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The new UAE insolvency law: Part One

  • Dentons
  • -
  • United Arab Emirates
  • -
  • April 23 2012

The onset of the global financial crisis brought into focus the extent to which the UAE’s business and economic landscape had changed

New insolvency regime for Dubai World and its subsidiaries

  • Dentons
  • -
  • United Arab Emirates
  • -
  • December 16 2009

On 14 December 2009, the same day on which Nakheel, a Dubai World subsidiary, was due to make payment under its 2009 sukuk, the Government of Dubai announced that it had received support from the Government of Abu Dhabi and the UAE Central Bank and would pay the US$4.1 billion due

Dubai Financial Support Fund to spearhead restructuring of Dubai World

  • Dentons
  • -
  • United Arab Emirates
  • -
  • November 27 2009

The Government of Dubai issued a press release on 25 November 2009 confirming that, through its Supreme Fiscal Committee (SFC), it has authorised the Dubai Financial Support Fund (DFSF) to spearhead the restructuring of Dubai World with immediate effect