Restructuring Law
Professional crisis management and restructuring
Your Partner in Corporate Crises
Corporate crises can affect any business — what matters is acting quickly and correctly. Restructuring and insolvency law (Sanierungsrecht) offers a range of instruments for managing a crisis, from out-of-court restructurings to formal insolvency proceedings. Early, expert advice can often still save the company and pave the way for a sustainable turnaround.
A core focus of our advice lies in preventive crisis counsel and the development of tailor-made restructuring strategies. We analyse the crisis situation, work out viable courses of action and accompany you throughout implementation — whether through out-of-court agreements with creditors, StaRUG (German Corporate Stabilisation and Restructuring Act) proceedings or formal insolvency proceedings. Throughout, we keep the specific needs of your company and your stakeholders firmly in view.
Crisis Identification & Management
- Early-warning systems and crisis-indicator analysis
- Stakeholder management in the crisis
- Communication strategy and PR
- Crisis organisation and contingency plans
- Interim management and restructuring management
Restructuring Concepts
- Development of comprehensive restructuring strategies
- Financial restructuring and liquidity planning
- Operational restructuring measures
- Portfolio optimisation and asset deals
- Cost-reduction programmes
Creditor Negotiations
- Negotiations with banks and financing partners
- Supplier management and supplier discussions
- Deferral agreements and moratoria
- Waivers and subordination declarations
- Out-of-court settlement
StaRUG Proceedings
- Stabilisation and restructuring framework
- Restructuring plans under StaRUG
- Plan proceedings and voting-rights restrictions
- Preventive restructuring
- Coordination with insolvency proceedings
Insolvency Proceedings
- Protective-shield proceedings and self-administration
- Insolvency plan and transferring restructuring
- Asset deals out of insolvency
- Employment-law aspects of insolvency
- Creditor representation and creditors' committee
Distressed M&A
- Distressed sales and accelerated transactions
- Carve-out transactions
- Management buy-outs from a crisis situation
- White-knight and strategic investors
- Turnaround financing