Restructuring and Insolvency
AMJ’s lawyers advise on the full spectrum of issues arising from corporate distress and formal insolvency situations.
We have extensive experience acting for all categories of stakeholders, including corporate debtors, commercial creditors, insolvency officers and trustees, creditors’ committees, principal finance and private equity sponsors, financial institutions, accountants and financial advisers.
We advise companies, creditors and financial institutions on all aspects of restructuring and insolvency under Oman’s Bankruptcy Law . We support clients with preventive composition procedures, financial restructurings, creditor negotiations and formal bankruptcy filings, ensuring full compliance with Omani court procedures and requirements. Our team also advises on directors’ duties during financial distress, enforcement of security, creditor rights and the impact of insolvency on contracts and operations. We provide clear, practical guidance to help clients navigate distressed situations and achieve effective, legally compliant outcomes.
We work closely with specialists across the firm including experts in finance, corporate, real estate, employment, pensions, tax, environmental law, regulatory matters, capital markets and to deliver fully integrated advice on the entire range of contentious and non-contentious issues encountered in distressed scenarios and insolvencies.
In addition to providing robust legal counsel, we offer practical insight and commercial guidance informed by decades of experience in the Omani market. This ensures that clients understand not only the legal implications of a chosen strategy, but also its broader commercial consequences, enabling them to make informed decisions during periods of heightened risk and uncertainty.
Recent Transactions
- Conducted an in-depth legal study of Oman’s insolvency, restructuring, and liquidation framework to assist domestic and international clients covering applicable statutory provisions, regulatory requirements, creditor rights, shareholder obligations, liquidation procedures, regulatory filings, employee-related considerations, asset realization mechanisms, cross-border implications, and potential risks.
- Acted for finance parties on the Sohar Power Company SAOG-Sohar IWPP Restructuring, being the first of its kind in Oman involving a public joint stock company’s corporate restructuring and financial recovery in Oman in relation to a financially distressed public company pursuant to the Bankruptcy Law of Oman RD 53/2019 which came into force in 1 July 2020.
- Acted for Jindal Steel Moon LLC on its landmark acquisition of all operating movable and immovable assets of Moon Iron and Steel Company S.A.O.C. (MISCO), one of Oman’s most significant distressed asset transactions which signifies AMJ’s capability on advising on complex restructuring and distressed M&A transactions.
- Acted for Omani creditors in the settlement of Omani NMC entities recovery claims and guarantees issued by NMC Healthcare Ltd., and on the acquisition of the Omani NMC entities by Tawoos Group, including the restructuring and reorganisation of outstanding liabilities.
