1. Business Rescue (Turnaround)
Business turnaround strategies are in increased demand due to the global economic downturn. DBP advisors can assist clients facing strategic management challenges often associated with the global economy. Under Romanian Law, turnaround may be achieved either by extra judicial procedures […]
2. Bankruptcy
Bankruptcy proceedings (or liquidation) essentially aim at liquidating all of the debtor’s assets with a view to covering its receivables. This is either when the debtor cannot successfully implement a reorganization plan or due to various reasons there is no interest for a restructuring […]
3. Company Closure
Voluntary liquidation is when a company decides to dissolve itself on its own terms, as approved by the shareholders of the company. The decision usually occurs when a company decides that it has no reason for operating anymore, or if it is not feasible to operate anymore. […]
4. Special Trustee services
Within 10 days from the commencement of the general proceedings (or as the case may be, from the date the debtor’s right to manage its estate has been withdrawn), the shareholders’ meeting of the debtor (or its sole shareholder) must appoint a special trustee (legal or natural person). […]
5. Cross border insolvency
Many of our clients are international clients acting either regionally or even globally. The cross-border insolvencies bring a lot of complexity to the cases as it entails a close cooperation between the participants to the procedures in the relevant jurisdictions. […]
1. Business Rescue (Turnaround)
Business turnaround strategies are in increased demand due to the global economic downturn. DBP advisors can assist clients facing strategic management challenges often associated with the global economy. Under Romanian Law, turnaround may be achieved either by extra judicial procedures […]
2. Bankruptcy
Bankruptcy proceedings (or liquidation) essentially aim at liquidating all of the debtor’s assets with a view to covering its receivables. This is either when the debtor cannot successfully implement a reorganization plan or due to various reasons there is no interest for a restructuring […]
3. Company Closure
Voluntary liquidation is when a company decides to dissolve itself on its own terms, as approved by the shareholders of the company. The decision usually occurs when a company decides that it has no reason for operating anymore, or if it is not feasible to operate anymore. […]
4. Special Trustee services
Within 10 days from the commencement of the general proceedings (or as the case may be, from the date the debtor’s right to manage its estate has been withdrawn), the shareholders’ meeting of the debtor (or its sole shareholder) must appoint a special trustee (legal or natural person). […]
5. Cross border insolvency
Many of our clients are international clients acting either regionally or even globally. The cross-border insolvencies bring a lot of complexity to the cases as it entails a close cooperation between the participants to the procedures in the relevant jurisdictions. […]