Ideally, companies anticipate reorganisation or restructuring measures in order to prevent crisis situations from arising in the first place. In fact, the signs of an impending crisis are often overlooked, misjudged or negligently ignored by the management. We can advise and assist in the challenging process of corporate reorganisation and restructuring for all parties involved in all project phases before the onset of the crisis, during the crisis with the aim of avoiding the obligation to file for insolvency and also after the onset of the material insolvency with the focus on the continuation of companies that are capable of being restructured.
Ideally, companies anticipate reorganisation or restructuring measures in order to prevent crisis situations from arising in the first place. In fact, the signs of an impending crisis are often overlooked, misjudged or negligently ignored by the management. We can advise and assist in the challenging process of corporate reorganisation and restructuring for all parties involved in all project phases before the onset of the crisis, during the crisis with the aim of avoiding the obligation to file for insolvency and also after the onset of the material insolvency with the focus on the continuation of companies that are capable of being restructured. Once the crisis has occurred, depending on the circumstances, various frameworks and diverse reorganisation instruments are available to secure the company's continued existence in the long term, in particular judicial reorganisation proceedings and judicial restructuring proceedings, but above all also out-of-court reorganisation, in which insolvency is secured through bilateral agreements with creditors without the involvement of the court. In the event of impracticability or failure of an out-of-court restructuring, a well-prepared insolvency managed by a lawyer within the framework of judicial restructuring proceedings can pave the way for a successful continuation of the business. We are very familiar with the dynamics that arise, in particular, in family businesses that are in danger of going out of business. FSM's corporate and company law team also advises and assists in the formal liquidation of legal entities outside of reorganisations and insolvencies.