UAE Insolvency Landscape

With the COVID-19 pandemic, which is already having and predicted to have a further significant impact on the UAE economy, we can expect to see several businesses being driven to build strategies which include financial recovery, restructuring and insolvency.

DIFC Academy in collaboration with LexisNexis Middle East and Baker & McKenzie will host a webinar on insolvency frameworks post COVID-19. During the training session, we will explore whether the current insolvency framework across the UAE can manage such demand, whilst delving into what the legal framework could possibly look like post pandemic. Topics to be discussed include:

• The impact of COVID-19 on businesses in the UAE
• The current insolvency framework in the UAE
• Potential changes which may occur to insolvency laws due to COVID-19

Speaker:

MAZEN BOUSTANY

Partner | Baker & McKenzie Habib Al Mulla

Mazen has over 22 years’ experience in banking and finance law in the Middle East and has practiced in the UAE for more than nine years. He is a certified Professional Director from the Mudara-Institute of Directors and is a member of the UK Securities Industry Management Association (SIMA). He has also been awarded the CISI Level 3 Certificate in Derivatives, Securities and Financial Regulations, and Financial Regulations, and the Islamic Finance Qualifications (IFQ) and is a certified Basel III professional (2011) and DIAC qualified arbitrator as well as a registered practitioner before the DIFC courts. In 2012, Mazen was appointed by the International Finance Corporation (IFC) as a short term consultant to advise on UAE legislative matters in relation to security laws.