Practice 03 · Restructuring

Financial restructuring. Before insolvency becomes current.

Bilateral refinancing, opening-of-negotiations notice, restructuring plans with or without court sanction. Crisis management before the insolvency deadline runs.

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Definition

Financial restructuring covers operations that allow reordering the debt of a viable company with a damaged balance sheet, without entering insolvency. It includes bilateral refinancing, out-of-court agreements and court-sanctioned restructuring plans with cross-class cram-down effects.

What we do

  1. 13-week viability financial assessment with scenarios.
  2. Creditor map with case manager identification, internal recovery policy and provisioning level.
  3. Bilateral negotiation per class before any collective table.
  4. Plan design: haircut, deferral, conversion, sale of going concern.
  5. Class structuring and required majorities.
  6. Opening-of-negotiations notice with suspensive effect.
  7. Court sanction when cram-down or protection against challenges is needed.