Insolvency & Restructuring

Insolvency

Economic conditions, unexpected events and managerial errors are common issues leading businesses to face financial challenges. When navigating difficulties, it is important to seek advice from experienced legal advisors, who have a deep understanding of your commercial environment, and can help you overcome complex situations.

The Galadari insolvency team have assisted several local and international entities on restructuring initiatives and informal workouts, we help businesses identify the best opportunities in critical conditions and minimise financial risk and the risk of liability being incurred by directors and other stakeholders.

It is challenging when joint ventures face insolvency, particularly when there are international parties involved, however at Galadari we are best placed to ensure that our clients are well represented. We have represented both debtors and creditors from region and international organisations, in both the public and private sector, as well as individual clients. Our range of services ensure the successful restructuring of businesses, which includes advice involving debt restructuring, directors duties, mediation between debtors and creditors, disposals and consolidations, and if required, advising on bankruptcy.

We have an impressive track record in acting for licensed insolvency practitioners, banks and other lenders, debtor companies and their boards, and trade creditors. Our deep industry knowledge and longstanding practice are an asset for clients facing difficulties in the region. We tap into additional expertise wherever needed, working closely with colleagues specialising in corporate, tax, employment, real estate and intellectual property.

We regularly work with financial institutions and debtors, offering guidance and practical solutions to ensure both parties achieve the best possible outcome. Corporate governance in the UAE is focused mainly on listed companies. At Galadari our lawyers help our clients with their corporate entities in the forms of LLCs, PJSCs, free zone companies and partnership organisations, in both the public and private sector.

The insolvency team work closely with our disputes resolution practitioners, who are on hand to advise and protect clients when matters become contentious, which can include restructuring or JV disputes. Our dispute resolution team are experts in assisting clients in disputes arising from restructuring and insolvency situations, including in contesting court decisions issued in insolvency proceedings.