IFN AWARDS – DEALS OF THE YEAR 2023

**Primecase Wins “Restructuring Deal of the Year” at IFN Legal Awards 2023! ????**

 

We are delighted to announce that Primecase has been awarded the prestigious **”Restructuring Deal of the Year“** at the IFN Awards 2023 for our pivotal role in the **KBBO Group’s AED 15 billion restructuring deal**.

 

This recognition is a testament to the dedication, expertise, and collaborative efforts of our exceptional team and partners. The KBBO Group restructuring is not only a significant achievement in terms of financial and legal coordination but also a landmark in utilizing the UAE’s onshore bankruptcy framework effectively.

 

We extend our heartfelt thanks to our clients, partners, and team members for their unwavering support.

 

Here’s to continued success and excellence in the industry!

 

#IFNAwards2023 #RestructuringDeal #Primecase #IndustryLeaders #CelebratingSuccess #Gratitude #TeamAchievement

 

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**Key Highlights of the KBBO Group Restructuring Deal:**

– **Deal Size:** AED 15 billion (US$ 4.08 billion)

– **Collaborators:** Deloitte, Salem Ballama Auditing of Accounts, DLA Piper, Allen & Overy, Addleshaw Goddard, Freshfields, Hadef & Partners, Rothschild & Co

– **Significance: ** First high-profile onshore bankruptcy case under UAE’s new Bankruptcy Law, preserving over 2,000 jobs and ensuring ongoing medical care through Emirates Hospital Group

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We look forward to many more successful endeavors together!