The project, which was expected to start processing natural gas this year, has not updated its completion schedule
The UAE’s new bankruptcy legislation was published on 31 October 2023 and it is set to come into full effect on 1 May 2024.
Fetchr was valued at almost $300m in a 2017 fundraising round
The bankruptcy judge decided to appoint a panel consisting of seven experts to examine the application
In view of the current economic climate, business owners keen to consolidate and reduce overheads may look to liquidate