Insolvency, Restructuring & Bankruptcy

Our department provides legal services at the highest standards, having expertise in advising companies in the insolvency and restructuring procedures, companies in financial distress or bankruptcy, inasmuch as with the pre-insolvency procedures.

We offer high-end legal services in Restructuring & Insolvency, providing multifaceted advice and assistance in complex insolvency cases to secured and unsecured creditors, debtors, lessors, creditors’ committees, equity holders, trustees, prospective acquirers of businesses or assets. Furthermore, we represent nearly every sector of the economy, including manufacturing, real estate and construction, retail, transportation, utilities, pharma, travel, chemical, or energy.

Our Legal Services

  • Restructuring
  • Insolvency (Observation, Reorganization & Bankruptcy)
  • Liquidation
  • Debt Selling & Debt Collection
  • Debt Recovery
  • Non Performing Loan Restructuring (NPLs)
  • Structured finance
  • Collateral Guarantees Negotiation
  • Auctions
  • Potential Liability for Corporate Executives (allegations of negligence or fraud)

International Recognition

Legal 500 – 2020

Tier 2 – Restructuring and Insolvency

Leading Firm 2020 Restructuring and Insolvency

‘Excellent and quick service. Close and constructive involvement of senior partner. Good command of legal principles. Good value for money.’

Selected Credentials

  • Assisted a real estate developer and private equity investor, in a cross-border insolvency in his capacity as a creditor, with a claim of over EUR 20 MIL. Our role was to create a strategy considering the legal possibilities through which the client could purchase all the assets of the insolvent company at the best value, performed out-of-court activities (patrimony inventory and assessments) and assisted during the negotiations with the creditors and insolvency practitioner.
  • Assisted a global leader and one of Turkey’s key textile exporters, in a cross-border insolvency with more than USD 7 BIL worth of commodities to 70 countries across 5 continents since its foundation, in the insolvency file of one of Europe’s leading producers of ceramic products. Our role was to create and maximize the prospects of recovering of the receivables and draft all the documents pertaining to the legal proceedings for that purpose. The mandate also covered representation of the client before the syndic judge in order to secure the reinstatement within the time limit of the statement of claims and before the insolvency practitioner, with the aim to pursue the insolvency practitioner to analyze and acknowledge the claim and to register it in the final table of receivables as the client was not notified by the insolvency practitioner about the opening of the insolvency proceedings against the debtor.
  • Assisted a major Romanian real estate developer in a cross-border insolvency. The client had assets worth over EUR 8 MIL and liabilities amounting to approximately EUR 12 MIL. Our role was to assist during the observation stage, to draft and assist with the implementation of the reorganization plan, drafting also the objections against the evaluation report regarding the errors made by the expert.

Press Coverage

Pavel, Mărgărit and Associates: How insolvency companies can maximize their assets

More info here.

Zf.ro

Zfcorporate.ro
adevarul
The first steps to be taken by a company in insolvency, for a successful restructuring

More info here.

adevarul.ro

adevarul.ro