Insolvency

Comprehensive, timely advice on re-organisation and restructuring - in terms of both company and insolvency law - often provides sufficient scope to avoid insolvency. Our advisory services focus on the development of strategies to prevent the filing of a petition in bankruptcy, for instance through subordination agreements, letters of comfort or the use of alternative financing instruments. We provide advice on the risks to which directors or shareholders may be exposed - in particular with regard to potential claims asserted by the receiver - and ways to minimise potential criminal law consequences.

Competent and above all prompt advice is absolutely essential when dealing with insolvent or crisis-stricken suppliers.

Our advisory services also include advising creditors during insolvency proceedings, e.g. in their capacity as members of a creditors’ committee. We also offer comprehensive advice on rescission law.

Nandia Savvides

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