Restructuring - Insolvency

BMS’ operates at all stages of the prevention and treatment of insolvency, either for the company in difficulty or for the creditors faced to the failure of their clients and partners.

• Preventive advice in order to reorganise the running of the company in anticipation of its possible failure or a default of its partners.
  
  
• Assistance in renegotiating and restructuring the debt, within the framework of an ad hoc procedure, conciliation, credit mediation procedure.
  
  
• Participation in the setting-up of financial tools tailored for the needs of the debt restructuring and on behalf of creditors, taking measures to secure the enforcement of their claims.
  
  
• Assistance of the company during all the judicial phases of prevention and treatment of its difficulties, including during the safeguarding procedure, the reorganizing proceedings or the liquidation proceedings.
  
  
• Advice to rescuers for the determination of the extent of the buy out and assistance for all the technicalities that are required in order to optimise the buy-out.
  
  

BMS’ works closely with the receivers and the liquidators appointed by the courts in order to work out the survival scheme or an asset disposal plan of the company.

BMS’ defends directors that are prosecuted for improper trading and intervenes to protect a group in the event of failure of one of its companies. BMS’ also provides assistance to directors that have guaranteed the debts of the company.

Contact:

Gilles Grinal, Partner, grinal@bms-avocats.com