Sep 26 2007

First Insolvency in the Dubai International Financial Centre (DIFC) (Forsyth Partners)

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.


Notes to editors:

Middle East: Clyde & Co is the largest international law firm in the GCC with over 90 lawyers and paralegals in offices in Dubai and Abu Dhabi in the UAE, and in Doha, Qatar.

The firm, which has been ranked as the top law firm in the UAE for the third successive year by the international legal directory 'Legal 500', is one of the few law firms in the region with a 'full service' capability and has particular strengths in aerospace, banking & finance, cross-border trade & investment, intellectual property, international arbitration, trade disputes, mergers & acquisitions, corporate & commercial law, shipping, insurance, media & telecommunications, energy, capital markets, real estate & construction, and technology.

International offices: Clyde & Co is a leading international law firm with over 1,100 employees worldwide. The firm has offices in Abu Dhabi, Caracas, Doha, Dubai, Guildford, Hong Kong, London, Los Angeles, Moscow, Nantes, New York, Paris, Piraeus, Rio De Janeiro, Shanghai and Singapore and associate offices in Belgrade and St Petersburg. The firm also has an exclusive co-operation agreement with a major law office in Iraq.

For further information about Clyde & Co in the Middle East please contact:
Clinton Swan
Business Development & Marketing Manager (Middle East Region)
Clyde & Co
Tel: +971 4 312 8568

For further international information about Clyde & Co please contact:
Lisa Mercer
Head of Communications, London
Clyde & Co
Tel: +44 (0)20 7648 1981

© Press Release 2007

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