Restructuring

BUNCH has significant experience for all aspects of advice and assistance to businesses encountering difficulties.

We advise management, potential acquirers of businesses in difficulty, and investors specialized in complex restructuring operations.

At the stage of prevention of difficulties, BUNCH assists with diagnosis and choice of suitable procedures

(confidential appointment by the court of a third party or conciliator with a mandate to assist management in the negotiation of a scheme of arrangement), designed to assist the business to avoid insolvency or find a purchaser. 

BUNCH is experienced in negotiating with banks, debenture holders, tax and social security creditors with a view to restructuring debt..

The firm also acts in relation to safeguard and other insolvency procedures (administration or liquidation), assisting management in the proceedings before the Commercial Court, negotiations with creditors and the establishment of a plan for continuation of the business.

Bunch also advises creditors and suppliers of businesses in difficulty in order to secure their position (proof of debt filings, appointment as an observer in the proceedings, claims for recovery of assets under reservation of title clauses, enforcement of security…).

Last but not least, BUNCH is able to advise and assist clients interested in the acquisition of assets of businesses in difficulty in the proceedings before the Commercial Court.

Practices

  • Prevention : business continuity planning, qnd other preventive measures (ad hoc mandate and conciliation)
  • Collective enforcement measures : safeguard, administration, liquidation
  • Purchase of businesses in difficulty: audit, preparation of a proposal and detailed offer for submission to the court, implementation of the transfer of assets
  • Advice and assistance to management of a business in difficulty and in connection with mismanagement claims
  • Advice and assistance to creditors : proof of debt notices & filings, claims to enforce security or recover assets, appointment as observers

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