Restructuring and insolvency

Restructuring is a legal, financial and ownership process. We first establish the scale of the threat, the position of the management board and the realistic sources from which an arrangement could be funded.

Scope of advice

• assessment of insolvency, threatened insolvency and the legal position of the business
• directors’ duties and exposure in connection with insolvency filings
• selection and preparation of restructuring or insolvency proceedings
• arrangement proposals, restructuring plans and creditor strategy
• negotiations with banks, lenders, trade creditors and public authorities
• protection against enforcement during restructuring
• representation before supervisors, administrators, trustees and courts
• creditor representation, including claims, voting and challenges
• tax and public-law liabilities in restructuring and insolvency
• distressed disposals and pre-pack transactions

Restructuring directed at preserving viable business value

We combine restructuring and insolvency law with tax, enforcement, directors’ liability and creditor negotiations. The objective is an economically workable solution, not merely the opening of formal proceedings.