The Commercial Bankruptcy Law aims at assisting financially troubled businesses and providing protection to creditors and shareholders. The commercial law in UAE thus protects the economic and business environment in the region. The UAE Bankruptcy Law or Federal Law 9 of 2016 was introduced with the belief that it will go a long way in improving investor confidence in the UAE. And it was proven when the first firm utilized the benefits of the UAE bankruptcy law and got restructured in March 2019.
We at Bin Eid Advocates and Legal Consultants, serve our clients seeking relief as a creditor, debtor, or in any other capacity if they are threatened by legal problems related to bankruptcy and insolvency in Dubai and other parts of UAE. Our team of commercial bankruptcy lawyers in UAE has a great deal of experience in dealing with bankruptcy, liquidation, or insolvency matters. We have represented several business houses to date and counsel clients in structuring transactions properly to avoid or mitigate bankruptcy.
If you are someone whose business needs the expertise of an experienced law firm, then look no further. Our law firm was established in 1999, and most of our lawyers have experience of over 20 years in this field. Bin Eid Advocates and Legal Consultants is often the first choice when it comes to deciding on declaring commercial bankruptcy. Most of the clients do not realize the bankruptcy law was amended to protect the interest of both owners and creditors. It is not something to be dreaded, but an excellent option that also opens the door for restructuring the firm. Earlier business owners use to flee the country to avoid jail term or hefty fines. However, the landmark UAE bankruptcy law has changed all that.
Our lawyers in UAE make sure that our work meets the highest level of standards. With over 20 years of legal practice, we can provide you the assistance you require. We emphasize on being with you through the complete process, which includes filing or defending the corporate insolvency, process application, assisting in restructuring/revival, handling insolvency process, and litigation. You can visit our offices in Dubai, Sharjah, Abu Dhabi, Ajman, and RAK, and meet our lawyers and clarify any further doubts. If in case, you have any issues in travelling then you can avail of our exclusive service, Paid Legal Consultation Over The Phone. Through this service, you can discuss your legal problems with our senior expert lawyers over the telephone from anywhere. If you are a lady looking for female lawyers, we have a team of female lawyers.
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