Bankruptcy Compliance

Against the background of economic instability, risks associated with bankruptcy, including of subsidiaries or counterparties, are growing. Errors in structuring and executing transactions, organising work within a group of companies and with counterparties, and restructuring debt can have the most adverse consequences. These include challenges to transactions, persons being qualified as controlling the debtor and being held subsidiarily liability, subordination or complete loss of claims, loss of valuable assets, and loss of control over procedures. Timely bankruptcy compliance is the way to mitigate such threats.

The BGP Litigation product based on comprehensive analysis of the status of parent and subsidiary companies, as well as counterparty companies, allows errors in structuring and execution of transactions to be found and corrected, work to be arranged within a group of companies and with counterparties, and debt creating bankruptcy risks to be restructured.

Bankruptcy Practice has vast experience in bankruptcy compliance, bankruptcy, representation in disputes over subsidiary liability projects, etc. The Practice team understands the unique specifics of dealing with bankruptcy projects and identifies bankruptcy risks at an early stage.

Identification of bankruptcy risks both within a group of companies and when dealing with counterparties helps in mitigating these risks, saving the client’s business, their time and money, and protecting company executives against subsidiary liability.