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Insolvency and restructuring

ABOUT THE SERVICE

Legal protection proceedings 

  • Assessment of the financial situation and liabilities of the company 
  • Assessment of the application of the legal protection proceedings 
  • Development of the plan in accordance with the requirements of regulatory enactments and coordination thereof with creditors 
  • Representation of the company in a court 
  • Communication and negotiation management with creditors 
  • Support during implementation of the plan 

Insolvency proceedings 

  • Analysis of the financial status and proposal of legal solutions 
  • Determination of insolvency pre-conditions and preparation of alternative strategies 
  • Consultations to the management of the company on the legal consequences during an insolvency proceeding 
  • Preparation and submission of an application on insolvency 
  • Representation in the court and communication with administrators 
  • Monitoring of sale of assets 
  • Preparation and submission of the application for a creditor’s claim 
  • Representation during creditors meetings and discussions with administrators 

Restructuring 

  • Offers of solutions for restructuring of liabilities and improvement of operations 
  • Development of strategies adjusted for recovery of operation of the company on the basis of the targets of the company and creditors’ claims 
  • Management of negotiations on restructuring of debt obligations and improvement of conditions 
  • Preparation of agreements with banks, suppliers and other creditors 
  • Protection of the interests of the company in the court and during extrajudicial proceedings 
  • Consultation on the sales or merger possibilities of the company 
  • Organization of a liquidation proceeding if restructuring is not possible
Corvus Vanags Legal offers comprehensive legal assistance on the issues of insolvency and restructuring, helping companies and individuals to overcome financial difficulties, retain assets and ensure a stable future.
Our team has excessive experience on different issues of insolvency law, including by representing customers in court proceedings and extrajudicial negotiations in relation to insolvency, legal protection proceedings, recovery of debts and other issues.

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