Latham & Watkins

International Top 30 position: 2
International 50 position (Asia-Pacific): 26

First test case for Dubai’s innovative Decree 57 restructuring regime

On 1 April 2012 Drydocks World LLC and its subsidiary Drydocks World — Dubai LLC a Dubai- and Asia-based ship building and repair company that is wholly owned by Dubai World, became the first company to commence a reorganisation proceeding in the Special Tribunal created by Dubai Decree No. 57 for 2009 and avail itself of Decree 57’s integrated legal framework. Decree 57 is in English and draws heavily from the insolvency laws of England and the United States; it integrates selected substantive concepts taken from chapter 11 of the US Bankruptcy Code into the English law based insolvency procedures enacted in the Dubai International Financial Centre.

Click on the link above to download this Latham & Watkins briefing.

Sign in or Register to continue reading this article

Sign in


It's quick, easy and free!

It takes just 5 minutes to register. Answer a few simple questions and once completed you’ll have instant access.

Register now

Why register to The Lawyer


Industry insight

In-depth, expert analysis into the stories behind the headlines from our leading team of journalists.


Market intelligence

Identify the major players and business opportunities within a particular region through our series of free, special reports.


Email newsletters

Receive your pick of The Lawyer's daily and weekly email newsletters, tailored by practice area, region and job function.

More relevant to you

To continue providing the best analysis, insight and news across the legal market we are collecting some information about who you are, what you do and where you work to improve The Lawyer and make it more relevant to you.

Briefings from Latham & Watkins

View more briefings from Latham & Watkins

Analysis from The Lawyer

View more analysis from The Lawyer

Browse This Firm’s


99 Bishopsgate

Firmwide revenue 2011 ($m): 2,152
Global lawyers 2011: 2,062
Jurisdiction: US
No. of offices: 5
No. of qualified lawyers: 101 (International 50)
No. of partners: 32