Sound expertise in Insolvency (Restructuring and Bankruptcy) matters

Today more than ever, companies, banks, investment banks and/or non-banking financial institutions are exposed to greater risks from increased competition, widespread economic downturn, political turmoil and rapid growth in terms of distressed debts. Equally, the reasons for trade failure are more faceted than ever before. In this challenging environment, the ability of a trader to keep risks at bay, to protect its investments and profits or for creditors to recover their debts relies significantly on the expertise and experience of their advisers. Our lawyers’ insolvency practice is acknowledged for its quality and tailored solutions delivered to clients irrespective of the sector of activity. Several of our insolvency lawyers are highly regarded and well positioned amongst the most prominent legal professionals in their field, whilst some of them are licensed as insolvency practitioners.

We therefore have the experience to deal with the most complex insolvency matters at the same pace and ease that we take care of the most straightforward issues; these includes protecting the companies in and out of court from abusive insolvency claims, advising companies to restructure their debts portfolio, advising clients during the insolvency and bankruptcy proceedings, creditors’ committees, assets sale, tracking, seizing and recovery of assets, voluntary liquidation, reorganization, due diligence, creditors arrangements. The combined specialization and experience enables our core team of dedicated lawyers to advise on all aspects of insolvency, restructuring and bankruptcy, whatever the causes of the distress.

Highlights of the assignments which have been handled by our lawyers throughout their practice include advice and representation to:

• A major European listed company, in connection with successfully defended insolvency proceedings initiated by local partner for alleged debts;
• A major European construction company, in connection with recovery of debts during the insolvency proceedings of one of the largest Romanian bakery & bread factories;
• A major European investor in relation to the reorganization, financing and acquisition of the largest European rolling stock factories (a cross border insolvency matter involving more than 15 parties);
• A major European company acting in the maritime technology, for debts recovery and securitization during the insolvency proceedings of its Romanian partner;
• A trader of non-ferrous metals for the recovery of debts during the insolvency of its Romanian traditional partner;
• A major Turkish construction company during its insolvency reorganization, recovery of receivables against third parties, sale of assets and bankruptcy;
• The largest Romanian commercial bank, with regard to several insolvency proceedings opened against various companies for debts recovery;
• A world leading pharmaceutical company in connection with debts and assets recovery during the insolvency proceedings of a Romanian distributor;
• A European shipyard company in connection with the restructuring, financing and acquisition of a Romanian shipyard during the insolvency proceedings.

Publications

• Will the end of Covid support 'fuel insolvencies'?, November 2021 (ENG)
• Insolvency – recent amendments, August 2020 (ENG)
• State of emergency in the insolvency procedure, April 2020 (ENG)
• State of emergency in the insolvency procedure, April 2020 (RO)
• ELKB Insolvency: Supreme Court’s decision on the point of law regarding budgetary claims, November 2018 (ENG)
• Restructuring & Insolvency in Romania: a complete guide, Lexology Navigator, August 2018 (ENG)
• Restructuring and Insolvency in Romania: a Complete Guide, Lexology Navigator, Romanian Chapter, Lexology, July 2017 (ENG)
• Successful reorganizations: between companies’ identity and reinvention, Ziarul Financiar, Cei mai mari jucători din economie e-paper, June 2018 (RO)
• ELKB Financial Leasing & New Insolvency Law (ENG)

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