Chair Who Oversaw Dewey & Leboeuf Collapse To UAE As CEO

Steve Davis, who presided over the collapse of law firm Dewey & Leboeuf, has been appointed as acting CEO to the Investment and Development Office of the government of United Arab Emirate Ras al Khaimah. LegalWeek reports that Davis has signed an agreement with the emirate’s ruler, Sheik Saud bin Saqr Al Qasimi, making him the top legal adviser to the government of the UAE’s fourth largest emirate. The Investment and Development Office is charged with implementing Ras al Khaimah’s economic policy and managing its credit rating along with the government’s investments and debt issuances. The office also manages the provision of financial and legal advice to the government.

Davis has faced potential criminal litigation related to his role as Chairman for Dewey, which fell into administration in May 2012. He has settled with the Dewey estate, exempting him from ongoing mismanagement claims.