Vietnam: On 11 December 2025, the National Assembly of Vietnam issued the Law on Rehabilitation and Bankruptcy 2025, marking numerous significant reforms compared to the Law on Bankruptcy 2014, with a particular emphasis on early intervention and the prioritization of business rehabilitation. Notably, the rehabilitation procedure has been separated into an independent procedure and accorded priority application. In particular, the Law introduces fast-track rehabilitation procedures aimed at supporting small and micro enterprises, as well as enterprises with a minor number of creditors and debt obligations. These changes not only alleviate the procedural burden but also enhance resolution efficiency while saving time and costs for all stakeholders involved.

United Arab Emirates: Private credit is no longer just a Western trend – it is steadily gaining traction in the UAE and wider GCC. While distress in sections of the US private credit market has been making headlines in recent months, the much more embryonic private credit market in the GCC is starting to become more established. But is it complementing the banking market or quietly reshaping it?

Ukraine: Ukraine’s Cabinet of Ministers has introduced a pilot project that will give employees the option to terminate an employment agreement electronically, if the employer’s registered location falls within the territory of active hostilities or in a territory temporarily occupied by the Russian Federation.

Dentons, the world's largest global law firm, has advised a syndicate of banks (Bank of China, Bank of Montreal, London Branch, BNP PARIBAS, ICBC, J.P. Morgan, KIB Invest, Nomura, and Warba Bank), led by Standard Chartered Bank, as joint lead managers on The Islamic Development Bank’s (IsDB) issuance of US$1 billion 4.227% fixed rate trust certificates due 2031 under its US$25 billion trust certificate issuance programme. The transaction was successfully completed on 14 May 2026.