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Hard economic times in Kenya have seen a rapid increase of restructuring of companies and insolvency-related work. Our firm has a vibrant insolvency practice under the larger Financial and Corporate practice area. Our team comprises of lawyers who have been involved in notable work related to:
- Corporate restructuring
- Corporate rescue
- Insolvency proceedings
- Representation of distressed companies, shareholders, and creditors
- Representation of Receiver Managers & Administrators
- General conduct of receiverships
We are well versed in both corporate insolvency and personal bankruptcy. We have many years of experience representing insolvency practitioners in their official capacity as receivers, administrators, liquidators or trustees in bankruptcy. Our team of insolvency lawyers is able to help you maximize the potential for a successful recovery through the return of assts and/or the recovery of debts for creditors. We regularly act for leading insolvency practitioners helping them handle a full range of insolvency scenarios due to the team’s in-depth knowledge of the recently enacted Insolvency Act. In addition, we work closely with professionals in other fields such as employment, tax and real estate, together with other professionals such as bankers, accountants and funders. This is to ensure that pragmatic solutions are found for each case.
We also have vast experience in advising and representing clients in liquidation proceedings but also alternatives to liquidation such as administration, business rescue mechanisms and debt restructuring. Our firm has been included in all the following major insolvency matters:
- Nakumatt Holdings
- Tahir Sheikh Said Grain Millers Limited (Under Administration)
- Tuskys Supermarkets
- Uchumi Supermarkets
- Mumias Sugar Company Limited
- TSS
- Red Court Hotel Limited
- Palm Beach Hotel Limited lla English Point Marina
- Sovereign Hotel Limited