Clyde & Co advises on First Insolvency in the Dubai International Financial Centre (DIFC)

LAWFUEL – The Law Firm Newswire – Clyde & Co have advised Forsyth Partners Global Distributors Ltd and Forsyth Partners (Middle East) Ltd in connection with the first insolvency conducted in the DIFC (Dubai International Financial Centre).

An order appointing liquidators to these companies was made on 19 September 2007 by the Honorable Sir Anthony Evans, Chief Justice of the DIFC Court of First Instance. The order was advertised in regional media from 24 September.

The Dubai based Clyde & Co team advising on the matter consisted of finance partner Ashley Painter, and associates Vanessa Abernethy and Raymond Younan.

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