Navigating the rising wave of large corporate insolvencies

Host Partner

Event Overview

The era of unusually cheap credit followed by the Fed continuing to further tighten the market has started showing causalities worldwide, on scales previously seen during the 2008 financial crisis. In the first seven months of the year alone, the US has witnessed over 120 big bankruptcies, with a 360% surge in troubled bonds and loans in the country since 2021. Worldwide 15% of the corporate bonds and loans trading at distressed levels, currently in excess of USD 590 bn, have defaulted highlighting grave impacts for the global economy as these corporates, owing over half a trillion dollar, are faultering and showing signs of nonpayment.

As commercial real estate takes the biggest hit with distressed debt exceeding USD 168bn and private equity owned companies struggle under distressed debt of over USD 70 bn – a result of floating interest rates and a failure to hedge, the impact of the looming wave of corporate defaults will have a ripple effect across job markets, consumer spending, and the global economy as a whole.

The banking sector in the MENA region, especially the United Arab Emirates, Saudi Arabia and Bahrain have showed remarkable resilience in the aftermath of Covid-19 keeping the NPA ratios in check. Armed with conducive regulations, a sound legislative and judicial environment, the region’s banks and corporates are preparing to effectively navigate the current wave of looming defaults as growth cools globally and interest rates continue to tighten.
Source: Bloomberg media

Global Market Overview

the pile of troubled bonds and loans has surged over 360% since 2021, reports Bloomberg news, with potential to result in first broad-based cycle of defaults since the Great Financial Crisis if the trend continues.
the debts of non-financial Chinese companies surged relative to the size of the nation’s economy.
junk-bond sales jumped over 40% in 2021 alone.
for vast majority of these securities globally is in the next few years, contributing to a $785 billion wall of debt that’s coming due.
has put expected default rate for speculative grade companies to 5.1% in the upcoming year from 3.8% in the year ending in June. Default rate in the worst case scenario is kept at 13.8%.

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Event Highlights

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Key Features of Financial Restructuring MENA 2024

Exclusive C-level interviews of billion-dollar plus debt restructuring cases from the region

Case studies of some of the largest corporate workouts from Europe and Asia

Dedicated workshops on effective mechanisms to offload NPAs and clear balance sheet as well as tools for successful debt restructuring

Convention point for regional and international regulators, restructuring practitioners, corporates undergoing insolvency, hedge funds and key stakeholders

Who Will Attend ?

Why Attend ?

Listen to leading restructuring practitioners

on multi-billion and multi-million dollar restructuring cases from Europe and Asia

Hear from live restructuring cases in the MENA region

on their roadmap, challenges and strategies being deployed 

Listen to the most recent corporate restructuring success stories

to find out optimal strategies and solutions deployed 

Hear from world-class restructuring advisories and consultants

on best practices in achieving successful workouts 

Find out how MENA banks can manage and minimize their special assets portfolio 

and clean their balance sheets

Discuss and address challenges faced by hedge funds in the Middle East market,

and methods to enable a viable NPL sales market in the region

Understand the conducive legal insolvency framework

in UAE, Saudi Arabia and other GCC countries that facilitate financial restructuring and support your business through difficult times 


  • Day 1 - Monday, 19 February 2024
  • Day 2 - Tuesday, 20 February 2024


Registration and morning coffee


Welcome address


Opening remarks by the Conference Chairman


Opening keynote address


Keynote address by Abu Dhabi Global Market


Fire-side chat with regulators and policy-makers | Updates from the regulatory, legislative and judicial environment in MENA countries and evolving insolvency regimes


Fire-side chat with CEOs | Navigating a global debt storm


Panel | Into the biggest insolvency workouts in MENA


Networking coffee Break


Presentation | Assessing the macro economy and global events, and impact on MENA’s Economies


C-suite Panel: Driving profitability and asset quality of Middle East banks


Case analysis: Successful billion-dollar plus restructuring in the real estate sector


Exclusive Interview: Case analysis of one of largest corporate insolvencies in Europe


Panel: Dispute trends across the Middle East, high-profile insolvencies, the increasing use of legal finance and the effect on MENA arbitrations


Closing remarks by Conference Chairman


Close of conference day one


Workshop A: Driving business profitability and optimizing asset health for MENA’s lenders

Workshop A: Keys to successful corporate restructuring and business turnarounds


Registration and morning coffee


Welcome address by Conference Chairman


Presentation: Driving business turnarounds in highly leveraged and volatile markets


Panel: The growing hedge fund market in the MENA


Exclusive Industry Session: The case of PE backed companies and rising distressed debts


Fire-side Chat: Investment opportunities in MENA’s stressed and distressed assets


Networking coffee break


Presentation: The workings of a crypto restructuring


Panel: Tracking, recovery, and appropriate valuation of debtor’s assets


Closing Panel: The imperative need for stakeholder collaboration in successful restructuring


Closing remarks by conference chairman


Close of Financial Restructuring MENA Conference


Workshop C: Converting NPAs to effective debt instruments for promoting asset sale

Workshop D: Effective dispute resolution mechanisms for successful insolvency workouts

Join as a Partner

If you are a restructuring advisory, law firm, distressed market investor or offer solutions enabling debt restructuring or NPL management and is interested to explore partnership opportunities, please contact us on or contact Bencily Thomas – | +971-52 969 7209

Register as a Delegate

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