Restructuring, financing and security

Restructuring and insolvency
Our lawyers have extensive experience in advising and assisting businesses with respect to restructuring and insolvency matters, before as well as during moratorium and/or bankruptcy procedures. In such cases, we advise our clients on national and international insolvency law, liquidation, assets and liabilities transactions, and re-launching options.

Financing and security
In addition, we advise and assist businesses in the implementation of financing and security arrangements. We also assist you if banks threaten to demand repayment of the financing. In the present economic climate, banks and other financial backers will critically examine your (company's) situation if you have banking credits and you are about to refinance them or to take out new credit. This may have unfavourable consequences such as the following:
 

• With respect to existing financing, your credit provider may attempt to demand early repayment or to tighten up the relevant terms and conditions in some cases. For this reason, we recommend that you check your existing credit documents with respect to factors such as financial ratios, interest rates and positive pledge clauses.
• Since banks and other financial backers are cautious when it comes to granting and arranging refinancing and new financing, you should start making preparations for refinancing or renewal in plenty of time. What conditions apply in such cases? This question is of particular importance if a financial backer accepts a mandate to arrange for new financing or re-financing, and also in the event of syndicate funding.