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Clifford Chance

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.

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