Haya Rashed Al Khalifa is appointed as Bahraini legal counsel to Charles Russell

August - 2009

Haya Rashed Al Khalifa was appointed as Bahraini legal counsel to Charles Russell in their capacity as External Administrator of Awal Bank, Manama, Bahrain. Haya Rashed Al Khalifa’s principal, Sheikha Haya and partners, Rashid Boghammar and Ronald Langat are leading the advisory team.

Awal Bank had assets with a book value in excess of US$5,000,000,000 at the time of entering administration and the External Administrators are seeking to urgently verify and retrieve the asset and creditor positions, along with reconciling a wide variety of ancillary issues that arise from this complex assignment. This appointment confirms Haya Rashed Al-Khalifa’s outstanding expertise on Restructuring and Insolvency Litigation in Bahrain.