Clifford Chance
Financial Restructuring Committee established in the UAE
26 April 2018
The UAE takes a further step forward in the reform of its insolvency regime through the establishment of the Financial Restructuring Committee (the FRC).
This milestone decision allows financial institutions an out-of-court restructuring option which may help break deadlock situations and avoid more formal court-based proceedings.
This briefing details the role of the FRC and how it is expected to function, and analyses the benefits to UAE restructuring practices.
