#Bankruptcy Law

Saudi conglomerate Algosaibi’s $7.5bn default settled after decade

The plan involves Algosaibi contributing 90 per cent of its assets to paying off debts, with the rest restructured in order to carry on operating

UAE Bankruptcy law

UAE amends bankruptcy law to include pandemics

Debtors can request a grace period or negotiate a debt settlement with creditors for a duration of up to 12 months