Insolvency and restructuring
Running and taking risks are part and parcel of doing business. Every business will come into contact with insolvency law at some point – be that because of an insolvent customer, debtor, or a business contact. A company can get into financial problems for all sorts of reasons. The market may change, causing a fall in demand. A financier might withdraw unexpectedly, or a client might fail to pay their bills. Whatever the cause of a company getting into financial problems, many parties are involved, each with its own interests.
The aim of these parties is to avert insolvency by taking timely action. If insolvency proves unavoidable, the financial consequences need to be dealt with as carefully as possible with all the parties to the contract, possibly in combination with a relaunch of the company.
Insolvency lawyer
We give advice to directors, shareholders, and supervisory directors on a variety of legal questions when a company finds itself in financial difficulties. We are also appointed as an insolvency practitioner in insolvency cases and as administrators in debt moratoriums and debt rescheduling. Our broad experience in the domain of insolvency law and restructuring includes the following:
- Giving guidance to companies on filing for bankruptcy or debt moratorium
- Offering voluntary arrangement procedures within or outside the framework of bankruptcy (WHAO, Court Approval of a Private Composition [Prevention of Insolvency] Act)
- Reporting inability to pay
- Giving guidance on relaunch after bankruptcy
- Giving advice on corporate restructuring
- Giving advice to businesses and entrepreneurs on collateral, such as rights of pledge and mortgage, bank guarantees and security deposits, and on issuing such collateral
