Restructuring and Insolvency

Is your business coming under pressure (cash flow, maturities, covenants, banks, suppliers) and do you need to stabilise the situation quickly before it escalates into formal insolvency proceedings? Or are you a creditor looking to maximise recovery and enforce your rights? In crisis situations, outcomes depend on the right strategy, high-quality documentation, and disciplined communication with all stakeholders.

PROXIMA LEGAL provides practical support from pre-insolvency measures (negotiations, standstill arrangements, refinancing, preventive restructuring) through insolvency proceedings, reorganisations, enforcement and disputes—with a focus on preserving value and reaching an effective solution as quickly as possible.

How we can support you

1) Pre-insolvency and preventive restructuring

  • rapid assessment and selection of the optimal route (out-of-court vs. formal framework),
  • cash-flow stabilisation (payment schedules, deferrals, standstill),
  • negotiations with banks, investors, key suppliers and landlords,
  • structuring a restructuring plan, crisis governance and internal controls.

2) Insolvency and reorganisation (debtor-side)

  • preparing filings, process strategy and communications with key creditors,
  • managing reorganisation/insolvency steps to minimise disruption to operations,
  • contractual and operational measures (supplies, leases, employees, financing),
  • protecting management and ensuring decision-making aligns with directors’ duties.

3) Insolvency (creditor-side)

  • insolvency petitions and filing of claims, secured positions and priorities,
  • representation at creditors’ meetings, on creditor committees/bodies and in voting,
  • enforcement of security, coordination with the insolvency administrator, recovery maximisation strategy,
  • protection against opportunistic debtor actions (including related disputes).

4) Disputes, avoidance actions and enforcement in distress

  • disputes over validity/amount/ranking of claims, insolvency litigation,
  • directors’ liability and crisis compliance decision-making,
  • security instruments, enforcement/execution, set-off, claims management and evidence building.

5) Distressed M&A and transactions in insolvency

  • acquisitions of distressed assets or businesses, transaction structuring and risk allocation,
  • “crisis” due diligence, warranties/indemnities and settlement mechanics,
  • transfers of contracts, employees and key permits in connection with the transaction.

Typical matters we handle

  • imminent insolvency risk and the need to stabilise cash flow and negotiate a standstill,
  • tightening lender requirements, covenant breaches, refinancing or restructuring,
  • suppliers stopping performance / demanding advance payments, triggering secondary disputes,
  • creditor-side strategies to improve enforceability and influence over the process,
  • distressed acquisitions requiring a safe structure and fast execution.

How the engagement typically works

  • Rapid diagnostics and strategy (options + risk map).
  • Stabilisation and negotiations (cash flow, standstill, critical contracts).
  • Documentation and process management (plan, filings, communications, evidence).
  • Implementation and value protection (operations, disputes, enforcement, transactions).

Do you need advice?

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