We are proud to announce the groundbreaking achievement of our Senior Partner Nader Al Awadhi in his historic courtroom victory!!

Mr. Al Awadhi successfully advocated on behalf of First Investment Company (“FIC”), a Kuwait stock-listed company, in front of the Kuwait Court Bankruptcy Department to accept the preventive settlement application to settle substantial amounts due to creditors. The triumph comes as the first accepted preventive settlement application under the new Bankruptcy Law issued in 2020.

To safeguard the company’s integrity, asset value, and overall interests, FIC represented by Mr. Al-Awadhi sought to file a preventive settlement application with the Bankruptcy Department to halt any execution against the company. The court was persuaded by Mr. Al-Awadhi’s arguments and agreed to withhold any execution by the creditors against the company. This stay will allow FIC to remain viable and pursue a preventive settlement with its creditors.

Despite the Bankruptcy Law being in effect since 2020, this marks a historic moment as it is the first instance, since its enactment, where an application for a preventive settlement has been successfully approved by the court. Mr. Al-Awadhi has paved the way for many court decisions in his 45-year stellar litigation career.

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