We represent distressed companies in restructuring, preventive settlement, or bankruptcy proceedings under the provisions of the new Bankruptcy Law No. 71 of 2020, and we work to protect the interests of creditors or debtors by managing the process from initiation to final judgment—including asset management, debt renegotiation, and temporary suspension of legal claims.

 

Taqneen Law Firm offers comprehensive professional representation in this area, including:

• Assessing the legal and financial position of distressed companies, analyzing the associated legal risks of continuing operations or opting for settlement or bankruptcy.
• Providing legal advice in choosing the most appropriate legal route—restructuring, preventive settlement, or formal bankruptcy—based on the nature of the liabilities and business structure.
• Drafting and filing restructuring or settlement petitions before the competent court, and following up on the process in accordance with the procedural framework of the new law.
• Representing the company, creditors, or investors in bankruptcy proceedings, including objections to asset distributions, registration of debts, or challenges to certain debtor transactions.
• Advising on protecting the company’s board members or directors from personal liability during periods of financial distress or after a bankruptcy judgment.
• Negotiating acquisitions of distressed companies or their assets within the framework of bankruptcy, ensuring the transaction is legally safe and equitably structured.

We have closely followed the implementation of the new law since its enactment and have successfully delivered strategic solutions that preserve business continuity and bring companies back on track.