Regional news: United Arab Emirates
Regulatory roundup: China’s new bankruptcy regime
In recent reforms to bankruptcy laws around the world, China has made a bold play in response to its economic downturn, India has tackled too-big-to-fail, and the UK has released an update to its long-standing insolvency legislation.
31 October 2016
Irish courts will hear Quinn asset-stripping allegations despite parallel case in India
The Supreme Court of Ireland has declined to stay local proceedings against a Dubai-registered company accused of helping to put assets of the family of former billionaire Seán Quinn beyond the reach of liquidators – despite arguments that a parallel case has already been commenced in India.
16 August 2016
New York court dismisses Belgian receiver’s claim against Deutsche Bank over frozen funds
The receivers of Belgium’s former national airline, who spent years trying to unlock funds in a New York bank account frozen by US sanctions against the government of Sudan, have had their case dismissed by A New York appeals court.
29 July 2016
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