Distressed Companies

The state of default on payments, or the inability to meet all liabilities with a company’s total assets, remains at the heart of the system. Today, new insolvency proceedings have placed a greater emphasis on prevention.

Our areas of expertise

Undue Support

Undue support describes the financial support provided by a creditor, namely a bank, to a company in an irremediably compromised…

Distressed Companies

Irremediably Compromised Situation

An irremediably compromised situation occurs when the company is unable (irreversibly) to pursue its operating activity.

Distressed Companies

Mismanagement

Company managers or officers may be pursued in Justice for violating regulatory or legislative provisions caused by management errors.

Distressed Companies

Date of Default on Payments

A company’s default on payments is a sufficient cause that justifies the initiation of insolvency proceedings that results in either…

Our Objectives

We write supporting reports on behalf of our clients and their legal representatives on wide-ranging issues related to distressed companies or insolvency proceedings. Namely, we provide an opinion on the:

Determination of the date of default on payments;
Existence of management error;
Existence of an irremediably compromised solution;
Undue support provided by creditors