JUDICIAL RESTRUCTURING AND INSOLVENCY

Companies in distress or insolvent companies face a unique set of operational and legal challenges. If insolvency or bankruptcy is avoidable and early efficient actions are taken, we advise the directors of such companies to ensure short-term survival while preparing for long-term success.

We assist the stakeholders in drafting or we draft a feasible a judicial composition plan or a reorganization plan that addresses the needs of the debtor company and of all its stakeholders (banks, leasing companies, etc.) in line with the provisions of the Romanian law.

Our restructuring approach focuses on the most important operational, legal and financial issues in order to ensure a comprehensive recovery. We can improve an existing turnaround plan or develop a new one tailored to a client’s specific circumstances. We combine our deep industry experience with the proven or innovative tools of crisis management in order to create fast and lasting effects.

We can also help creditors to maximize the recovered value in an insolvency, including bankruptcy.

The main beneficiaries of our judicial restructuring and insolvency services are:

• Companies in financial distress
• Insolvent companies
• Directors and shareholders of a business in distress
• Creditors, lenders or financial stakeholders
• Insolvency practitioners.

EDGE’s judicial restructuring and insolvency services include:

• Drafting and implementation of judicial composition projects
• Drafting and implementation of reorganization plans
• Acting as consultant/agent of the debtor companies or creditors
• Acting as Judicial proxy (rom. “mandatar adhoc”) under a strict confidentiality
• Acting as conciliator (rom. “conciliator”)
• Acting as Judicial Administrator/Liquidator
• Providing flexible methods to asset realisation and payment schedules.

For creditors and companies concerned with insolvency or financial issues, we provide innovative and practical solutions for cases of any size. Whether acting as a Judicial Administrator / Liquidator / Judicial Proxy / Conciliator / Consultant or developing an judicial composition/reorganization plan, our sensitive approach, specialist experience and leading-edge methods enable creditors to minimize costs and maximise recoveries while helping companies avoid a disastrous slide into insolvency or bankruptcy.