Insolvency & Restructuring
We can help you with
- Business restructuring
- Advice on the government financing options available to companies affected by the coronavirus outbreak
- Debt collection and restructuring
- Investigating, pursuing and defending claims for and against companies’ managing bodies during bankruptcy and restructuring proceedings
- Acting as insolvency practitioners
- Representing debtors-in-possession during restructuring proceedings
- Out-of-court creditor compositions
- Pre-insolvency reorganisation and refinancing
- Advice for creditors and protection of creditors’ rights
- Representing and advising insolvency administrators
- Planning and carrying out restructuring plans, confirmation actions (including cramdowns)
- Acquiring assets from restructuring and bankruptcy estates
- Bailouts, distressed buyouts and exit financing
- Cross-border insolvency issues, including the EU Insolvency Regulation
Restructuring can help to get your business going
When used wisely, restructuring can turn a business around. With our team and specialists, you have the best chance to serve both the company and its creditors. Our expertise includes state aid, contingency planning, debt and business restructuring, and distressed acquisitions/sales.
Representing clients in bankruptcy proceedings
With our extensive team, we represent clients in bankruptcy proceedings with great sensitivity, collaborating with creditors and insolvency administrators. Our clients value our broad and thorough experience, from pre-insolvency reorganization and company liquidation to debt recovery.
Well-versed in defending the interests of insolvency administrators
We have represented a significant number of insolvency administrators when the state has questioned their performance and looked to terminate their certificates or activities.
Advancing insolvency legislation for a better business environment
Our professionals actively contribute to legislative initiatives related to insolvency (both bankruptcy and restructuring), in order to improve the business environment in our region.
Training sessions for insolvency administrators
Our team delivers presentations and training on various aspects of insolvency services to local insolvency administrator associations. These sessions can be arranged throughout the region; contact us for more details!
Experience
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Rietumu Banka
Full scope assistance and strategic advice on collection from insolvent debtors, including protecting сlient’s interests in bankruptcy proceedings through participating in creditors’ committees
Legal Adviser -
Finnair
Representing in recovery of 4 Embraer E170 aircraft from Estonian Air, the failed national carrier, in liquidation
Legal Adviser -
Froslev Trae
Representing the client in a complex matter related to the bankruptcy proceedings of GKF, one of the largest sawmill companies in Lithuania
Legal Adviser -
GIEK Kredittforsikring
Assisting a credit insurance company, owned by Norway, throughout legal protection (reorganisation) proceedings of companies in Latvia and Estonia
Legal Adviser -
Representing creditors in the liquidation of Trasta Komercbanka
Representing foreign creditors from different jurisdictions (EU and non-EU) in the liquidation and insolvency of Trasta Komercbanka, a credit institution (bank) registered in Latvia
Legal Adviser -
Prima Pet Premium (Finland) and Vafo Praha (Czech)
Representing pet food producers in bankruptcy proceedings of Estonian retailers. We are also advising the bankruptcy trustees in relation to claims against the management board
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Bankrupt credit unions
Representing the bankruptcy administrator in bankruptcy and related proceedings of insolvent credit unions, Vilniaus kreditas and Taupkasė
Legal Adviser -
Belarusian Railways
Advising the Belarusian major railway service provider on bankruptcy proceedings of its Estonian counteragent and succeeded in helping the client obtain the proofs of bankruptcy for the purposes of regulatory compliance in Belarus
Legal Adviser