Chambers Review

Provided by Chambers

Restructuring/Insolvency - United Arab Emirates

3
Band 3

What the Team is Known For

Akin maintains a respected restructuring and insolvency practice in Dubai which frequently represents creditors, including banks. A notable area of experience is its work on behalf of bondholders and noteholders in the restructuring of sukuk and other debt securities.

Notable practitioners

Rizwan Kanji is a key contact.

Work Highlights

Provided by Akin

  • Akin represented a syndicate of international lenders - including ING Bank, Deutsche Bank, Raiffeisen Bank and Société Générale - in the amendment and restatement of an existing credit facility provided to NLMK Sales Europe. This increased the value of the loan from EUR130 million to EUR155 million.

Strengths

Provided by Chambers