As the United Arab Emirates (UAE) emerges as a significant economic center, it has attracted international creditors seeking to recover debts as part of a worldwide enforcement campaign. Kobre & Kim’s Dubai-based Paul Hughes, who focuses on cross-border judgment and award enforcement, explores the options available for creditors to accelerate recovery and overcome common hurdles in an article for Law.com International.
The new administration of Javier Milei in Argentina marks a shift away from the political establishment, with his promises to purge the “political caste.”
Politically exposed persons may be at risk – new authorities around the world often engage in politically motivated investigations.
At-risk individuals and businesses should take proactive steps to protect their assets, liberty and reputation.
An English High Court judgment on state immunity and international arbitration, obtained in May 2023 by Kobre & Kim on behalf of two investors, was featured among the top global cases of 2023 in Commercial Dispute Resolution’s year in review.
Kobre & Kim’s continuing expansion in Latin America, with the growth of its on-the-ground team in Brazil, was reported in Brazilian publication Análise.
Brazil is seeking more investment from China, with almost half of China’s investments in South America being in Brazil.
However, the recent wave of insolvencies in Brazil could threaten these investments, particularly if fraud is uncovered, leaving investors to navigate the complex Brazilian insolvency landscape.
By undertaking a more assertive, multijurisdictional approach, combined with new insolvency tools in Brazil, investors can seek to gain the upper hand.
The U.S. Department of Justice announced a new policy promising companies leniency if they report uncovered misconduct within six months of a merger or acquisition.
Though this may at first appear to be “good news,” it demonstrates the DOJ’s increasing aggressiveness to companies – including non-U.S. companies – that did not commit any wrongdoing.
We look at why companies should be wary of cooperation, and how they can approach the DOJ more prudently.
Investments from the Middle East into Mainland China are growing recently as many see increasing opportunities for returns.
However, there are risks that may materialize if investors become embroiled in a global dispute with Chinese companies.
Investors should consider ways to increase their leverage and expand their options, including by bringing disputes directly into China through Hong Kong.
With a boom in insolvency and restructuring work in Brazil in the aftermath of the pandemic, as well as an inflow of capital into the region to secure commodities and infrastructure projects, Kobre & Kim has expanded its Brazil-based team to reinforce the firm’s local presence, Law.com International reported.
Debtor-friendly Delaware has strong asset protection laws that make it a destination of choice for global entities and individuals looking to hold their assets in a trust.
This creates a headache for international creditors – recovering assets in a Delaware trust can seem like an insurmountable challenge.
By adopting a creative, aggressive and multijurisdictional strategy, however, creditors can crack even Delaware’s notoriously tough trusts.
As governments increasingly use sanctions as a geopolitical tool, ultra-high-net-worth individuals – including those with connections to Cyprus – are at risk.
Cypriot officials and financial institutions have already taken steps to target certain individuals, even those who are not sanctioned.
We explain pre-emptive steps at-risk individuals and their advisors can take to mitigate the risks and protect themselves.
It is commonly assumed that it is difficult and impractical to enforcement judgments in the United Arab Emirates.
However, this is increasingly untrue – even when no bilateral enforcement treaty exists, creditors can obtain recognition of their common law judgments.
A recent Kobre & Kim case shows how that can happen.
