Restructuring and Insolvency
In times of financial distress, we help you navigate the complexities of restructuring and insolvency proceedings.
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Businesses often face financial challenges that require swift and strategic intervention. Whether caused by market shifts, debt burdens, or operational disruption, financial instability can threaten business continuity if not addressed promptly.
Our restructuring and insolvency lawyers in Sri Lanka assist both distressed companies and creditors, offering pragmatic solutions, services related to debt restructuring law, and insolvency proceedings in Sri Lanka.
By combining legal precision with commercial insight, we deliver strategies that protect value, manage risk, and support long-term recovery.
Our Expertise in Restructuring and Insolvency Law
What Is Insolvency and Restructuring Law?
Insolvency and restructuring law is primarily governed by the Companies Act No. 7 of 2007, as amended. It deals with how financially distressed companies can manage obligations, restructure operations, or liquidate assets in a legally compliant manner.
At D.L.&F. De Saram, our team provides advisory and procedural support under insolvency law Sri Lanka, ensuring businesses and creditors navigate the process efficiently and strategically.
What Is Financial Restructuring and Insolvency Law?
Financial restructuring involves reorganising a company’s debt and capital structure to restore solvency and operational strength. We assist clients with:
- Debt-restructuring law compliance and negotiations
- Corporate rehabilitation and turnaround strategies
- Drafting and execution of restructuring agreements and settlement plans
- Coordinating with creditors and regulatory bodies
- Voluntary and Compulsory (court ordered) liquidations
- Amalgamations
What Is Meant by Insolvency in Law?
In legal terms, insolvency refers to a company’s inability to meet its financial obligations as they fall due. Our lawyers advise on:
- Insolvency proceedings of Sri Lanka under the Companies Act
- Winding-up and liquidation procedures
- Insolvent estates administration and recovery processes
- Representation in voluntary winding-up and compulsory liquidation cases
What Is the Main Purpose of the law pertaining to insolvency as set out in the Companies Act?
The Companies Act’s winding-up rules in Sri Lanka exist to provide an orderly framework for debt resolution, asset protection, and equitable treatment of creditors.
Our firm helps clients comply with these laws while protecting commercial interests and facilitating efficient business transitions.
Offered Legal Services in Restructuring and Insolvency
Our restructuring and insolvency legal services are designed to deliver stability and continuity for both corporations and creditors:
- Advising on corporate restructuring in Sri Lanka and capital reorganisation
- Managing debt-restructuring law negotiations with lenders
- Handling insolvency proceedings in Sri Lanka and asset recovery actions
- Representing clients in winding-up and liquidation under the Companies Act’s winding-up rules
- Preparing de-registration filing requirements and compliance documentation
- Implementing corporate rehabilitation and turnaround strategies
- Advising on bankruptcy & insolvency regulations and cross-border implications
- Administering insolvent estates with transparency and legal accuracy
We work closely with clients to define short-term recovery measures and long-term restructuring frameworks that restore financial flexibility and operational strength.
FAQs
What laws govern insolvency in Sri Lanka?
Insolvency and liquidation are primarily regulated under the Companies Act No. 17 of 1982.
Can a company restructure without entering insolvency?
Yes. Corporate restructuring Sri Lanka allows businesses to renegotiate debts and reorganise structures before insolvency occurs, often resulting in more sustainable recovery.
What is the difference between voluntary and compulsory liquidation?
Voluntary winding-up occurs when a company’s shareholders decide to dissolve it, while compulsory liquidation is initiated by a court order, often due to insolvency.
What is corporate rehabilitation?
Corporate rehabilitation and turnaround involve stabilising distressed companies through operational, financial, and strategic reform, often avoiding liquidation altogether.
What is deregistration filing requirements?
These are legal procedures to formally dissolve a company and remove it from the Companies Registry after liquidation or winding-up is completed. We manage the full filing process to ensure compliance.
Contact Us
Financial challenges require clarity and decisive action.
Our restructuring and insolvency lawyers in Sri Lanka provide expert guidance on debt restructuring, insolvency proceedings, liquidation, and corporate rehabilitation.
Contact D.L.&F. De Saram today for practical, strategic solutions that protect business value and enable sustainable recovery.
