Going concerns – July 2024

In the twelfth edition of the Going concerns, the Stephenson Harwood restructuring and insolvency team covers set-offs and the net result of a creditor dealing with a company in liquidation; the first cross-border pre-pack scheme filed in the Singapore International Commercial Court by a foreign unregistered company that has been successfully sanctioned in Singapore: Re No Va Land Investment Group Corporation; and the UAE's new bankruptcy law that came into effect on 1 May 2024, a relatively substantial overhaul of the onshore insolvency and restructuring regime in the UAE.

Content

• Setting the record straight on set-off in insolvency
• Successful pre-pack scheme of arrangement by foreign unregistered company in Singapore
• The UAE's New Bankruptcy Law

Please enjoy this edition of the Going concerns and as usual, feel free to contact the team should you like to learn more on any topic.

Click here to read more.