Restructuring, Insolvency & Liquidation

Overview

Jamal Hadidi & Co. advises companies, shareholders, investors and creditors on restructuring, insolvency and liquidation matters in Jordan.

We assist clients in assessing available legal options, reorganising ownership or operations, managing creditor and shareholder issues, and implementing an orderly winding-up where continuation of the business is no longer appropriate.

Our approach focuses on preserving value, managing legal exposure and ensuring that restructuring or closure is implemented in a controlled and compliant manner.

Corporate Restructuring

We advise on:

• Group and ownership restructurings

• Capital restructuring

• Shareholder and partner reorganisations

• Business transfers

• Changes in corporate structure

• Separation of business activities

• Reorganisation of subsidiaries and branches

• Restructuring in preparation for investment, sale or exit

Financial Distress & Insolvency

We assist companies and stakeholders in assessing legal issues arising from financial distress, including:

• Review of corporate and contractual obligations

• Creditor and debtor arrangements

• Restructuring of liabilities

• Shareholder and management considerations

• Insolvency-related corporate decisions

• Negotiated settlements with creditors

• Preservation of business operations where feasible

• Assessment of available restructuring or insolvency procedures

Liquidation & Winding-Up

We advise on voluntary and compulsory liquidation and the orderly termination of business operations.

Our work includes:

• Corporate approvals for liquidation

• Appointment and coordination with liquidators

• Corporate and regulatory filings

• Creditor and liability considerations

• Employee-related closure matters

• Termination of contracts and business relationships

• Clearance and deregistration procedures

• Distribution of remaining assets

• Closure of branches and corporate registrations

Shareholder & Ownership Issues

Restructuring and insolvency frequently involve competing shareholder, creditor and management interests.

We advise on matters including:

• Shareholder rights and obligations

• Capital contributions and losses

• Ownership transfers

• Exit arrangements

• Governance during financial distress

• Director and manager authority

• Settlement of internal corporate disputes

• Reorganisation of ownership before or during restructuring

Contractual & Operational Matters

We assist clients in managing the commercial consequences of restructuring or closure, including:

• Review and termination of commercial agreements

• Lease and property arrangements

• Supplier and customer obligations

• Employment and workforce matters

• Technology and service agreements

• Security and payment arrangements

• Settlement and release agreements

Corporate Deregistration & Closure

Where a business has ceased or is ceasing operations, we assist with the legal and regulatory steps required to close the entity or branch and complete outstanding corporate requirements.

This includes coordination of relevant clearances, corporate filings, licence cancellations and deregistration procedures.

Who We Advise

We work with:

• Companies undergoing financial or operational restructuring

• Shareholders and business owners

• Holding and family-owned companies

• Foreign companies closing Jordanian operations

• Investors considering distressed or reorganised businesses

• Creditors and commercial counterparties

• Businesses preparing for an orderly exit from the Jordanian market

Related Services

For corporate reorganisations, shareholder arrangements and ownership changes, please see our Corporate & Commercial Law practice.

For ongoing corporate filings and deregistration procedures, please see our Corporate Services practice.

For disputes arising from restructuring, creditor relationships or shareholder matters, please see our Dispute Resolution practice.