Assistance for businesses in financial difficulty
TOWERY Law Firm assists companies and their executives, shareholders, and investors with all aspects of corporate financial difficulties. When a company faces difficulties—whether structural or cyclical—its executives often find themselves at a loss due to the complexity of the relevant legislation and the multitude of stakeholders involved.
TOWERY Law Firm includes among its members practitioners with over 20 years of experience in this field, who, thanks to their legal and financial expertise and their knowledge of the various stakeholders, are able to effectively assist and advise companies and their executives, shareholders, and investors facing such situations, covering all aspects of the law governing distressed companies.
These members of TOWERY have been involved in various legislative initiatives specifically aimed at resolving companies’ financial and structural difficulties, and are members of the leading professional associations in the field (Association pour le Retournement des Entreprises (ARE), INSOL Europe).
Preventing difficulties
TOWERY recommends addressing a company’s financial difficulties as early as possible. By identifying and addressing these difficulties early on, a company can avoid the negative consequences of bankruptcy proceedings.
TOWERY thus places particular emphasis on preventive measures (ad hoc mandates, conciliation) that enable companies to effectively address financial difficulties through amicable and confidential means (identifying the causes of the difficulties, negotiating with bank and public creditors, etc.).
Insolvency Proceedings
TOWERY Law Firm assists companies in navigating insolvency proceedings, whether they involve safeguard, reorganization, or liquidation proceedings. TOWERY Law Firm supports companies and their executives in their dealings with the courts, trustees, and court-appointed administrators, and in the development of safeguard and reorganization plans, always striving to find the best possible solution.
TOWERYalso assists executiveswhen their liability is challenged by the authorities overseeing insolvency proceedings.
Takeovers of companies in financial distress
TOWERY has also developed expertise in advising potential buyers of companies infinancial difficulty, whether in the context of preventive proceedings (pre-packaged sales,turnarounds) or insolvency proceedings (sale plans, sales of isolated assets, etc.).
Furthermore, the complementary nature of the services provided by the attorneys at TOWERY enables them to offer prospective buyers sound advice on structuring the proposed acquisition.
