Adam Banks
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Adam also regularly advises in relation to origination financings where his clients include corporate debtors, sponsors, arrangers and financiers in a range of sectors including real estate, education and hospitality and in relation to a range of financing structures (both conventional and Shari'ah compliant).

Expertise

Industries

Experience

Representative matters

  • Arabtec Holding PJSC (a Dubai listed construction company) in relation to its group-wide insolvency issues and formal bankruptcy proceedings in the UAE (the first large scale formal bankruptcy process in the UAE (onshore)).
  • The co-ordinating committee of creditors in relation to the court-controlled restructuring of Emirates Hospitals Group (the first large scale restructuring plan to be sanctioned under the onshore UAE Bankruptcy Law).
  • Abraaj Holdings and (subsequently) the liquidators of Abraaj Holdings in relation to its liquidation.
  • A global financial institution as Restructuring Agent in respect of the second restructuring of Dubai International Capital.
  • The steering committee of creditors in relation to the restructuring of Ahmed Hamed Algosaibi & Brothers (AHAB).

Published Work

  • “Priority financing improves Abu Dhabi insolvency law” – MEED (Middle-East Business Intelligence) – 10 August 2020
  • “Criteria published for registering as a bankruptcy expert in UAE” – 5 May 2021

Leadership Positions And Professional Affiliations

  • Member of The Solicitors Regulation Authority Member of INSOL International

Recognition

“He's sensible, easy to deal with and I'm really pleased whenever he's on the other side of the table”
CHAMBERS GLOBAL UAE 2024, (RESTRUCTURING/INSOLVENCY)
“I really think he's a star of tomorrow”
CHAMBERS GLOBAL UAE 2024, (RESTRUCTURING/INSOLVENCY)

Awards

  • Recognized as a “Rising Star” by IFLR Middle-East.

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