Abu Dhabi Global Market (ADGM) is set to host the 2nd Annual Financial Restructuring Mena Conference from February 19 to 20, 2024, to discuss strategies for addressing corporate insolvencies in the region. Insolvencies are a result of the continued spike in interest rates and inflation. Worldwide, 15% of the corporate bonds and loans trading at distressed levels, currently in excess of $590 billion, have defaulted highlighting grave impacts for the global economy.
Hosted by Abu Dhabi Global Market (ADGM) in partnership with the Bankruptcy Commission Saudi Arabia EISAR and the International Finance Corporation (IFC), the conference aims to prepare the regions banks and corporates to effectively navigate the current wave of looming defaul…
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