Insolvency & Restructuring
Corporate crisis, insolvency applications and defence of claims
Advice in a corporate crisis
When a business enters financial difficulty, legal and commercial issues often have to be assessed under significant time pressure. The law office assists in analysing the situation, evaluating insolvency-law options and preparing the next steps, with attention to both the company’s interests and the personal risk position of those responsible.
Insolvency applications and management duties
Imminent or actual insolvency may give rise to significant duties and liability risks for managing directors and other responsible persons. Advice covers insolvency-law issues relating to illiquidity and over-indebtedness, preparation of insolvency applications and legal assistance to management during this phase.
Insolvency avoidance claims
Under certain conditions, insolvency administrators may seek repayment of payments or other transfers made before the opening of proceedings. The law office reviews avoidance claims and assists companies and individuals in defending them, particularly where demands for payment or formal claims have already been made.
Claims by insolvency administrators and liability
Insolvency proceedings can give rise to further liability and recovery claims beyond avoidance. The law office reviews asserted claims, develops a defence strategy and represents affected parties both out of court and in litigation.