Corporate and Commercial Law

Bankruptcy & Insolvency

Our team has extensive experience advising on both general and distressed restructuring, as well as initiating bankruptcy proceedings. We assist clients with the renegotiation and refinancing of banking facilities, restructuring equity stakes, and navigating insolvency and enforcement processes.

In addition to structuring and executing refinancing arrangements, we collaborate closely with financial consultants to offer comprehensive advice to all business stakeholders in distressed situations.

Notable transactions

  • Advised an individual on an insolvency petition under the Insolvency Act, 1920.
  • Counseled a hospitality business on declaring bankruptcy and exploring bankruptcy protection options.
  • Provided guidance to a GCC business house on potential restructuring options in the event of insolvency.
  • Advised a GCC entity on dealing with a shareholder default, negotiating the restructuring of the company through dilution of the defaulting shareholder's equity, and handling the necessary arrangements, including convening an EGM and obtaining government approvals/filings.
  • Assisted a GCC group with the corporate restructuring of multiple group companies across Oman and another GCC country.
  • Supported a Middle Eastern airline in restructuring and establishing group companies, including conducting pre-restructuring due diligence.
  • Advised integrated power companies in the GCC on restructuring project companies, carrying out due diligence on project and financing contracts, usufruct agreements, and insurance policies, as well as advising on the regulatory changes necessary for restructuring the electricity sector.

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