Insolvency law
As trusted partners, we offer you professional and results-oriented advice in times of crisis and insolvency.
Key areas of our consulting services include:
- Assessment of turnaround potential
- Development of restructuring programmes
- Turnaround reports in accordance with IDW S6
- Staff reduction programmes and labour law restructuring in the context of a crisis
- Capital increases, provision of security, structuring of subordination agreements
- Assessment of obligations to file for insolvency
- Preparation of insolvency petitions
- Preparation and legally compliant management of insolvency proceedings
- Asset protection
- Accounting in insolvency proceedings
- Refinancing
- Ongoing tax advice during insolvency proceedings
- Distressed M&A
- Prevention of liability for directors
- Defence against and assertion of claims under insolvency law
- Advice to creditors and the consistent enforcement or safeguarding of claims
- Coordination with insolvency practitioners, trustees and other parties involved in the proceedings
Questions raised by our clients include:
- Am I already obliged to file for insolvency in my situation?
- What options do I still have for taking action outside of insolvency proceedings?
- Can insolvency still be avoided?
- What specific restructuring options are available to me?
- What risks are there for the management?
- What specific steps are required to prepare for insolvency proceedings?
- How do insolvency proceedings work and how long do they typically last?
- What options are available for continuing the business during insolvency proceedings?
- As a creditor, how can I effectively enforce my claim once insolvency proceedings have been opened against the debtor’s assets?
- What impact do the insolvency proceedings have on existing contractual relationships?
In difficult situations, we help you to secure liquidity and maintain your company’s solvency. Our focus is on identifying legal options at an early stage, assessing risks and guiding you safely through the implementation of the next steps.
We begin with a thorough analysis of your initial financial and legal situation. We assess whether there is an obligation to file for insolvency, which types of proceedings are applicable and what the resulting consequences might be. In doing so, we always keep an eye on the possibilities for reorganisation outside of insolvency proceedings.
Whether exploring reorganisation options outside of insolvency or within the framework of insolvency proceedings: We analyse the opportunities and risks of reorganisation plans and restructuring measures, draw up or review viable reorganisation plans, and ensure their implementation in a legally compliant manner. In doing so, we comprehensively incorporate the relevant provisions of insolvency, employment, company, commercial and tax law into our advice and coordinate the respective legal consequences.
Thanks to our extensive experience across various sectors, we are able to provide you with sound advice at an early stage, particularly in situations where insolvency is looming, and to work with you to develop strategies to avert insolvency proceedings where possible or – should they be unavoidable – to prepare for them optimally and manage them in a legally sound manner. We guide you through the process, from assessing the current situation to implementing the next steps.
The building blocks of a successful reorganisation and restructuring are a clear and structured approach, excellent legal skills and entrepreneurial thinking. We understand business models, grasp the interrelationships, identify opportunities and address existing obstacles openly and in a spirit of trust. In doing so, we stand by our clients as reliable partners who act with sound economic judgement.
