Restructuring and Insolvency
Proficient in empowering clients to recover, restructure, and emerge stronger amidst financial turmoil
Possessing the right expertise to assist financially distressed corporations is one of our key strengths. The firm takes pride in being experts in both restructuring and insolvency, and our commitment to financial recovery and restructuring has earned us a reputation for excellence in this arena. With a proven track record, we have successfully assisted clients in resolving their financial difficulties by providing comprehensive services in receivership, administration, liquidation, winding up, dissolution, and bankruptcy. Our insolvency practitioners possess the highest degree of financial understanding and legal expertise to guide clients accurately in making informed decisions when facing financial challenges. Our broad experience in restructuring and insolvency involves a wide range of sectors including insurance, real estate, agri-business, ICT, financial services, power, extractive, tourism, aviation, manufacturing, oil & gas.
Experience
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Appointed as the liquidator for Star General Insurance company which was the first insurance company in Tanzania to undertake voluntary winding up.
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Successfully advised and assisted the insurance company on regulatory issues, engagement with creditors, settlement of claims, laying off the employees, reconciliation and settlement with re-insurers, disposition of assets and collection of receivables.
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Undertaken dissolution of the foreign and local companies by invoking section 400(3) of the Companies Act without going through the prolonged and complex dissolution process.
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Advised on corporate restructuring for more than 50 companies, trust funds and non- for-profit organizations.
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Successfully Dissolved more than 20 International and Local NGOs