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Recent legal developments in the Middle East

  • Herbert Smith Freehills LLP
  • -
  • United Arab Emirates
  • -
  • February 10 2010

In the wake of the high-profile financial problems affecting the Dubai World group, the Dubai government has announced a new reorganisation law in case that group is unable to achieve an acceptable restructuring of its debts

Protecting shareholdings in the Middle East - what can you do as the minority shareholder?

  • Herbert Smith Freehills LLP
  • -
  • United Arab Emirates
  • -
  • February 10 2010

Many Middle East countries require that a majority of shares in companies incorporated within their jurisdiction are owned by their own nationals or (in some cases) nationals from GCC states

Dubai government releases details of a tailor-made restructuring process

  • Herbert Smith Freehills LLP
  • -
  • United Arab Emirates
  • -
  • January 18 2010

At the same time as announcing that the Nakheel sukuk due for repayment on 14 December would be repaid in full, the Dubai government stated that it would pass a reorganisation law for the Dubai World group in case that group is unable to achieve an acceptable restructuring of its remaining obligations

Dubai World - government releases details of a tailor-made restructuring process

  • Herbert Smith Freehills LLP
  • -
  • United Arab Emirates
  • -
  • December 30 2009

At the same time as announcing that the Nakheel sukuk due for repayment on 14 December would be repaid in full, the Dubai government stated that it would pass a reorganisation law for the Dubai World group in case that group is unable to achieve an acceptable restructuring of its remaining obligations

Compulsory ADR to be introduced in Dubai

  • Herbert Smith Freehills LLP
  • -
  • United Arab Emirates
  • -
  • October 31 2009

On 15 September 2009, Law No. 16 of 2009 establishing the Centre for Amicable Settlement of Disputes (the "ADR Law"), was published in Dubai's Official Gazette