Sometimes business circumstances require the combined use of different
and complex legal procedures. This need is particularly important when
a company or group of companies, due to various objective and personal
factors can no longer cope with the problems. Business problems are
best solved without participation of lawyers, by making strategic
decisions, but it is not always possible, and sometimes even delayed.
These relevant legal procedures of crisis management are strategic
segments of our service.
We can outline some of the most common form of crisis management,
which helps you get a better understanding of the service:
* a) problematic assets management - Often company or groups of
companies which are focused on the sale of goods or services are not
able to receive equivalent consideration of the sold assets in proper
time, which sooner or later leads to the interruption of normal
operational process. In such cases, all resources of a company are
used for the “recovery” of debts, instead of the main activities
of business, which still does not bring desired results.
In order to solve the problems mentioned above, we provide the overall
evaluation of problems and risks. We consider the value of the
problematic assets; inconvenience related to the limitations and
documentary evidence of the proofs and afterwards determine the asset
management strategy. To save time and money we actively use
alternative means of dispute resolution, negotiations, mediation and
arbitration. Eventually, our clients get the method of dealing with
crisis which is working effectively and efficiently even after the end
of our contractual relationship. Our strategy has been tasted many
times while managing the assets of commercial banks and
telecommunication companies and has proved its viability. So we can
once again try to find a successful cooperation with our prospective
clients.
* b) Insolvency proceeding - Whenever the company is unable to
perform contractual obligations, ownership/management of the company
is not a favorable perspective. However, still, this is not the end.
Insolvency proceedings initiated by your company will give you a
chance to fulfill your obligations in acceptable and reasonable mode.
If you are a creditor, we will take care of your interests during
insolvency proceeding. If you are a debtor, we will assist you to
provide debt restructure or the winding-up procedures, according to
the best interests of our clients.
Last but not least, crisis management and its strategy is an
individual and complex procedure which is not limited within the scope
of services discussed above. We do provide business crisis situations
management in any other circumstances as well.
