Tagged: Linex Legal

Recent Developments in Insolvency and Restructuring in the Middle East

Recent Developments in Insolvency and Restructuring in the Middle East

<p>On March 19, 2012, certain Arcapita entities filed voluntary petitions under chapter 11 of the US Bankruptcy Code as a means to reorganise their business and restructure over US$2.5bn of indebtedness. Arcapita&rsquo;s chapter 11 process is still<br>
ongoing but is already creating a new landscape for Middle Eastern companies to consider when they face restructuring scenarios. Several key elements of Arcapita&rsquo;s ongoing chapter 11 process demonstrate that a chapter 11 filing can<br>
be an effective means of implementing a restructuring for a Middle East-based company, including procedures<br>
to prevent enforcement action by creditors, maintain the debtor&rsquo;s control over its own restructuring and obtain access to new financing needed to complete a restructuring.</p>
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<p><a href="http://ca.linexlegal.com/contents/view/46029322" title="http://ca.linexlegal.com/contents/view/46029322">http://ca.linexlegal.com/contents/view/46029322</a></p>
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PwC Luxembourg and the Luxembourg Stock publish wew brochure about Sukuk listing in Luxembourg

PwC Luxembourg and the Luxembourg Stock publish wew brochure about Sukuk listing in Luxembourg

PwC Luxembourg in association with the Luxembourg Stock exchange publishes a new brochure about Sukuk listing in the Grand Duchy. This document distributed on 6 May 2013 during the “Journée boursière” provides an overview of the Islamic Finance Market in Luxembourg and highlights the benefits of Sukuk Listing and Trading in Luxembourg. 16 Sukuk have been listed on the Luxembourg Stock exchange. With more than 3,127 listed issuers coming from 103 countries, the Luxembourg Stock Exchange meets capital market players’ needs. Luxembourg remains one of the most competitive, stable and secure environments in Europe to locate securitisation transactions. The development of Islamic Finance in Luxembourg has been set as priority by the Grand Duchy.

Islamic Insurance (Takaful)

Islamic Insurance (Takaful)

The Takaful market has been growing steadily and remains unsaturated with huge growth potential. Global Takaful contributions grew by 19 per cent in 2010 to US$8.3 billion and were forecast to reach US$12 billion in 2012.

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