Mondaq Middle East & Africa: Insolvency/Bankruptcy/Re-structuring
Sharir, Shiv & Co. Law Offices
The Supreme Court reviewed a distinction developed over the years in the lower instance District Court decisions.
Barnea & Co
Insolvency proceedings are an integral part of business-commercial activities, in circumstances whereby a person or corporation might need to institute proceedings to rehabilitate its business activities...
Barnea & Co
Insolvency proceedings are an integral part of business-commercial activities, in circumstances whereby a person or corporation might need to institute proceedings to rehabilitate its business...
Al Tamimi & Company
The UAE government issued a new bankruptcy law, UAE Federal Decree Law No. 9 of 2016 ("Bankruptcy Law") which came into force on 29 December 2016.
Mahayni
On 24/12/1437 H. (25/9/2016 G.), the Ministry of Commerce and Investment ("MoCI") published the draft Bankruptcy Law ("Draft Bankruptcy Law") and a Clarification Guide (the "Clarification Guide").
Pieter van der Zwan & Associates
The tax treatment of unrealised exchange gains or losses poses certain challenging questions when a foreign denominated debt becomes irrecoverable.
Clyde & Co
The collapse of Hanjin, the world's seventh largest shipping container carrier, and its immediate impact in South Africa and its shipping industry, remains to be seen.
Cox Yeats
This circular will examine the principles relating to the winding up of a solvent company on the basis of what is referred to as the just and equitable principle.
ENSafrica
On 28 March 2014, the Supreme Court of Appeal handed down judgment in Gavin Cecil Gainsford N.O. & others v Tanzer Transport Ltd & others.
ENSafrica
The making of advance dividends before the confirmation of a liquidation and distribution account has been a longstanding insolvency practice.
ENSafrica
The recent administration of heavily indebted Uganda Telecom Limited ("UTL") aims to achieve the best outcome for creditors and shareholders.
United Advocates
The new UAE Federal Decree Law No. 9 of 2016 was finally approved by the UAE Cabinet on 4 September 2016.
Global Business Services DMCC
Legal experts said the new law primarily involves four new procedures, each of those supervised by the court.
Afridi & Angell Legal Consultants
The new Bankruptcy Law of the UAE was enacted on September 20, 2016 as Decree-Law No. 9 of 2016. It was published in the Federal Official Gazette on September 29, 2016, giving it an effective date...
Meyer-Reumann & Partners
On 29 December, 2016, Federal Decree Law No. 9 of 2016 ("New Bankruptcy Law") has come into force. This article will provide you with an overview.
Squire Patton Boggs
The "mini-insolvency law" and the 90 day moratorium it creates is not automatically binding upon UBF members.
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Pieter van der Zwan & Associates
The Taxation Laws Amendment Bill introduces a revised set of rules that will apply to debt restructuring transactions that occur during years of assessment that commence on or after 1 January 2018.
BLC Robert
What systems of law are used within your jurisdiction and what are they used for (i.e. English law for project development, New York law for high yield issues)
Dentons
The Ministry of Labor and Social Development (MOL) is discussing a potential new employment system for Saudi employees named "Flexible Work" (Flexible Work).
Juristconsult Chambers
In the World Bank Doing Business Report 2017, Mauritius was once again ranked first among the sub-Saharan economies, but nevertheless made a spectacular fall, moving down from an overall global ranking...
ENSafrica
The without prejudice rule has long been part of South African law. This rule provides that statements, including admissions of liability, made in an attempt to settle litigation between parties.
BLC Robert
Mauritius is known as an established financial centre and platform for foreign investments and debt financing of assets in Africa, Asia and the region offering financing structuring solutions to both...
Youssry Saleh & Partners
The liquidation of companies in Egypt is governed by the Egyptian Companies Law. No. 159/1981, the law governs all the aspects of the companies' liquidation including the reasons of liquidation...
ENSafrica
Below is an overview of those legal changes that we deem notable.
Dentons
Issuing the Executive Regulations of Sultani Decree No. 31/96 on determining the rules for investing the funds of the Public Authority for Social Insurance and pension funds.
Sharir, Shiv & Co. Law Offices
The Supreme Court reviewed a distinction developed over the years in the lower instance District Court decisions.
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