In a landmark legal achievement, Al Doseri Law – under the leadership of lawyer Saad Al Doseri, acting as Bahraini legal counsel, and in co-ordination with the international law firm DLA Piper – secured a judgment from the High Civil Court (Seventh Chamber for Corporate Reorganisation and Bankruptcy) that ranks among the first and most significant judicial applications of the cross-border insolvency provisions in Bahrain.
Pursuant to Article (172) of the Reorganisation and Bankruptcy Law issued by Decree-Law No. (22) of 2018, the Court recognised the compulsory liquidation proceedings of AmazingTech Pte Ltd – operator of the Tokenize Xchange digital asset trading platform – issued by the High Court of the Republic of Singapore…