Abraaj liquidation. Please note that this webpage is for creditors of Abraaj Holdings only and not creditors of Abraaj Investment Management Limited (In Provisional Liquidation) (“AIML”), which is under the control of Abraaj responded by filing for provisional liquidation which The Commercial Court (Foxton LJ) has today handed down a substantial judgment following the trial of various claims related to the assignment of a valuable debt owed by KES Power In June 2018, Abraaj filed for provisional liquidation in the Cayman Islands, marking the largest collapse of a private equity firm in history. . Writ of Summons and Statement of Claim in Simon Conway, Anthony Manton, and Mohammed Farzadi, as Joint Official Liquidators of Abraaj Holdings (in Official Liquidation) and Abraaj Holdings (in Official Abraaj Investment Management Ltd. The Fall In June 2018, Abraaj filed for provisional liquidation in the Cayman Islands, marking the largest collapse of a private equity firm in history. The First and Third Plaintiffs, along with a Mr Michael Jervis, were initially appointed as joint provisional liquidators of Abraaj Ho dings by After Sharjah’s flag-carrier filed proof of $188 million in debt with the liquidators of Arif Naqvi's Abraaj Holdings, a judge ruled that it had willingly submitted to the jurisdiction of the offshore court where Abraaj had filed a petition in the Cayman Islands last week, asking the court to appoint provisional liquidators for the embattled company. Abraaj Group went from the flagbearer of emerging markets private equity to liquidation in the space of just six months amid allegations of misuse of Bloomberg reported Abraaj’s plans to file for provisional liquidation on June 12. , which managed the private equity funds, and its parent, Abraaj Holdings Ltd, filed for provisional liquidation in the Cayman Islands, where they are registered. Dubai-based Abraaj says restructuring will have “minimum impact” on day-to-day operations The Grand Court of the Cayman Islands has appointed representatives from UK-based PwC and US-based The Decision in the Application by the Joint Official Liquidators (JOLs) of Abraaj Investment Management Limited (AIML) for inspection of the Jafar Proceedings Court File, Unreported, 12 June 19: Abraaj Group says a Cayman Islands court approved its request for a provisional liquidation of the business, enabling a court-supervised restructuring and protection of stakeholders' rights. Abraaj has filed for provisional liquidation in the Cayman Islands, seeking protection from the courts to promote a restructuring of its debt obligations. Kuwait’s Public Institution for Social Security said last week it filed a petition for the liquidation and winding up of Abraaj Holdings after it defaulted on B. A review of Abraaj’s finances found that there was commingling of Abraaj’s own The dramatic downfall of the Abraaj Group, the Middle East’s largest private equity firm, threatens to deal a blow to the nascent financial services sector in the The proceedings arose from the dramatic collapse and subsequent liquidation of the Abraaj Group, a once-dominant private equity Abraaj Embattled Abraaj braces for liquidation Abraaj has paused all fundraising and dealmaking activities, returned money to investors and announced layoffs, The liquidators have “extensive powers” to protect and manage Abraaj’s assets, including maintaining oversight of board and management activities and maximising the returns to the stakeholders of the Abraaj, the embattled emerging-markets private-equity firm, said its Cayman Islands-based holding company filed for liquidation, in what could be one of the industry’s largest-ever failures. The firm’s The Grand Court has appointed provisional liquidators to Abraaj Holdings, a Middle Eastern private equity firm facing allegations that it has misused hundreds of millions of dollars, including Dubai: Abraaj, the Middle East’s biggest private equity firm, has filed a petition in the Cayman Islands, asking the court to appoint PwC as provisional liquidators for the embattled company. The firm’s The proceedings arose from the dramatic collapse and subsequent liquidation of the Abraaj Group, a once-dominant private In April 2017, AH sought a two-month extension, and there were further discussions between representatives of the Abraaj Group and Mashreq about the terms on which such an extension might June 6: Kuwait’s state-owned Public Institution for Social Security (PIFSS) refuses to agree to a debt settlement deal with Abraaj and instead pursues a petition at the Grand Court of the Abraaj has filed for a court-supervised provisional liquidation in the Cayman Islands, marking a spectacular fall from grace for the Middle East’s largest private equity group. Abraaj responded by filing for provisional liquidation which protected it against individual creditor action, allowing liquidators time to try to sell off assets. Relevant background e aj group of companies in early 2018.


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