New regulations significantly change the operational options of companies which are in distress and extend the scope of duties of entities acting as receivers, supervisors or managers in restructuring and bankruptcy proceedings.
Entrepreneurs can now use several new types of proceedings, among other things, a second-chance policy (i.e. preference for restructuring proceedings over bankruptcy proceedings). Both creditors and debtors can have impact on the selection of the restructuring advisor who acts as a supervisor, manager or receiver in the proceedings.
Our cooperation with PwC experts from other departments (audit, tax advisory, business advisory) allows us to offer comprehensive services for entities undergoing restructuring or bankruptcy. In a single organization, we can ensure the full support of the best specialists in specific sectors, including former market leaders or former regulatory officials, which can significantly contribute to the successful conduct of restructuring or bankruptcy processes.