Insolvency & Creditor's Rights

Business acumen is paramount for successful receivership

Sophisticated knowledge of the bankruptcy process, combined with top-notch trial experience and the perspective and insight required to address a wide range of bankruptcy litigation and regulation issues.

We advise enterprises in financial distress. Our goal is to find value-creating solutions which work for the enterprise concerned and the other parties involved, including owners, banks, mortgagees, employees, suppliers and the management of the enterprise.

We recently:

  • represented debtors in large, complex corporate reorganizations, drafting the due diligence reports regarding the financial debts, negotiations with creditors, mediation between companies, as well as assistance and representation during insolvency proceedings before the competent Courts;
  • litigated adversarial actions and bankruptcy estimates of liabilities and successfully defended directors, shareholders and third parties against ancillary liability claims;
  • advised a German pharmaceutical manufacturer on the recovery of receivables from the insolvency of 3 Romanian distribution companies;
  • advised a major investment fund on acquisition of assets from a bankrupt furniture company, following complex legal due diligence reviews covering an extensive analysis of the ownership chain and encumbrances created over the property, and bankruptcy issues; purchase price offered was 2 mln EUR.

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