Safeguarding Financial IntegrityLegal Support for Insolvency, Liquidation & Business Restructuring
Discover how ATB Legal's experienced team can guide you through the intricate landscape of both insolvency and Anti-Money Laundering (AML) regulations in the UAE. As a leading law firm, we are renowned for delivering high-quality legal services with a deep understanding of local and international compliance requirements.
Comprehensive insolvency solutions to rebuild and refortify; anti- money laundering (AML) compliance, diligence and defence.
- Service Overview
ATB Legal supports businesses in navigating the complexities of insolvency, liquidation, business restructuring, and distressed-asset management across the UAE mainland and financial free zones, including ADGM and DIFC. Our services are designed to protect your organisation from legal, financial, and operational risks while ensuring full compliance with applicable regulatory frameworks.
Whether your company is experiencing financial distress, planning an orderly wind-down, negotiating with creditors, or restructuring for continued viability, our team provides pragmatic, commercially grounded solutions. With deep sector expertise and an understanding of evolving regional laws, ATB Legal delivers timely, strategic guidance that helps organisations maintain stability, credibility, and long-term resilience.
- Service Details & Sub-Services
ATB Legal provides comprehensive legal support for businesses facing insolvency or liquidation scenarios, or those seeking to proactively restructure to ensure operational sustainability. Our approach emphasizes clarity, regulatory accuracy, and commercially sound strategies that help clients meet their statutory obligations while protecting stakeholder interests.
Insolvency, Liquidation & Restructuring Services
Financial distress may arise due to market pressures, operational challenges, or external disruptions. We assist clients in navigating voluntary, court-supervised, and free-zone-specific procedures under UAE law and the distinct regimes of ADGM and DIFC.
Key Services Include:
- Corporate Restructuring & Recovery Plans
We assess the financial condition of the business, identify risks, and develop restructuring strategies—such as operational changes, capital restructuring, creditor arrangements, or management restructuring—to preserve business value and ensure continuity.
- Manager / Directors’ Duties & Liability Advisory
During financial distress, authorised representative of the company which may be the manager or director face heightened legal obligations. We guide management through statutory requirements, risk mitigation, and governance standards to ensure compliance and reduce exposure to personal liability.
- Formal Insolvency & Liquidation Proceedings
Our team advises on the initiation, administration, and completion of liquidation or bankruptcy proceedings, including voluntary liquidation, court-ordered winding-up, rehabilitation procedures, and cross-border insolvency issues.
- Creditor Negotiations & Settlement Support
We assist in negotiating structured settlements, standstill agreements, debt restructuring, and repayment plans aimed at preserving the business or enabling an orderly liquidation process. Our goal is to achieve outcomes that balance commercial feasibility with legal compliance.
- Distressed Asset Management & Sale Support
We help clients manage or dispose of assets during insolvency or liquidation to maximise value and ensure transparent, compliant transactions.
- Regulatory Compliance During Insolvency
We support entities in fulfilling all statutory reporting, notification, and procedural obligations required by relevant regulatory authorities throughout the insolvency or liquidation process.
FAQFrequently Asked Questions-Insolvency, Liquidation & Business Restructuring
- What is the difference between insolvency, liquidation, and restructuring?
- Insolvency refers to a company’s inability to pay its debts when they fall due.
- Liquidation is the formal process of winding down a company and distributing its assets to creditors and shareholders.
- Restructuring involves reorganising operations, debt, or ownership to restore financial stability and potentially avoid liquidation.
- What triggers insolvency proceedings in the UAE?
Companies must initiate insolvency procedures when they become unable to meet debt obligations or when accumulated debt exceeds available assets. Failure to act may lead to legal consequences, including penalties for directors.
- What are Manager/ directors’ responsibilities during financial distress or liquidation?
Directors must:
- Take reasonable steps to minimise losses to creditors
- Avoid wrongful or fraudulent trading
- Maintain accurate records
- Act in the best interests of creditors once insolvency becomes likely
Uncompromising Quality Why Choose ATB for Insolvency & Liquidation Services?
- Deep Knowledge of UAE, DIFC, and ADGM Frameworks
Our team combines legal expertise with extensive experience handling insolvency matters across multiple jurisdictions and sectors.
- Commercially Focused, Practical Solutions
We prioritise strategies that protect organisational value, minimise operational disruption, and facilitate efficient restructuring or liquidation.
- Cross-Functional Expertise
With specialists in corporate law, finance, dispute resolution, and regulatory compliance, we deliver integrated support for complex or multi-jurisdictional matters.
- Transparent & Client-Centric Approach
We emphasise proactive communication, clear documentation, and efficient processes to ensure clients remain fully informed at every stage.
- Proven Track Record
Our team has supported SMEs, MNCs, regulated firms, and family-owned businesses through restructuring exercises, voluntary liquidations, court proceedings, and creditor settlements.
Meet The Core Team
Our Team of
Lawyers and Experts
Ajay Denny
LLM
George Mathew
Abhijith Krishna
Micro Case Studies
Representative Experience
• Free Zone Entity – Manager Misconduct & Insolvency Support
A client registered in a UAE free zone encountered severe financial difficulties due to mismanagement by its appointed Manager, who had acted without the knowledge or approval of the company’s owners. ATB Legal assisted the client in removing the Manager from his position, initiating appropriate action for the misconduct, and representing the company in negotiations with its creditors. Through structured settlement discussions and a proactive insolvency strategy, ATB Legal helped the parties reach mutually acceptable terms. As a result, the company successfully overcame its financial and legal challenges and returned to operational stability.
• Dubai Mainland Company – Liquidation Blocked by Non-Cooperating Foreign Shareholder
In another matter, a Dubai mainland company—where a 50% shareholder was a foreign entity based in China—faced prolonged losses and sought voluntary liquidation. However, the foreign shareholder failed to respond to multiple requests required to initiate the voluntary winding-up process. ATB Legal intervened by securing a liquidation order through the competent UAE court, enabling the liquidation to proceed despite the non-cooperation. The team then completed the full winding-up process with the Dubai Department of Economy and Tourism (DET). This allowed the client to formally close the loss-making business and fulfil all legal obligations without further delays.
A client registered in a UAE free zone encountered severe financial difficulties due to mismanagement by its appointed Manager, who had acted without the knowledge or approval of the company’s owners. ATB Legal assisted the client in removing the Manager from his position, initiating appropriate action for the misconduct, and representing the company in negotiations with its creditors. Through structured settlement discussions and a proactive insolvency strategy, ATB Legal helped the parties reach mutually acceptable terms. As a result, the company successfully overcame its financial and legal challenges and returned to operational stability.
• Dubai Mainland Company – Liquidation Blocked by Non-Cooperating Foreign Shareholder
In another matter, a Dubai mainland company—where a 50% shareholder was a foreign entity based in China—faced prolonged losses and sought voluntary liquidation. However, the foreign shareholder failed to respond to multiple requests required to initiate the voluntary winding-up process. ATB Legal intervened by securing a liquidation order through the competent UAE court, enabling the liquidation to proceed despite the non-cooperation. The team then completed the full winding-up process with the Dubai Department of Economy and Tourism (DET). This allowed the client to formally close the loss-making business and fulfil all legal obligations without further delays.
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