Restructuring & Insolvency

Reinforced by a multiple prize winning litigation team, our Insolvency practice portfolio has included over the past years some of the major insolvency procedures in Bucharest, as well as in several other major cities in Romania.

We represent both creditors and the debtors during the insolvency procedure, both in and out of court, including legal assistance and representation during the main procedure, during the objections against the creditor tables, as well during the general creditor assemblies and creditor committee assemblies.

We assist and represent companies during a variety of restructuring procedures, whether outside of the insolvency procedure, or within it, via a reorganization plan. To this end, we provide assistance in all the specific restructuring related activities, ranging from employment restructuring, to the corporate and tax matters that accompany any such process.

To the Point

Euro 400,000,000 pharmaceutical industry insolvency

We currently provide assistance and representation to one of the major world leading pharmaceutical companies, US based, and to its Romanian subsidiary, as creditors of Euro 40,000,000 in the insolvency, and subsequently bankruptcy procedure of one of the most important Romanian pharmaceutical distribution companies.

Euro 150,000,000 construction industry insolvency

We assist and represent one of the top 3 European facade construction companies, Turkey based, and its Romanian subsidiary, as creditors of Euro 1.5 million, against major Austrian construction company, spinning from the insolvency procedure dubbed “the biggest post war insolvency procedure in Austria”.

Reorganization of Romania’s leading animal waste neutralization company

We assist the leading animal waste neutralization operator in Romania, during its reorganization procedure. Such assistance included a large variety of claims, ranging from successfully rejected receivables of various creditors, including the Romanian State, to the recovery of the client’s own receivables, for the purpose of successful reorganization.

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