Debt rescheduling, reorganisation plans, bankruptcy proceedings and asset acquisitions — acting for debtors, creditors and investors alike.
Contact usFinancial difficulty is no longer rare: economic shocks, market shifts, supply chain disruption and competition force many companies to reconsider their model.
Restructuring gives the healthy parts of a business a chance to survive, makes agreement with creditors possible and lets trading continue on sustainable terms.
Bankruptcy, where nothing else is possible, is the lawful and transparent way to close a business, settle obligations as far as they can be settled and protect the rights of those involved.
In both cases the outcome depends on advisers who know how to protect the client’s position and manage complex procedures. We work from the first signs of difficulty through to representation in court.
Twelve areas of work across rescheduling, reorganisation and insolvency.
Five stages, from the first assessment to continuing support.
We analyse the financial position and legal risk to determine whether restructuring, reorganisation or bankruptcy is the answer.
We set a clear plan of steps and agree the priorities with the client.
We prepare and file everything required before courts, regulators and creditors.
We act for the client before every relevant institution throughout the process.
We stay involved after the procedure so the business remains stable and compliant.
A sample of recent work in the sector.
Negotiated with creditors and prepared a reorganisation plan that rescheduled the debt and kept the business and its jobs.
Advised an investor acquiring the assets of a failed company, from legal review to representation in court.
Took part in proceedings spanning Serbian and EU companies, coordinating procedures and recognition of foreign decisions.
Represented a group of banks in negotiations and the adoption of a reorganisation plan for a large retail company.
As early as possible — at the first signs of difficulty in meeting obligations: late payments to suppliers, illiquidity or excessive reliance on short-term funding.
Early restructuring lets a company preserve its core processes, reorganise its debt and secure additional capital. The earlier it starts, the better the chance of avoiding bankruptcy.
Not necessarily. Bankruptcy can also work as a reorganisation mechanism: inefficient assets can be sold, debts reduced and new investors brought in to take over part of the business.
In practice, parts of a company can continue to operate and generate revenue after proceedings open. Our task is to recognise where bankruptcy is an opportunity for a fresh start rather than a final step.
Creditors are central, as the holders of the claims. They take part in preparing and voting on the reorganisation plan, decide on the extent and manner of settlement and monitor implementation.
Their cooperation is decisive. In restructuring, creditors often achieve better settlement terms than in classic bankruptcy, which is why they should be involved from the start.
It can be an attractive opportunity, but it carries risk without a detailed legal review. Before purchase it is essential to check registered encumbrances, disputed rights and unresolved obligations.
We run due diligence on the documentation and the sale procedure so buyers know the assets are free of legal obstacles.
Proceedings involving companies, creditors or assets in more than one country. Different legal regimes have to be coordinated and decisions made in one jurisdiction recognised in another.
That usually means working with foreign courts, insolvency administrators and regulators, and applying international conventions.
Tell us where the pressure sits and we will set out whether restructuring, reorganisation or insolvency is the route.
Contact usRecent writing on corporate structures, transactions and tax.
Legal developments in Serbia and the EU, each with the step it asks of your business.
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