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Mian Muhammad Nazir The United Arab Emirates, particularly Dubai, has always been amongst the few most comfortable places for Islamic finance. It has received significant support from the Government, regulators and stakeholders. Yet despite the popularity of Islamic finance in the UAE, and UAE's contribution in the growth of Islamic finance, the legal and regulatory infrastructure has always needed further improvement in order to keep pace with the challenges of time and to further strengthen the confidence of the stakeholders in the Islamic finance industry. As expected, the latest initiatives of His Highness Sheikh Mohammed Bin Rashid Al Maktoum, the Prime Minister and Vice President of the UAE and ruler of Dubai, have once again offered a remarkable degree of comfort to the industry. The initiatives will lead the UAE, and particularly Dubai, through a series of practical steps, which will pave the way for the growth of Islamic finance on a solid foundation. The proposed initiatives will entail industry specific and robust legal, judicial and regulatory reforms, which will provide a level playing field for the Islamic finance industry, to which it has been aspiring since its inception. What Islamic finance industry would certainly welcome is the review of Federal Law number 6 of 1985 regarding Islamic banks, financial institutions and investment companies.

A Greek company has issued high-yield bonds without exposing investors to a Grexit or broader currency risks. Here’s how

The sponsor’s role in the petrochemical complex funding heralds a new role for private capital in the country

Dr Daniel Staehelin is president of INSOL Europe, a pan-European professional association for restructuring and insolvency specialists. He works as an attorney and notary public at Kellerhals Anwälte Attorneys at Law and is an honorary professor at the University of Basel in Switzerland. He sat down with IFLR to share his thoughts on the state of cross-border insolvency proceedings in Europe

In January, the Islamic finance information service released its Islamic bonds or sukuk deal flow data. It revealed exactly how far the Islamic finance market progressed in 2012

This forestry company was first Chinese company to be restructured under Canadian law. Here's the deal documentation and key transactional challenges explained

Japan’s feed-in tariff scheme to incentivise renewable energy investment has been in effect since last July. But foreign firms haven’t taken advantage of its benefits

Gordon Stewart is president of INSOL International (2011-2013), and a partner and head of the global restructuring group at Allen & Overy in London. He has also served as INSOL vice-president, sat on its board, and acted as the first lawyer president of the Association of Business Recovery Professionals (R3).

Arthur Braun and David Vosol of bpv Braun Partners provide a comprehensive practical guide to insolvency in the Czech Republic

Lauri Peltola and Timo Lehtimäki of Waselius & Wist explain the insolvency options in Finland