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:

1. 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.

1. 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.