Bankruptcy & Insolvency

At NYK Law Firm, our Insolvency and Bankruptcy division excels in guiding clients through the labyrinth of financial distress and legal complexities. In the UAE, where business dynamics are rapidly evolving, our expertise in insolvency and bankruptcy law is crucial for protecting the interests of all parties involved, whether debtors or creditors.

For Debtors
We provide empathetic yet robust legal representation for debtors. Our services include defending against creditor harassment, debt collection lawsuits, and foreclosure proceedings. We negotiate debt settlements, challenge creditor claims, and pursue legal remedies to protect your rights and assets. Our goal is to offer strategic advice and legal pathways that allow for the restructuring or discharge of debts in a manner that minimizes financial disruption.

For Creditors
We represent creditors vigorously, enforcing their rights to collect debts through litigation, foreclosure actions, repossession, and obtaining judgments. Our expertise also extends to advising on debt restructuring, loan workouts, and other strategies to maximize recovery while managing legal risks effectively.

We pride ourselves on our comprehensive understanding and expertise in the realm of bankruptcy law. Our team possesses in-depth knowledge of Federal Decree-Law No. 9/2016 on Bankruptcy, and we have been at the forefront of navigating its complexities to serve our clients effectively.

Moreover, we stay abreast of the latest developments in bankruptcy legislation, including the enactment of the new Bankruptcy Law - Federal Decree-Law No. 51/2023 concerning Financial Restructuring and Bankruptcy, thereby ensuring that we are well-equipped to provide our clients with strategic counsel and representation tailored to their specific needs.

for more details : https://www.nyk.ae/expertise/services/bankruptcy-lawyers-in-dubai-uae/