Insolvency, Bankruptcy and Winding-up
We assist our clients in insolvency proceedings, representing them in their dealings with receivers and liquidators, as well as in general meetings and on management committees.
Our expertise in insolvency proceedings consists of understanding all aspects of the commercial framework governed by the insolvency law. Thus, if your company is facing an unfavorable debt situation or if interest rates and penalties exceed the value of your assets, do not hesitate to contact us. Insolvency proceedings aim to recover debts that are certain, of a fixed, liquid and enforceable nature from a company that is unable to pay its debts.
The procedures laid down by the provisions of insolvency law protect creditors from the random and unfair nature of individual enforcement.
We provide legal advice, assistance and representation for
- the drafting of the request of initiation of insolvency proceedings at the request of the debtor or at the request of the creditor, both with regard to the procedure governed by Act 85/2006 and that governed by Act 85/2014
- the drafting of the request for admission on the creditors’ list for the enforcement of rights where insolvency proceedings have been initiated against a debtor
- the drafting of the request for the reinstatement of the proceedings if the liquidator or receiver of a debtor who has become insolvent has not notified you of the initiation of the proceedings
- the drafting of the request for the liability of the receiver both where creditors seek the liability of the receiver or of the management bodies, and where the receiver or the management bodies of the insolvent company should defend themselves against such a claim.