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Bankruptcy and corporate insolvency cases create challenging legal hurdles that require knowledge and proficiency to navigate, especially when a salvage exercise is involved. Any corporate restructuring process requires a deep understanding of the rights and obligations of all affected parties. With experience in all key industry sectors, our team is equipped to assist you in meeting claim deadlines and will guide you to adeptly fulfill all regulatory provisions, prioritizing the protection of your rights and interests both inside and outside of court.
At AlGhazzawi & Partners, we have over 50 years of experience advising debt and equity financers, borrowers, lenders, arrangers, project sponsors, international financial organizations and export-credit agencies through corporate liquidation, insolvency, and bankruptcy proceedings. Our legal team has tackled some of the most complex legal challenges faced by both domestic and foreign-owned companies across a variety of industries and sectors.
With our Cooperation Agreement with Gowling WLG, we combine our extensive local knowledge with Gowling’s global bankruptcy and insolvency expertise. This allows us to seamlessly serve our clients on multi-jurisdictional matters.
The Regulatory regime covering insolvencies and bankruptcy has recently been revamped in the Kingdom to strengthen protection for creditors. These changes aim to prevent fraud deployed by unscrupulous businesses that siphon funds and dispose of assets to avoid fulfilling their financial obligations. Our practice has evolved and kept pace with the changing legal landscape, and our legal team remains well-versed with the current policy frameworks and regulations here in Saudi Arabia and internationally.
Our team advises on a full range of bankruptcy and insolvency transactions in the Kingdom of Saudi Arabia including closures of businesses owned by national entities and/or international companies. We work closely with company auditors and advisors to ensure that all fiscal requirements are duly met within prescribed time frames, a key to a quick and successful closure. We regularly represent and protect the interests of various stakeholders, including:
Our legal team is committed to facilitating quick solutions for debtors and creditors prior to the dissipation of available assets. Where possible, we help companies continue their operations despite enduring losses while guiding them to fulfill mandatory regulatory requirements to avoid penalties, fines and other punitive actions.
We are experienced in acting as a liquidator for companies opting for voluntary closure as well as those forced by the courts to undergo liquidation. Our experienced legal team ensures that the liabilities of the companies we represent are managed and the rights of creditors are well-served.
Our legal team’s broad experience in general business, corporate and commercial finance, and dispute resolution, makes us uniquely equipped to understand the practicalities of distressed organizations and to develop, in collaboration with our clients, strategies for optimum resolution of their problems.
No matter the situation, our team has the mastery and reach to aid in navigating your bankruptcy or insolvency issues. With offices located in Jeddah, Dammam, and Riyadh, we provide bankruptcy and insolvency services to domestic and international clients across the Kingdom. Contact us to book a consultation.
Let us help you conduct business with confidence. Contact our legal team today for immediate assistance.
It’s an exciting time to start a new business in the Kingdom. Whether you’re a Saudi national with entrepreneurial ambitions or a foreign company assessing the market, we can help.
It’s an exciting time to do business in the Kingdom. Working with the right law firm makes all the difference. Whether you’re a Saudi national with entrepreneurial ambitions or a foreign company assessing the market, we can help.