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Lebanon is in the eye of a perfect storm; including simultaneous political, financial, banking, and currency crises which could lead to a major economic and social disaster, as the eye progresses in its trajectory and the country risks becoming prey to the storm’s most destructive elements.

logo David Graves Associate Editor, Debtwire

Oleg Bakhmatyuk told Debtwire he believes the revival of an investigation into the alleged embezzlement of a UAH 1.2bn (USD 49.6m) stabilisation loan received by VAB Bank – a bank he previously owned that was liquidated in 2015 – is “purely politically motivated”.

logo Asli Orbay Reporter, Arbitration and Litigation, Debtwire CEEMEA

The Kingdom  of Bahrain enacted a new bankruptcy law in December 2018, sweeping away its previous legislation and replacing it with a thoroughly modern toolkit. The law is a revolutionary improvement compared to what existed before, said lawyers polled by Debtwire.

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