We advise clients facing financial difficulties in their entities and follow up on bankruptcy proceedings based on Federal Decree No. (9) of 2016 on bankruptcy, which has been effective as of 2017.
The Bankruptcy Law regulates various bankruptcies and defines the legal tools necessary to restructure the debtor's business. Financial restructuring, and the possibility of obtaining new loans under conditions determined by law and legal framework.
TAD-QEEQ is one of the first consultants to manage bankruptcy files in the UAE courts.
Bankruptcy Consulting
Provide advice to the client facing financial difficulties by studying the financial situation and assessing whether it is sufficient and appropriate to prepare a file for filing the application for bankruptcy approval. Based on the provisions of the bankruptcy law.
Prepare bankruptcy file
Prepare the bankruptcy file and include the necessary data required to apply for approval to commence bankruptcy proceedings to the competent court.
Appointment of the Bankruptcy Secretary
Assist the client in case of accepting his request by the court to nominate the bankruptcy secretary.