Insolvency & Restructuring
Our lawyers are specialists in resolving complex and often high-profile disputes relating to insolvencies and financial restructurings, assisting multinational banks, financial institutions, and corporations in navigating challenging scenarios. We are regularly instructed to act for both claimants and defendants, making us the firm of choice for on-the-ground advice in relation to UAE law and procedures.
With particular experience in advising creditors and banks, we devise solutions, working with licensed insolvency practitioners, banks, lenders, debtor companies and their boards, as well as stakeholders throughout the whole supply chain. Our risk analysis and high-quality project management skills, along with our pragmatic and sensible advice, enable us to ensure the optimal realistic outcome for our clients.
With the new UAE Financial Restructuring and Bankruptcy Law and further significant developments in this area, we are ideally to support clients on the best approach and the most relevant law, regulations, and regimes to apply in each scenario. Furthermore, we facilitate turnarounds and amicable settlements, which help in preventing costly defaults, and assist in disposing of or acquiring assets to protect and preserve value.
Key Contacts
Representative Experience
- Ten local banks in Abu Dhabi Court against KBBO group, Emirates Hospitals, Sheikh Saeed al Qubaisi, and Khalifa Al Muhairi for facilities over 7 billion AED.
- An international law firm's client in trading on bankruptcy against 15 UAE importers worth USD 200 million.
- A European financial service provider's UAE subsidiary in bankruptcy and potential liquidation.
- A polyester company on an AED 3 billion bankruptcy dispute and presenting the restructuring plan to UAE courts.
- A British Virgin Islands e-commerce company on major corporate restructuring, including liquidating two main subsidiaries.
- A big four audit firm on their liability and obligations under UAE bankruptcy law during their winding up applications of one of the main commodity trading firms in the region.
- A Middle East contractor in Dubai Courts for delayed payments worth AED 55.9 million.
- A syndicate on their options in pursuing the best route of recovery by providing a breakdown analysis on the consequences and benefits of applying the UAE bankruptcy law or the insolvency law.
- The defendants in commercial disputes against debtors and guarantors seeking over AED 700 million.
- A multinational contractor in a Geneva ICC Arbitration for non-payments worth AED 76.9 million.
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