{"id":3189,"date":"2024-09-05T12:40:21","date_gmt":"2024-09-05T12:40:21","guid":{"rendered":"http:\/\/veritas-law.devg10.com\/?page_id=3189"},"modified":"2024-09-05T12:44:39","modified_gmt":"2024-09-05T12:44:39","slug":"service-restructuring-and-insolvency","status":"publish","type":"page","link":"http:\/\/veritas-law.devg10.com\/index.php\/service-restructuring-and-insolvency\/","title":{"rendered":"Service &#8211; Restructuring And Insolvency"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-page\" data-elementor-id=\"3189\" class=\"elementor elementor-3189\">\n\t\t\t\t<div class=\"elementor-element elementor-element-28418683 e-flex e-con-boxed wpr-particle-no wpr-jarallax-no wpr-parallax-no wpr-sticky-section-no e-con e-parent\" data-id=\"28418683\" data-element_type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;,&quot;_ha_eqh_enable&quot;:false}\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-2229fcf6 e-flex e-con-boxed wpr-particle-no wpr-jarallax-no wpr-parallax-no wpr-sticky-section-no e-con e-child\" data-id=\"2229fcf6\" data-element_type=\"container\" data-settings=\"{&quot;_ha_eqh_enable&quot;:false}\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-22e2bc4f e-flex e-con-boxed wpr-particle-no wpr-jarallax-no wpr-parallax-no wpr-sticky-section-no elementor-invisible e-con e-child\" data-id=\"22e2bc4f\" data-element_type=\"container\" data-settings=\"{&quot;animation&quot;:&quot;fadeIn&quot;,&quot;_ha_eqh_enable&quot;:false}\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-5e4f5afc elementor-widget elementor-widget-image\" data-id=\"5e4f5afc\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.22.0 - 26-06-2024 *\/\n.elementor-widget-image{text-align:center}.elementor-widget-image a{display:inline-block}.elementor-widget-image a img[src$=\".svg\"]{width:48px}.elementor-widget-image img{vertical-align:middle;display:inline-block}<\/style>\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"23\" height=\"2\" src=\"http:\/\/veritas-law.devg10.com\/wp-content\/uploads\/2024\/07\/line.png\" class=\"attachment-full size-full wp-image-2744\" alt=\"\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-17bb9759 elementor-widget elementor-widget-heading\" data-id=\"17bb9759\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.22.0 - 26-06-2024 *\/\n.elementor-heading-title{padding:0;margin:0;line-height:1}.elementor-widget-heading .elementor-heading-title[class*=elementor-size-]>a{color:inherit;font-size:inherit;line-height:inherit}.elementor-widget-heading .elementor-heading-title.elementor-size-small{font-size:15px}.elementor-widget-heading .elementor-heading-title.elementor-size-medium{font-size:19px}.elementor-widget-heading .elementor-heading-title.elementor-size-large{font-size:29px}.elementor-widget-heading .elementor-heading-title.elementor-size-xl{font-size:39px}.elementor-widget-heading .elementor-heading-title.elementor-size-xxl{font-size:59px}<\/style><div class=\"elementor-heading-title elementor-size-default\">Our Services<\/div>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-23718769 elementor-widget elementor-widget-heading\" data-id=\"23718769\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Restructuring And Insolvency<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-188ca8d0 e-flex e-con-boxed wpr-particle-no wpr-jarallax-no wpr-parallax-no wpr-sticky-section-no e-con e-child\" data-id=\"188ca8d0\" data-element_type=\"container\" data-settings=\"{&quot;_ha_eqh_enable&quot;:false}\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-797bc8eb e-con-full e-flex wpr-particle-no wpr-jarallax-no wpr-parallax-no wpr-sticky-section-no elementor-invisible e-con e-child\" data-id=\"797bc8eb\" data-element_type=\"container\" data-settings=\"{&quot;animation&quot;:&quot;fadeIn&quot;,&quot;_ha_eqh_enable&quot;:false}\">\n\t\t\t\t<div class=\"elementor-element elementor-element-2d1eeab9 elementor-widget elementor-widget-text-editor\" data-id=\"2d1eeab9\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.22.0 - 26-06-2024 *\/\n.elementor-widget-text-editor.elementor-drop-cap-view-stacked .elementor-drop-cap{background-color:#69727d;color:#fff}.elementor-widget-text-editor.elementor-drop-cap-view-framed .elementor-drop-cap{color:#69727d;border:3px solid;background-color:transparent}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap{margin-top:8px}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap-letter{width:1em;height:1em}.elementor-widget-text-editor .elementor-drop-cap{float:left;text-align:center;line-height:1;font-size:50px}.elementor-widget-text-editor .elementor-drop-cap-letter{display:inline-block}<\/style>\t\t\t\t<p>The Veritas Team has considerable experience of financial restructuring and insolvency matters across the region. We guide our clients through restructurings, preventative compositions, insolvencies, bankruptcies, voluntary and involuntary liquidations so that you have certainty over the outcome of the process. With both Saudi national qualified advocates and internationally renowned lawyers, we offer our clients a seamless one-stop shop for all your restructuring and insolvency requirements. When working on these matters we draw on the expertise of lawyers from across the firm, including Finance, Litigation, M&amp;A and Tax to provide you the turnkey solution you are after.<\/p><p>Wherever we can, Veritas will provide you with strategic, proactive advice on restructuring to maximize value and achieve you the highest possible returns on your investment.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-3a04871f e-flex e-con-boxed wpr-particle-no wpr-jarallax-no wpr-parallax-no wpr-sticky-section-no e-con e-child\" data-id=\"3a04871f\" data-element_type=\"container\" data-settings=\"{&quot;_ha_eqh_enable&quot;:false}\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-69c60086 elementor-invisible elementor-widget elementor-widget-image\" data-id=\"69c60086\" data-element_type=\"widget\" data-settings=\"{&quot;_animation&quot;:&quot;pulse&quot;}\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" src=\"http:\/\/veritas-law.devg10.com\/wp-content\/uploads\/elementor\/thumbs\/reconstruction-qtntpzr3ssdk69j2ynfocy58bjibiam20xopkmll0g.png\" title=\"reconstruction\" alt=\"reconstruction\" loading=\"lazy\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-4ee1e06 e-con-full e-flex wpr-particle-no wpr-jarallax-no wpr-parallax-no wpr-sticky-section-no e-con e-child\" data-id=\"4ee1e06\" data-element_type=\"container\" data-settings=\"{&quot;_ha_eqh_enable&quot;:false}\">\n\t\t\t\t<div class=\"elementor-element elementor-element-f92d95d elementor-widget elementor-widget-text-editor\" data-id=\"f92d95d\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<h5><strong>Key Examples<\/strong><\/h5>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-fa59d9a elementor-widget elementor-widget-text-editor\" data-id=\"fa59d9a\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<ul><li>Advising one of the largest healthcare providers in the region on its restructuring, asset sale and insolvency options in a GCC Country, including the re-negotiation of an Islamic Facility Agreement and the settlement of court-based claims by secured and unsecured creditors on behalf of numerous hospitals, clinics, pharmacies and cosmetic treatment centres forming part of the group.<\/li><li>Advising the largest mining group in Oman on the restructuring of its debts with numerous financial creditors into one consolidated long-term revolving credit facility agreement, to reduce interest payments and provide short-term working capital to fund operations.<\/li><li>Advising a diversified high net worth family business on the restructuring of its Group companies, including the negotiation of a facility agreement into the superior Holding Company and the divestment of certain Group assets and distressed companies to save the business.<\/li><li>Advising one of the largest airport food and beverage concessionaires in the world on the restructuring of its operations (including redundancy programmes) in the Middle East following the severe impact on business revenue encountered during the COVID Pandemic.<\/li><li>Advising a premier airline on the solvent restructuring of its operations within a GCC country to avoid substantial losses and to continue trading.