Practice Area
Restructuring, Insolvency & Bankruptcy
Strategic legal advice for businesses and stakeholders navigating business distress, debt restructuring and insolvency, from early assessment and out-of-court solutions to formal bankruptcy processes.
Overview
We advise businesses, shareholders, creditors and investors on business distress, debt restructuring, insolvency and bankruptcy matters. Our work begins with early assessment of the business and its legal position, helping stakeholders evaluate available options and determine whether financial restructuring, out-of-court debt arrangements or formal bankruptcy procedures provide the most appropriate path forward.
We provide legal support throughout commercial debt restructuring and rescheduling, creditor and stakeholder arrangements, bankruptcy applications and court-supervised processes. Our work also extends to voluntary liquidation and forensic analysis of potential bankruptcy offences, combining preventative advice, restructuring solutions and formal insolvency support within a single practice.
Key Areas of Work
Early Bankruptcy Assessment
Commercial Debt Restructuring
Out-of-Court Debt Arrangements
Business Distress Advisory
Creditor & Stakeholder Advisory
Bankruptcy Offences & Forensics
Trustee Decisions & Misconduct Advisory
Court-Supervised Bankruptcy Filings
Voluntary Liquidation
Selected Experience
Experience across restructuring, insolvency and bankruptcy matters
A selection of matters and projects reflecting the experience of the Lawarche legal team, including work undertaken by our consultants in senior roles prior to joining the firm.
Financial Reorganisation — Listed Companies
Advised on the commencement of court-supervised financial reorganisation proceedings for Al-Khodari and Wafa Insurance, two companies listed on the Saudi capital market.
Bankruptcy Offences & Forensics
Provided legal support to bankruptcy trustees in forensic examinations of transactions and conduct undertaken by debtors before or during bankruptcy proceedings, and independently assessed allegations of bankruptcy offences involving debtors and related parties.
Insolvency & Liquidation Assessment — GCC
Advised companies across multiple GCC jurisdictions on their legal position to determine whether voluntary liquidation remained available or whether formal court-supervised liquidation under the applicable bankruptcy regime was required.
Out-of-Court Debt Restructuring — GCC
Assessed the level of business distress and the viability of out-of-court restructuring for businesses across the GCC, and advised clients on restructuring priorities and negotiations with creditors, including a group of banks in Saudi Arabia, resulting in successful consensual settlements.
Bankruptcy Offences & Cross-Border Advisory — Saudi Arabia / UK
Provided legal support to a debtor with liabilities exceeding the equivalent of approximately £990 million in assessing claims involving alleged bankruptcy offences and defending its legal position. The work included advisory support in relation to proceedings brought by the bankruptcy trustee in the United Kingdom, focusing on the trustee’s authority to pursue claims before the UK courts and the applicability of Saudi bankruptcy rules in those proceedings.
Bankruptcy Trustee Decisions & Conduct — Saudi Arabia
Provided legal advisory support in one of Saudi Arabia’s most complex bankruptcy cases, involving liabilities exceeding the equivalent of approximately £5 billion, in relation to the bankruptcy trustee’s conduct and decisions. Our work contributed to the successful challenge and reversal of certain trustee decisions and, ultimately, to the trustee’s removal.
Discuss a Restructuring or Insolvency Matter
Speak with our team about financial distress, debt restructuring, creditor rights, bankruptcy proceedings or liquidation.