GLA & Co. is pleased to announce its successful representation of First Investment Company (K.S.C.P.), a publicly listed company on the Kuwait Stock Exchange, in its debt restructuring proceedings. GLA & Co’s efforts were realised when on February 20, 2025, His Honor the Bankruptcy Judge issued a decision in Case No. (2024/5 Restructuring), marking a pivotal moment in the company’s financial reorganization.

The ruling initiates the restructuring process for First Investment Company while allowing the company to retain management of its business and assets under the supervision of a trustee. With this decision, First Investment Company will be able to submit a comprehensive plan for restructuring its financial obligations, ensuring alignment with the objectives of Law No. (71) of 2020, Kuwait’s Bankruptcy Law.

About First Investment Company: First Investment Company is a leading financial institution operating in Kuwait, offering a broad range of investment services and asset management solutions. As a key player in the financial sector, the company is dedicated to delivering strategic investment opportunities and value-driven financial restructuring solutions to support long-term growth.

Nader Al Awadhi, Senior Partner at GLA & Co., commented, “This decision is a crucial step in ensuring the financial stability and continuity of First Investment Company. The ruling provides the company with the legal framework needed to navigate its restructuring while maintaining operations, ultimately safeguarding stakeholder interests and supporting the broader financial market.”

Alex Saleh, Managing Partner at GLA & Co., added, “We are proud to have played a leading role in this significant case. Our expertise in insolvency and financial restructuring has enabled us to deliver a strategic legal approach that aligns with Kuwait’s evolving regulatory landscape. This case further reinforces GLA & Co.’s position as a top-tier law firm for complex restructuring matters.”

The GLA & Co. legal team for this matter was led by Senior Partner and Head of Dispute Resolution Nader Al Awadhi, with key contributions from Legal Director Saleh Al Farhan and Senior Associates Mohammed Farghalli. Their collaborative efforts ensured a strong legal foundation for First Investment Company’s restructuring process.

This successful representation underscores GLA & Co.’s expertise in insolvency and debt restructuring, reaffirming its reputation as a premier legal advisor in Kuwait’s financial and corporate sectors.