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First test case for Dubai’s innovative Decree 57 restructuring regime

Singapore, United Arab Emirates, United Kingdom, USA - July 2 2012 On April 1, 2012 Drydocks World LLC and its subsidiary Drydocks World — Dubai LLC, a Dubai- and Asia-based ship building and repair company that is wholly owned by Dubai World, became the first company to commence a reorganization proceeding in the Special Tribunal created by Dubai Decree No. 57 for 2009 and avail itself of Decree 57’s integrated legal framework.

Adam J. Goldberg, Caroline A. Reckler, Christopher Hall, Mitchell A. Seider.

The DIFC special purpose company: an increasingly popular vehicle for structured finance transactions

Middle East - February 29 2012 Over the last 12 months, structured finance transactions in the Middle East (both Islamic and conventional) have seen increased use of a comparatively new and previously underutilized type of special purpose vehicle (SPV) — the DIFC special purpose company (SPC).

Kai Schneider, Oliver J. Simpson.