
NYK LAW FIRM
At NYK Law Firm, our team of top bankruptcy and insolvency lawyers are experts in bankruptcy and insolvency-related matters. Our lawyers have extensive experience in advising clients regarding bankruptcy issues.
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THE BEST BANKRUPTCY AND INSOLVENCY LAWYERS IN DUBAI
At NYK Law Firm, we provide specialized legal services in bankruptcy and insolvency law. Our team of experienced insolvency lawyers helps businesses and individuals navigate corporate liquidation, debt restructuring, and bankruptcy proceedings. Our expert team offers comprehensive services for business insolvency, corporate liquidation, and debt restructuring. We assist clients in mitigating financial risks while ensuring full compliance with UAE insolvency laws.
Our Services

Insolvency Advisory Services
We offer expert insolvency advisory services to individuals and businesses facing financial distress. Our tailored strategies aim to mitigate insolvency risks and safeguard client interests through contingency planning.

Bankruptcy Advisory Services
Our team represents debtors, creditors, and stakeholders in corporate bankruptcy cases. We handle bankruptcy petitions, court proceedings, and guide clients through the liquidation process.

Debt Restructuring
We specialize in debt restructuring, advising on debt refinancing, repayment plans, and negotiating favorable terms with creditors. Our lawyers ensure the best outcomes during debt negotiations.

Financial Regulations and Licensing
We assist clients in obtaining licenses and approvals from authorities like the UAE Central Bank and DFSA. Our team ensures compliance with securities laws, capital market regulations, and handles regulatory investigations.

Corporate Bankruptcy
We provide comprehensive support in corporate bankruptcy, including voluntary liquidations, corporate reorganizations, and advising directors and stakeholders during insolvency cases.

Personal Insolvency
With expertise in UAE insolvency laws, we guide individuals through personal insolvency, from debt assessments to restructuring and negotiating with creditors to regain financial stability.
About Us
NYK Law Firm is a leading full-service law firm in Dubai, UAE. Our team comprises international lawyers with over 26 years of experience and two Emirati lawyers with multilingual abilities having the right to audience before all the UAE Courts. Consult the best lawyers in Dubai who are committed to providing tailored solutions for the client's needs. We are one of the top law firms in Dubai, which aim to provide quality service to our clients.Our best lawyers are powered by a passion for delivering exceptional legal services. We strongly believe in constant learning to stay ahead of the curve. Our best lawyers in Dubai will work closely with our clients to identify their legal issues. Our team guides each client and provides the best solution. As one of the best law firms in Dubai, we are committed to driving progress and providing expert legal advice to our clients.
Expert Insolvency Lawyers
Our team of insolvency lawyers in Dubai has deep expertise in managing complex insolvency and bankruptcy cases for both businesses and individuals.
Tailored Legal Strategies
We provide customized legal solutions for bankruptcy proceedings, corporate liquidation, and debt restructuring.
Track Record
With years of experience, we have successfully represented clients in various insolvency cases, helping them navigate legal complexities and achieve favorable outcomes.

Matters We Handled

Voluntary Liquidation of BVI Company Subsidiary
Provided strategic counsel to a UAE subsidiary of a British Virgin Island company for initiating voluntary liquidation, coordinating with auditors and the Ministry of Economy for a seamless wind-up and compliance with UAE regulations.

Personal Insolvency Filing in Dubai
Advised an individual on filing a voluntary insolvency petition before the Dubai Courts, preparing a financial report as per Federal Decree-Law No. 19/2019 on Insolvency, ensuring a smooth process towards debt relief.

Bankruptcy Proceedings for Operational Creditor
Represented an Operational Creditor in the bankruptcy of Drake and Scull International PJSC, successfully filing a claim of AED 1.5 million and actively participating in creditor meetings to secure a favorable resolution.
Awards And Recognition
What Our Clients Say
FAQ
1. What is the process for filing for insolvency in Dubai?
Filing for insolvency in Dubai involves submitting a petition to the court, providing a detailed financial report, and adhering to the requirements of Federal Decree-Law No. 19/2019 on Insolvency. An experienced insolvency lawyer can guide you through the process.
2. How can a lawyer help with corporate liquidation in the UAE?
A corporate liquidation lawyer assists with the entire process, from initiating voluntary liquidation to managing creditor negotiations and ensuring compliance with UAE regulations, ensuring a smooth wind-up of the business.
3. What’s the difference between insolvency and bankruptcy?
Insolvency refers to a financial state where a person or company cannot pay debts, while bankruptcy is the legal process to resolve insolvency through court proceedings, either for debt relief or business restructuring.
4. Can individuals file for personal insolvency in the UAE?
Yes, individuals can file for personal insolvency under Federal Decree-Law No. 19/2019, which allows debtors to seek financial relief through court proceedings. A personal insolvency lawyer can assist in filing and negotiations with creditors.
5. What are avoidance transactions in insolvency law?
Avoidance transactions refer to transactions that can be reversed by the court if deemed unfair or detrimental to creditors before insolvency proceedings. Insolvency lawyers help identify and address such issues during insolvency cases.
6. How can a bankruptcy lawyer assist creditors?
A bankruptcy lawyer represents creditors during bankruptcy proceedings, helping them file claims, negotiate with debtors, and participate in creditor committee meetings to ensure their interests are protected.