Corporate Recovery & Insolvency
In the current market turmoil companies face challenges to which they must react. The legal aspects thereof are equally important as the financial aspects
Challenging market conditions
In the current market turmoil, companies are facing challenges that present threats to their financial performance and viability. Revenues go down, liquidity runs dry, banks are becoming ever more stringent in providing loans and debtors delay their due payments or choose not to pay at all. Companies, banks, creditors and other stakeholders have to react to these changes quickly and effectively. Holland Van Gijzen, on its own or in conjunction with the various disciplines of Ernst & Young, can provide professional and high-quality assistance in such matters.
Examples of our services
- Map out bad debt exposure. Have the securities been vested properly and what are the possibilities to decrease bad debt exposure?
- Assist in refinancing the business.
- Restructure the corporate structure to minimize the risks and to reduce expenses.
- Assist with collective payment arrangements with creditors.
- Assist with the sale of one or more parts of the business.
- HR solutions, collective dismissals, negotiations with works councils and trade unions.
- Continuation of the business out of a bankruptcy situation.
- Risk analyses to decrease insolvency related risks, like directors' liability and invalidation acts such as the 'Actio Pauliana'.
- Assist banks and creditors (in or outside proceedings) in collecting due payments on companies in financial difficulties.
- Act as an administrator or as a trustee.
- Advise on and litigate in directors liability proceedings.
- Advise on cross border insolvency matters.
- Voluntary liquidations.
Multidisciplinary services
In cooperation with Ernst & Young, if requested, we can also provide both financial and fiscal services. Please consider the following services:
- Achieve sustainable cash flow improvement.
- Perform appraisals for obtaining additional financing or for the sale of parts of the business.
- Tax efficient restructuring to realize tax savings.
The restructuring team
The restructuring team of Holland Van Gijzen assists companies, its shareholders, banks, investors and creditors and has extensive experience. The team members are specialists in the areas of finance law, banking and capital markets law, corporate law, commercial law and labor law as a result of which specialized knowledge is directly available, not only nationally but also internationally. Through our close cooperation with foreign counsels and Ernst & Young, Holland Van Gijzen is able to offer services in more than 140 countries. The members of the team are also regularly appointed as administrators and as trustees in bankruptcies. The team acts swiftly with the aim of short term recovery and success for the future.
