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Middle East & Africa
Insolvency
Bahrain
Raees + Co
Having a sound insolvency legal framework is essential in securing a business-friendly environment which fosters the interests of entrepreneurs and start-ups. Insolvency and bankruptcy regulation...
Raees + Co
Having a sound insolvency legal framework is essential in securing a business-friendly environment which fosters the interests of entrepreneurs and start-ups.
Ethiopia
Mesfin Tafesse & Associates (MTA)
As part of the government's effort to update and modernize existing laws in the commercial sector, a number of laws have been revised and a few new ones have been enacted.
Kenya
Anjarwalla & Khanna
Driven by the enactment of the Insolvency Act 2015, Kenya's corporate insolvency and restructuring infrastructure has grown in leaps and bounds.
Mauritius
Appleby
In 2020, the United Kingdom introduced a restructure plan under the Corporate Insolvency and Governance Act 2020 through section 26A of the Companies Act 2006.
Nigeria
S.P.A. Ajibade & Co.
The phenomenal growth in international trade and investments in the 21st Century has increased the incidence of corporate entities having businesses, assets, debtors and creditors in several jurisdictions.
KPMG Nigeria
The Honourable Minister of Industry, Trade and Investment on 24 April 2022 approved the Insolvency Regulations 2022 ("the Regulations"), pursuant to the powers conferred on him by Section 867...
PUNUKA Attorneys & Solicitors
This Webinar intends to enlighten participants on the impact of the new law, and highlight sundry initiatives that are or will be helping companies, actual or prospective local and foreign investors regarding ease of doing business, continuity in business, restructuring and/or exiting options/strategies available in the event of insolvency.
Udo Udoma & Belo-Osagie
On 7th August 2020, the President of the Federal Republic of Nigeria, Muhammadu Buhari GCFR, assented to the Companies and Allied Matters Act, 2020 which repealed and replaced the Companies and Allied Matters Act, ...
South Africa
Andersen in South Africa
With so many businesses facing financial distress as a consequence of the economic fall out of the past 18 months brought about by the COVID-19 pandemic...
Uganda
ENSafrica
The High Court recently passed a decision (Bank Of India (U) Limited Vs NC Beverages Limited And Uganda Revenue Authority (Civil Suit 0009 of 2021)...
ENSafrica
The High Court in Uganda has ruled that a petitioner for liquidation of a company must issue a statutory demand regardless of the grounds of the petition.
United Arab Emirates
Al Rowaad Advocates & Legal Consultancy
The new federal decree-law no. 35 of 2021 amending the provisions of federal decree-law no. 9 of 2016 regarding bankruptcy and its amendments has been introduced in the United Arab Emirates...
BSA Ahmad Bin Hezeem & Associates LLP
All UAE business owners and managers should be aware of the very recent decision of the Dubai Court of First Instance in the matter of the Bankruptcy of Marka Holdings PJSC...
Mayer Brown
Article 201 of the UAE Bankruptcy Law also entitles a court to order imprisonment in certain circumstances, including where there has been a failure to share information with a bankruptcy trustee.
BSA Ahmad Bin Hezeem & Associates LLP
In the following series of articles, Barry Greenberg provides the reader with a comprehensive look at bankruptcy proceedings in the UAE, from beginning to end.
BSA Ahmad Bin Hezeem & Associates LLP
The rise in the number of companies facing severe financial distress is an unavoidable fact of today's economic market.
BSA Ahmad Bin Hezeem & Associates LLP
Certain enhanced protections of debtors under the UAE Bankruptcy Law – Federal Law No. 9 of 2016 – which were previously put into place on an emergency basis in response to the Covid pandemic, have now expired.
Uzbekistan
GRATA International
In Uzbekistan, on April 13, 2022, a new law "On insolvency" No. ZRU-763 dated April 12, 2022 (the "Law on insolvency") came into force. The Law on insolvency regulates the insolvency of ...
GRATA International
The Cabinet of Ministers of the Republic of Uzbekistan adopted resolution "On approval of a unified regulation on the procedure for notifying the authorized body on the commencement...
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