In an article for Debtwire, Asli Orbay speaks with Burford’s Daniel Hall about the rise in non-performing loans (NPLs) in the UAE and the recovery challenges they pose. Mr. Hall describes the problem: “What I see is that Dubai has grown enormously within the last decade and part of the NPL exposure is caused by the situation, or as we say, the ‘skip cases’—where a defaulter absconds the country—form a significant part of the overall NPL book in the UAE… From a litigation funding perspective, it is a risky investment opportunity”.
