Insolvency

In the field of insolvency, we offer assistance:

For the purchaser of a company in distress/assets from a company in distress:

• Transaction assistance in preparation of the transaction documents and negotiation with debtor;
• Assistance during the implementation process: ensure transfer of shares/assets free of encumbrances, registration formalities, employees matters, Competition Council clearance;
• Assistance further to the acquisition: representation in court for challenging decision of judicial administrator or liquidator, Creditors’ Assembly etc.

For the creditor of a company in distress:

• Analysis of the contract originating the claim and security documents, ask for registration of the claim and secure their priority against other creditors, if this is the case;
• Analysis of position in insolvency files;
• Analysis and assistance for challenging fraudulent transactions prejudicing their rights;
• Assistance during Creditors’ Assemblies;
• Assistance in preparing and sustaining a reorganization plan;
• Court representation in various insolvency related aspects.

For the company in distress:

• Prescreening the potential insolvency requests by assessing whether the legal conditions for opening of proceedings are met;
• Debt restructuring in pre-insolvency phase;
• Screening the insolvency requests and assessing the actual risk of the debtor in entering the insolvency procedure;
• Assistance during judicial proceedings both in front of courts of law and towards the creditors.
  
  

For the shareholders/directors:

• Assessing the risk for proceedings against the shareholders/management, which might have caused the insolvency.