insolvency
Both Maltese and UAE law impose specific duties on directors once a company approaches insolvency, including obligations not to continue trading in a way that worsens the position of creditors. We advise boards early, since acting promptly on this advice significantly reduces personal liability risk.
Yes, though the specific process depends on where the debtor's assets are located and whether formal insolvency proceedings have commenced in either jurisdiction. We advise on the most effective recovery route for the specific circumstances involved.
Not always, restructuring only makes sense where there is a genuine, realistic path back to viability. Where that path doesn't exist, an orderly formal insolvency process is often the more responsible route for both the company and its creditors.
Both jurisdictions apply their own statutory priority rules determining the order in which different classes of creditor are paid from available assets. We advise creditors on where their specific claim ranks and what that means practically for likely recovery.
process