Financial difficulty calls for fast and well-informed decisions. The options available to a company and its creditors depend on timing, on the legal tools available and on the willingness of the parties to cooperate.
We advise companies, shareholders, creditors and investors on restructuring and insolvency matters. Our work covers out-of-court debt restructuring, concordat and bankruptcy proceedings, the acquisition and sale of distressed assets and loans, and the protection of creditors in enforcement and insolvency proceedings.
Scope of services
- 01Out-of-court debt restructuring
- 02Concordat proceedings
- 03Bankruptcy and liquidation proceedings
- 04Representation of creditors
- 05Distressed asset and loan transactions
- 06Liability of directors and shareholders
- 07Enforcement and collection proceedings
- 08Restructuring of corporate groups
- 09Any other restructuring or insolvency matter
How we work
We assess the financial and legal position quickly and identify the realistic options. Our aim is to preserve value, whether by agreement with creditors, through court proceedings or through a sale of the business or its assets.
Frequently asked questions
A concordat is a court-supervised procedure that allows a debtor in financial difficulty to restructure its debts under a plan approved by its creditors and the court, while enforcement proceedings are generally suspended.
A creditor should register its claim within the deadlines, monitor the proceedings and assess whether any security, guarantees or claims against third parties are available. Early action often improves the chances of recovery.
As early as possible. Early action leaves more options available, such as negotiations with creditors or a court-supervised restructuring, and reduces the risk of personal liability for directors.
Restructuring aims to keep the business alive by reorganising its debts, while bankruptcy generally leads to the liquidation of the assets and the distribution of the proceeds to the creditors.
Depending on the applicable law, directors and in some cases shareholders may be personally liable for certain debts or for damage caused by their acts or omissions, particularly if they continued trading while the company was insolvent.
The effect on ongoing contracts depends on the type of proceedings, the contract terms and the applicable law. Some contracts continue, while others may be terminated or renegotiated.