<\/li><\/ul>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5fb6bba2 elementor-widget__width-auto elementor-align-left elementor-widget elementor-widget-button\" data-id=\"5fb6bba2\" data-element_type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-sm elementor-animation-float\" href=\"http:\/\/veritas-law.devg10.com\/index.php\/contact-us\/\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t<span class=\"elementor-button-icon\">\n\t\t\t\t<svg aria-hidden=\"true\" class=\"e-font-icon-svg e-fas-arrow-right\" viewBox=\"0 0 448 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M190.5 66.9l22.2-22.2c9.4-9.4 24.6-9.4 33.9 0L441 239c9.4 9.4 9.4 24.6 0 33.9L246.6 467.3c-9.4 9.4-24.6 9.4-33.9 0l-22.2-22.2c-9.5-9.5-9.3-25 .4-34.3L311.4 296H24c-13.3 0-24-10.7-24-24v-32c0-13.3 10.7-24 24-24h287.4L190.9 101.2c-9.8-9.3-10-24.8-.4-34.3z\"><\/path><\/svg>\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">Book Appopintment<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Our Services Restructuring And Insolvency The Veritas Team has considerable experience of financial restructuring and insolvency matters across the region. We guide our clients through restructurings, preventative compositions, insolvencies, bankruptcies, voluntary and involuntary liquidations so that you have certainty over the outcome of the process. With both Saudi national qualified advocates and internationally renowned lawyers, we offer our clients a seamless one-stop shop for all your restructuring and insolvency requirements. When working on these matters we draw on the expertise of lawyers from across the firm, including Finance, Litigation, M&amp;A and Tax to provide you the turnkey solution you are after. Wherever we can, Veritas will provide you with strategic, proactive advice on restructuring to maximize value and achieve you the highest possible returns on your investment. Key Examples Advising one of the largest healthcare providers in the region on its restructuring, asset sale and insolvency options in a GCC Country, including the re-negotiation of an Islamic Facility Agreement and the settlement of court-based claims by secured and unsecured creditors on behalf of numerous hospitals, clinics, pharmacies and cosmetic treatment centres forming part of the group. Advising the largest mining group in Oman on the restructuring of its debts with numerous financial creditors into one consolidated long-term revolving credit facility agreement, to reduce interest payments and provide short-term working capital to fund operations. Advising a diversified high net worth family business on the restructuring of its Group companies, including the negotiation of a facility agreement into the superior Holding Company and the divestment of certain Group assets and distressed companies to save the business. Advising one of the largest airport food and beverage concessionaires in the world on the restructuring of its operations (including redundancy programmes) in the Middle East following the severe impact on business revenue encountered during the COVID Pandemic. Advising a premier airline on the solvent restructuring of its operations within a GCC country to avoid substantial losses and to continue trading. Book Appopintment<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"elementor_header_footer","meta":{"footnotes":""},"class_list":["post-3189","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"http:\/\/veritas-law.devg10.com\/index.php\/wp-json\/wp\/v2\/pages\/3189","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/veritas-law.devg10.com\/index.php\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"http:\/\/veritas-law.devg10.com\/index.php\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"http:\/\/veritas-law.devg10.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/veritas-law.devg10.com\/index.php\/wp-json\/wp\/v2\/comments?post=3189"}],"version-history":[{"count":4,"href":"http:\/\/veritas-law.devg10.com\/index.php\/wp-json\/wp\/v2\/pages\/3189\/revisions"}],"predecessor-version":[{"id":3194,"href":"http:\/\/veritas-law.devg10.com\/index.php\/wp-json\/wp\/v2\/pages\/3189\/revisions\/3194"}],"wp:attachment":[{"href":"http:\/\/veritas-law.devg10.com\/index.php\/wp-json\/wp\/v2\/media?parent=3189"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}