Corporate reorganisation and restructuring

Crises do not happen unforeseen. They evolve. Outdated strategies or business models often mean the loss of competitiveness. In the final stage of a crisis – when liquidity is most important problem – the lack of transparency becomes obvious. Then quick and consistent decisions have to be taken: competitiveness must be restored. The confidence of investors, employees, and business partners must be recovered.

The consequences of either a bankruptcy, a reorganised or transferred insolvency, a liquidation or the termination of a company have to be considered and checked as options that may apply.

Measures

• Introduction of emergency measures
• Open communication between creditors, shareholders, employees and management
• Identifying the crisis’ cause(s)
• Creation of restructuring or renovation advice
• Creation of an excessive indebtedness status and continuation forecasts
• Implementation of moratoriums and extrajudicial settlement negotiations
• Assignment of experienced interim managers to support implementation
• Implementation of the restructuring concept with pressure and will for change.