Topic: Abraaj Group
Abraaj ruling confirms Cayman’s role in global insolvency disputes
A Cayman Islands Court of Appeal ruling against Air Arabia in the ongoing Abraaj liquidation has underlined that foreign creditors cannot cherry pick which parts of Cayman’s insolvency regime apply to them.
Abraaj Group faces more than $300 million in fines in Dubai
The embattled Abraaj Group, undergoing provisional liquidation in Cayman courts, has been issued hundreds of millions of dollars in fines by the Dubai Financial Services Authority.
2 Abraaj executives arrested for defrauding investors
Law enforcement authorities have arrested and filed fraud charges against two senior executives of the Abraaj Group, the multi-billion-dollar Middle Eastern equity firm that’s undergoing provisional liquidation in the Cayman courts.
Abraaj close to selling major assets
The Abraaj Group, once the largest private equity firm in the Middle East, is close to reaching a key milestone in the troubled company’s ongoing restructuring in the Cayman Islands.
