Restructuring & Insolvency
Restructuring and Insolvency in the UAE
The financial distress does not necessarily imply the demise of a business. By employing the appropriate legal strategy, the companies can stabilise operations, secure assets, and resume profitability. We are RH & HALE, full-service Restructuring and Insolvency Services in the UAE, guiding businesses, directors, creditors, and investors through difficult financial situations in a clear and confident manner.
Our team operates under the context of the UAE Bankruptcy Law (Federal Decree-Law No. 9 of 2016, as amended) and other commercial regulations and provides pragmatic solutions to address the legal requirements and the business realities.
Free Consulting
Schedule a free consultation to discuss your legal matter with an experienced attorney. We’ll review your situation, explain your options, and help you understand the best path forward at no cost and no obligation.
Rebuilding and Reorganization of Business in the UAE
When a firm starts experiencing liquidity problems, early intervention is essential. Our enterprise value-preservation business restructuring and reorganization services are catered to guarantee compliance with UAE corporate and insolvency laws.
Our Restructuring Services Include:
- Restructuring of the finances and debt rescheduling
- Organizational restructuring and corporate restructuring
- Creditor and financial institution negotiation
- Educational composition measures
- Planning strategic turnaround
According to the UAE legislation, financially challenged companies can seek preventive composition before insolvency develops. This is a legal tool that enables businesses to be able to arrange settlement packages with their creditors under the supervision of the court and operate.
We review your financial status, survey your contractual duties, and prepare restructuring plans in accordance with the requirements of the UAE Commercial Companies Law and the Bankruptcy Law. We intend to assist the businesses to get back on track and to safeguard the directors against possible liability.
Insolvency Advisory & Risk Mitigation
In cases when restructuring is no longer possible, timely consultation on insolvency becomes necessary in order to address risk and reduce exposure.
Our insolvency advisory services in the UAE aid:
- Companies experiencing cash flow insolvency
- Directors who are worried about wrongful trading
- Creditors desiring to collect outstanding debts
- Shareholders considering liquidation
We provide clear guidance on:
- Voluntary liquidation processes
- Bankruptcy is led by the court
- Mechanisms of enforcement and rights of creditors
- Asset protection plans
- Transnational insolvency
The UAE Bankruptcy Law offers procedural measures on liquidation and reorganization of finances. These processes can only be negotiated with specific legal knowledge especially in cases involving two or more creditors, guarantees or international stakeholders.
Our advisory philosophy puts emphasis on transparency, compliance, and reduction of reputational risk.
Litigation in Insolvency Procedures
The cases of insolvency are fraught with complicated court cases, disputes with creditors, and regulatory inquiries. RH & HALE delivers effective law services during insolvency, cases before the UAE courts and the concerned judicial bodies.
We represent:
- Bankruptcy filings of debtor companies
- Creditors in recovery and enforcement proceedings
- Directors in tort cases
- Investors in realignment talks
The litigation team deals with paperwork, court filings, bargaining, and settlements. In cases of a conflict over the allocation of assets, preference transactions, or claims of fraudulent conveyances, we offer strategic representation, and it is backed by financial analysis and procedural experience.
Our mission is to protect your legal status and adhere to the legal requirements.
Expertise in the Mainland and Freezone Insolvency Laws
In cases when restructuring is no longer possible, timely consultation on insolvency becomes necessary in order to address risk and reduce exposure.
Our insolvency advisory services in the UAE aid:
- Companies experiencing cash flow insolvency
- Directors who are worried about wrongful trading
- Creditors desiring to collect outstanding debts
- Shareholders considering liquidation
We provide clear guidance on:
- Voluntary liquidation processes
- Bankruptcy is led by the court
- Mechanisms of enforcement and rights of creditors
- Asset protection plans
- Transnational insolvency
The UAE Bankruptcy Law offers procedural measures on liquidation and reorganization of finances. These processes can only be negotiated with specific legal knowledge especially in cases involving two or more creditors, guarantees or international stakeholders.
Our advisory philosophy puts emphasis on transparency, compliance, and reduction of reputational risk.
Why Choose RH and HALE for Restructuring and Insolvency?
We integrate commercial understanding and legal accuracy at RH & HALE. Monetary distress demands cool and thoughtful counsel rather than responsive actions.
Risk assessment through preliminary risk analysis to court representation, we offer:
- Real-world, prescriptive guidance
- Effective communication during proceedings
- Effective negotiating and litigating skills
- Professional and confidential treatment of sensitive issues
When your business is in financial trouble, you need timely legal counsel to either recover or shut down. Call RH & HALE, advocates in Dubai to have a confidential consultation with us today and guard your business interests.
FAQs – Restructuring and Insolvency
What is the meaning of preventive composition in the UAE law?
It is a reorganization process that is under court supervision, enabling a financially stressed company to enter into negotiations with creditors to proceed with its business.
In which cases should a company declare bankruptcy in the UAE?
It should seek legal advice as soon as it cannot fulfill its obligations and restructuring is not an option any longer.
Is there any personal liability of directors during insolvency?
Directors can be liable in some situations for wrongful trading or mismanagement. Pre-litigation law advice minimizes risk.
Are there the same laws governing the insolvency of free zone companies?
No. DIFC and ADGM are subject to different insolvency rules, different to those of the mainland UAE.
May creditors invoke insolvency?
Yes. Creditors can also apply to the court in the event of meeting statutory requirements as stipulated in the Bankruptcy Law.