The firm has handled insolvency matters in the UAE for decades, amassing experience and insights that are unique in the market. The firm has advised lenders and other claimants in respect of the public sector defaults that resulted from the 2008/2009 economic downturn.
Over the years, we have contended with insolvencies under the 2016 Bankruptcy Law, under the Commercial Code prior to that, and under the ad hoc system that existed before that. We have dealt with special tribunals and local and foreign courts, representing liquidators, lenders, shareholders, directors and employees.
Being a UAE-based law firm with unmatched history and depth of experience in the jurisdiction, we are uniquely placed to provide valuable practical insights into the risks and benefits associated with corporate structures in the region, as well as to implement the structures we recommend.
Acting as UAE counsel in three separate high-profile international insolvencies, the three companies are based in either the US, UK and UAE.
Acting as UAE counsel of one of the creditors in the AED 300 million bankruptcy proceedings against a UAE-based company. This was one of the first bankruptcy cases filed before the Dubai courts under the UAE Bankruptcy Law.
Acting as UAE counsel to the main creditor, a global invoice finance platform, in the bankruptcy proceedings against a UAE-based company. This was one of the first bankruptcy cases before the Ras Al Khaimah courts.
