Corporate Finance
Debt restructuring/ settlement
Debt restructuring is a process used by companies, individuals, and even countries to avoid the risk of defaulting on their existing debts, such as by negotiating lower interest rates. Debt restructuring provides a less expensive alternative to bankruptcy when a debtor is in financial turmoil, and it can work to the benefit of both borrower and lender.
A debt settlement is entered into by a borrower when they lack the capacity to pay the outstanding amount of debt to their creditors. Instead of declaring bankruptcy, the borrower may attempt to reach a debt settlement with their creditors.
Gpaduae is one of the leading Audit firms in Dubai / Abu Dhabi / Sharjah / Ras Al Khaimah /Ajman in UAE & across Middle East.
Our firm is well equipped and well experienced in Statutory Audit and we perform it
By combining the use of human intellect and technology, our objective is to provide the management with business insights in a concise manner so as to better manage their key performance indicators and add value to the businesses.
Although, having your annual financial statements statutorily audited as per IFRS in UAE may not be mandatory, Federal Law No (2) of 2015 on Commercial Companies in the UAE and some of the Free Zones in UAE require Companies to have their accounts audited as per IFRSs. Furthermore, with the everchanging global regulatory landscape and the introduction of VAT in UAE effective from 1 January 2018, we strongly advice our clients to have their books of accounts audited as per IFRS.