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Restructuring & Insolvency Proceedings
Restructuring & Insolvency Proceedings
No company wants to find itself in financial distress. But having a skilled, knowledgeable and experienced team by your side during these difficult times can be the difference between failure, and a good outcome. With experienced advice, some ailing businesses can get through the rough patch and come out stronger on the other end – for the benefit of their creditors, employees and owners.
The Hungarian market has undergone tremendous changes over the past thirty years, and the Restructuring and Insolvency team at KNP LAW has been by our clients’ side during that time to help them navigate challenges during the inevitable difficult periods.
Now especially more than ever due to the COVID-19 pandemic, we are mindful of the severe disruptions that continue to ravage many sectors of the national and global economy, most especially in the travel, tourism and hospitality sectors. Now more than ever, individualized attention and a holistic approach drawing on the experience and expertise of an entire law firm are essential to crafting a strategy that can give clients a path out of the difficult straits in which they find themselves. We have been increasingly called on to help our clients identify and implement creative and effective strategies to ensure that they can weather the ongoing storm without sustaining permanent damage to their business.
More about this service
KNP LAW has experience in assisting debtor companies, creditors and shareholders in complex restructurings and insolvency proceedings. We explore options for clients including bankruptcy and non-bankruptcy choices. Our team advises on all stages and aspects of financial distress, from contingency planning, distressed investments, capital and corporate restructurings and acquisitions and disposals, to formal insolvencies, both contentious and non-contentious. We also represent clients in the preparation and negotiation of debt restructuring. Should litigation become necessary, our lawyers work out strategies and remedies to obtain the largest recoveries on claims.
Although restructuring is often thought of only as a formal, legal proceeding, we prefer to think of it in much broader terms. Ultimately, a company’s goal in restructuring is to find a firm financial footing, and set it up for future success. Achieving that goal requires a holistic approach so that the company does not just survive – but goes on to thrive. At KNP LAW, our restructuring team maintains a constant focus on the big picture, and works with clients to get them through the process and onto greener pastures.
Our team works closely with experts from the firm’s other KNP LAW practice areas, including banking & finance, corporate, M&A, dispute resolution, tax, and litigation to provide our clients the best possible solution to their restructuring needs. Restructuring is not a single lane approach, and we include members with expertise in all areas of the law to ensure we are covering all aspects of the legislation involved in restructuring proceedings.
Of course, we are available to help you in situations before a need for formal restructuring arises. Our experienced lawyers are available to serve as a valuable resource help you proactively identify and manage risk in order to prevent potential situations of financial distress.
Client First Approach
We provide solutions for current and anticipated problems through mutual collaboration between our team and yours. We solve and alleviate the legal obstacle.
Our team consists of attorneys trained in several countries, including the United States, Germany, and France.
We are a firm built on cooperation and collaboration not only with our clients – but internally within our firm.
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