DUBAI - Troubled hospital operator NMC Health’s entity in the United Arab Emirates , NMC Healthcare LLC, is considering applying for restructuring and insolvency proceedings locally, two sources familiar with the matter said.
The two sources told Reuters that NMC Healthcare LLC was looking at options to file under the jurisdiction of Abu Dhabi Global Markets , which has its own laws relating to insolvency and corporate restructuring. A scheme of arrangement is a binding agreement about payment of all, or part of, a firm’s debts over a period of time.The ADGM Registration Authority does not comment on its regulatory operations or disclose its engagements with external entities publicly, it said in an email.
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