The new regulations have significantly expanded the room to manoeuvre for organizations in difficult situations, including the ability to avail themselves of a range of new types of procedures. The legislative changes have also given creditors greater ability to influence processes which they are a party to.
At the same time, the provisions currently in force give creditors and debtors the ability to influence the choice of restructuring advisor, acting as supervisor, administrator, or general receiver in the proceedings.
The new regulations significantly change and expand the scope of duties for entities acting as general receivers, supervisors or administrators in restructuring and bankruptcy proceedings.
That means that aside from legal competence, restructuring advisors also increasingly need to bring to bear knowledge in the fields of finance, management, and optimizing operational activity. The right sectoral experience is also becoming increasingly relevant.
Are you a creditor?
Do you represent a company experiencing a crisis or one at risk of insolvency?
Depending on your needs, we: