Our Special Situations team advises on distressed situations in all stages of the economic cycle, utilising their multi-disciplinary experience in restructuring, reorganisation, insolvency, distressed investing and non-performing asset deals, commercial litigation as well as tax.
Leverage incurred at a time of rapid growth may be excessively burdensome for debtors in a time of bust. However, financial distress also creates opportunities for restructuring, turnaround, and investment in distressed companies and assets.
There are a wide range of possibilities provided by the law or crystallised in private restructuring techniques to save or reorganise viable businesses, or to commence insolvent liquidation if the distribution of assets among qualifying creditors is the only option.
Our fully integrated, multi-disciplinary Special Situations team provides expert counsel to direct lenders, credit funds, distressed investors, borrowers and other stakeholders on the full range of financial restructuring services. These include super-senior loan restructuring, senior loan restructuring, mezzanine finance, bridge finance, and other structures involving debt instruments or challenging refinancing transactions which have a corporate crisis as their origin.
Wolf Theiss is able to draw on the expertise of experienced practitioners from the entire CEE/SEE region. Cross-disciplinary resources allow us not only to advise our clients on the right solutions in this complex area of law, but also to develop state-of-the-art innovative solutions in cases where no precedent exists.
Marcell Nemeth, Partner
Our updated guide provides a comprehensive summary of the restructuring and insolvency regulations of 13 jurisdictions in CEE/SEE and offers the reader practical insight into the available options for the restructuring or winding up of businesses. The structure of the individual country chapters allows for an easy comparison between the national rules applicable in the given situation of the debtor and the impact of relevant EU legislation.
The first chapter also highlights the key stages of a consensual restructuring process. While private restructuring is very much on the ascendancy and creditor driven arrangements have been given ample attention, the main themes of court driven rehabilitation and liquidation proceedings are also covered.
We also summarise the major issues and outline potential decision points which stakeholders in a financially distressed company will be facing before a final determination can be made concerning the viability of a work-out or the need for the enforcement of security which may trigger the insolvent liquidation of the debtor. / by Marcell Nemeth
Download related file: Restructuring Loans and Enforcement of Security in CEE/SEE / *.pdf