Restructuring/Insolvency
Global Guide 2024 : United Arab Emirates
Band 1
Contact number
+971 4 438 6100Chambers Review
DLA Piper is widely noted as one of the first international law firms to dedicate significant resources to restructuring and insolvency in the UAE. Its lawyers offer extensive experience assisting creditors, trustees and liquidators with financial restructuring and administration proceedings. The team also acts for company directors on the wind-down of entities and the related negotiation with creditors.
Work Highlights
- DLA Piper represented the liquidators of Joannou & Paraskevaides (Overseas) in regard to disposal of the group's assets and in connection with enforcement proceedings in multiple Middle Eastern countries.
Strengths
Provided by Chambers
"DLA Piper are a market leader in complex and sophisticated engagements, and the go-to player to provide detailed advice and support. The team are incredibly responsive and always available."
"DLA Piper are a market leader in complex and sophisticated engagements, and the go-to player to provide detailed advice and support. The team are incredibly responsive and always available."
Notable Practitioners
James Iremonger has a market-leading practice assisting liquidators and trustees with the financial restructuring of significant regional companies. He heads the regional restructuring group at DLA from his base in Dubai.
"James Iremonger is an excellent restructuring lawyer."
"He gives complete, holistic advice and supports us on incredibly complex matters while ensuring commercial and practical solutions are offered."
"James has provided excellent strategic guidance on large cross-border insolvencies."
Peter Somekh is DLA Piper's managing partner for the Middle East and Africa, as well as co-chair of its global restructuring practice. He frequently acts on large-scale, cross-border financial restructurings, acting for company directors, administrators and trustees.