Insolvency & Restructuring

A business may run into financial difficulty for many reasons: beyond the obvious financial and economic causes, existing legal structures often play a major part when a company is in trouble. Overcoming debt is hard even in the best of times; in a crisis it takes an integrated team of restructuring and insolvency specialists to design and execute coordinated solutions with a speed and ease few can match.

SCA Bivol Radu și Asociații brings together highly experienced lawyers, along with insolvency practitioners, tax advisers and other consultants it works with. Our attorneys have many years of experience not only in advising distressed companies, but also in helping private and institutional creditors protect and enforce their rights against insolvent debtors, including by obtaining and enforcing security interests over suitable collateral.

Taking a holistic approach, the team draws on local and multidisciplinary skills to advise on every aspect of restructuring and insolvency. In working out a recovery plan, we comprehensively assess the available options under civil, corporate, labour and insolvency law.

Our services cover both debtor and creditor assistance, alongside complementary work:

• Insolvency analysis and liquidity planning
• Preparation, review and monitoring of recovery plans, including measures to strengthen the capital structure

Debtor assistance

• Limitation of board member liability
• Advising and representing debtors in insolvency
• Debt restructuring
• Performing and non-performing loans

Creditor rights

• Defending against insolvency petitions
• Representing creditors in creditors’ committees
• M&A in insolvency
• Business transfers
• Portfolio transfers
• Contracts