Insolvency/Bankruptcy Lawyer in Dubai
Work with an insolvency/bankruptcy lawyer in Dubai at Alateibi Advocates for corporate restructuring, debt recovery, and liquidation proceedings. Our team handles financial distress matters under UAE Federal Law No. 9 of 2016 (Bankruptcy Law) and DIFC Insolvency Law.
What We Do
- Represent debtors and creditors in UAE bankruptcy proceedings and preventive composition
- Handle liquidation processes under Dubai Courts and DIFC Courts supervision
- Negotiate debt restructuring agreements with banks and financial institutions
- Manage creditor meetings and voting procedures under UAE Bankruptcy Law
- Coordinate with bankruptcy trustees and court-appointed administrators
- Draft settlement proposals and composition agreements for distressed businesses
How We Help
- Assess financial distress situations and recommend appropriate legal remedies
- Prepare bankruptcy petitions and supporting documentation for court filing
- Navigate creditor protection procedures and automatic stay provisions
- Coordinate with UAE Central Bank and Securities and Commodities Authority requirements
Corporate Insolvency and Restructuring Services
Bankruptcy Proceedings Under UAE Law
Our insolvency/bankruptcy lawyer in Dubai guides companies through formal bankruptcy procedures established under Federal Law No. 9 of 2016. We handle preventive composition applications for businesses seeking court protection while restructuring operations. For companies facing liquidation, our team manages the entire process from petition filing through asset distribution to creditors.
Debt Restructuring and Composition
- Structure out-of-court settlements with creditor committees
- Negotiate payment deferrals and principal reductions with UAE banks
- Handle composition agreements requiring creditor approval under UAE law
- Coordinate with Central Bank for banking sector debt restructuring
DIFC and Free Zone Insolvency
DIFC Insolvency Proceedings
When dealing with DIFC-incorporated entities, our insolvency/bankruptcy lawyer in Dubai navigates specialized procedures under DIFC Insolvency Law. We represent parties in DIFC Courts insolvency proceedings and handle cross-border recognition of foreign insolvency orders. Our team coordinates with DIFC Companies Registrar for corporate dissolution and striking-off procedures.
Free Zone Liquidation
- Handle voluntary and compulsory liquidation in Dubai International Financial Centre
- Manage Abu Dhabi Global Market insolvency procedures
- Coordinate with free zone authorities for license cancellation and asset recovery
- Address cross-jurisdictional issues between onshore and offshore entities
Creditor Rights and Debt Recovery
Creditor Representation
As your experienced insolvency lawyer Dubai, we protect creditor interests throughout bankruptcy proceedings. We file proof of debt claims, participate in creditor meetings, and challenge fraudulent transfers or preferential payments. Our team ensures proper creditor classification and voting rights under UAE Bankruptcy Law provisions.
Asset Recovery and Enforcement
- Trace and recover assets through UAE courts and international cooperation
- Challenge voidable transactions and director misconduct claims
- Enforce security interests and guarantees in insolvency contexts
- Coordinate with bankruptcy trustees for asset realization and distribution
Director and Officer Liability
Personal Liability Assessment
Our qualified bankruptcy attorney Dubai advises directors on potential personal liability under UAE Commercial Companies Law. We assess wrongful trading claims, breach of fiduciary duty allegations, and criminal liability exposure. For directors facing disqualification proceedings, we provide defense representation and mitigation strategies.
Corporate Governance in Distress
- Advise boards on duties during financial distress periods
- Handle shareholder disputes arising from insolvency situations
- Coordinate with auditors and regulatory authorities during distress periods
- Manage disclosure obligations to creditors and stakeholders
Cross-Border Insolvency Matters
International Recognition Procedures
When handling multinational insolvency cases, our insolvency/bankruptcy lawyer in Dubai coordinates recognition of foreign proceedings under UAE law. We manage parallel proceedings across multiple jurisdictions and handle conflicts between different insolvency regimes. Our team works with foreign representatives and coordinates asset recovery across borders.
Regional Coordination
- Handle GCC cross-border insolvency recognition
- Coordinate with Saudi Arabia and other regional bankruptcy courts
- Manage asset tracing across Middle East jurisdictions
- Address conflicts between Sharia law and foreign insolvency principles
Regulatory Compliance and Reporting
UAE Bankruptcy Law Compliance
- Ensure proper filing of financial statements and creditor notifications
- Handle regulatory reporting to UAE Ministry of Economy and relevant authorities
- Coordinate with Securities and Commodities Authority for listed company insolvencies
- Manage Central Bank notifications for banking and financial services entities
Court Procedures and Documentation
- Prepare comprehensive bankruptcy petitions and supporting schedules
- Draft creditor circulars and meeting notices under UAE procedural requirements
- Handle court appearances and procedural compliance throughout proceedings
- Coordinate with court-appointed experts and bankruptcy trustees
Business Liquidation Services Across Dubai
Mainland and Free Zone Coverage
Our Dubai insolvency practice extends across key business districts including Downtown Dubai, Business Bay, and Dubai International Financial Centre. We handle voluntary liquidations for companies in Dubai Multi Commodities Centre, Jebel Ali Free Zone, and other specialized economic zones. This comprehensive coverage ensures seamless insolvency proceedings regardless of your business location.
Sector-Specific Expertise
- Financial services liquidation in DIFC and onshore Dubai
- Trading company insolvency in traditional commercial areas
- Technology sector restructuring in Dubai Internet City
- Real estate development insolvency across Dubai’s property markets
Who We Support
Whether you need an insolvency/bankruptcy lawyer in Dubai for corporate restructuring or creditor protection, we support UAE companies facing financial distress, international businesses with Dubai operations, banks and financial institutions pursuing debt recovery, directors and officers managing liability exposure, creditors seeking asset recovery, and investors acquiring distressed assets.
How It Works
Step 1: Financial Assessment
Review financial position, analyze legal options, evaluate restructuring potential
Step 2: Strategy Development
Working with our Dubai corporate restructuring lawyer, we develop comprehensive restructuring or liquidation strategies
Step 3: Implementation and Proceedings
File necessary applications, negotiate with creditors, manage court procedures
Step 4: Resolution and Recovery
Complete restructuring plans, distribute assets, achieve debt discharge
Frequently Asked Questions
Companies should consider bankruptcy when unable to pay debts as they fall due, facing creditor pressure, or needing court protection for restructuring.
Look for lawyers with UAE bankruptcy law experience, creditor representation background, and knowledge of Dubai Courts and DIFC procedures.
Seek lawyers with UAE law qualifications, bankruptcy law specialization, court admission in Dubai and DIFC, and experience with Central Bank and regulatory procedures.
Preventive composition allows restructuring while maintaining business operations. Bankruptcy involves formal insolvency proceedings with potential liquidation.
Preventive composition typically takes 6-18 months. Liquidation proceedings may extend 2-4 years depending on asset complexity and creditor disputes.
Fees depend on case complexity and duration. We provide transparent fee structures and discuss costs during initial consultations.
Yes, directors may face personal liability for wrongful trading, breach of duties, or fraudulent conduct during financial distress periods.
Yes, foreign creditors have equal treatment rights under UAE Bankruptcy Law, subject to proper claim filing and procedural compliance.
Employee claims receive priority treatment under UAE Labor Law. Severance and salary obligations are protected in insolvency proceedings.
Engage legal counsel early when financial difficulties arise to explore all available options before situations deteriorate further.
