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RA-claims-mena-region-declining
Number of claims is declining and expected to remain flat in 2022
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At TXF MENA, we shed light on the trends in claims and recoveries in the MENA region for 2020 and 2021; the impact of COVID-19 and its repercussions was unmistakable. As expected, in 2020 there was a spike of claims...
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RA-TXF-Asia-CPRI-market
Insuring A Healthy Business Environment: Asia CPRI Market
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At TXF Asia 2021, which took place on November 11 & 12, we took part in a panel discussion about the future, prospects, and challenges of project finance and the CPRI market in Asia. Our contribution to the discussion brought...
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RA-Saudi-Arabia-legal-systems
Highlights from GTR KSA – From 0-100 in a flash!
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At GTR KSA, we took part of a panel discussing the recent developments in KSA, and the fast evolution of The Kingdom’s risk profile. The pace at which The Kingdom is overhauling its legal systems is impressive. Like a sports...
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claims-recoveries-management-AsiaPacific
RA enters Asia Pacific – Claims & Recoveries Management
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We are pleased to announce our growth into Asia Pacific and the establishment of new wholly owned subsidiaries and partnerships. As a testament to our commitment to supporting international trade and export finance, we stayed our course and continued our...
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RA-ICC-DOCDEX-recovery-legal
ICC DOCDEX panel decides in favor of RA’s client, Issuing Bank liable to honor LC
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The International Chamber of Commerce (ICC) DOCDEX panel has decided in favor of RA’s client, by deeming an Issuing Bank liable to honor a documentary credit of approximately USD 26,000,000 plus interest. Details of the dispute: The dispute mainly revolved...
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recovery-advisers-uae-bankruptcy-law
Amendments to UAE Bankruptcy Law – Major Step Forward To Protect Creditor’s Interests
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In Brief As a result of the repercussions of the COVID-19 pandemic, the United Arab Emirates (UAE), have recently applied amendments and provisions to the UAE Bankruptcy Law. As per the most recent amendments to the UAE Bankruptcy Law, Recovery...
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saudi-supreme-court-commercial-ruling
Saudi Supreme Court Resolution No. (45/ M) applies force majeure to commercial transactions
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The Saudi Supreme Court has ruled, as of December 23, 2020 (08.05.1442 AH) to apply force majeure to commercial transactions that meet certain conditions, brought on by the COVID-19 pandemic, based on resolution No. (45/ M). After an extensive review...
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saudi-supreme-court-commercial-ruling
Saudi Supreme Court Resolution No. (45/ M) applies force majeure to commercial transactions
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사우디 대법원은 2020년 12월 23일 45/M 규정에 따라 일정 조건이 충족되면 코로나 19관련 상사 거래를 불가항력상황 으로 보고 있습니다. The Saudi Supreme Court has ruled, as of December 23, 2020 (08.05.1442 AH) to apply force majeure to commercial transactions that...
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recovery-advisers-UAE-country-risk
Country Risk Profile for United Arab Emirates
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Provided by CountryRisk.io The United Arab Emirates’ macroeconomic condition has markedly deteriorated in the wake of the global pandemic, stemming from an already fragile backdrop. The IMF expects the economy in the UAE to contract by 6.6% yoy in 2020...
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recovery-advisers-uae-commercial-law-creditors
Claiming outstanding debt facilitated by changes to UAE Civil Procedures Law
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UAE Civil Procedures Law introduces changes to litigation in UAE Courts.  In May 2020, the UAE Civil Procedures Law was amended, with the introduction of the UAE Ministerial Decree No. 33 of 2020, pertaining to the amendments of the Ministerial...
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