Corporate Recovery

The recovery of companies is the main goal of the new insolvency law, which goes beyond the purpose of rehabilitating debtors in insolvency proceedings from a viewpoint whereby entering into financial difficulties is not a moral defect but a by-product of the management of commercial life in the modern economy, which is mainly based on raising credit.

The department’s team specializes in accurately identifying the client’s financial problem and knows how to adapt the most appropriate legal-commercial solution to return it to proper operation, while preserving its business and assets as much as possible. The economic-rehabilitation solution also benefits the creditors, who usually benefit from exhausting the debtor’s abilities and maintaining economic-business activity.

In accordance with the new law, the recovery of a company is done via a voluntary debt settlement with creditors yet under court supervision, or alternatively by entering into a full insolvency proceeding purposed by order with rehabilitation and not liquidation.