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RESTRUCTURING AND CONTINUITY

Preventive composition: assessment, planning and implementation

A restructuring plan needs to reflect the company’s actual circumstances. AKTIV-LEX supports the preparation and conduct of Romanian preventive composition proceedings, known as concordat preventiv, from assessing the difficulties to monitoring the agreed measures.

Before the proceedings: clear information and realistic objectives

We assess financial information and obligations to understand the difficulties and prepare the relevant documents. The initial assessment examines whether the proposed direction suits the company and what conditions need to be considered.

A plan developed with the debtor

Preparing the plan involves aligning restructuring measures with the company’s operations and the position of creditors’ claims. Our support may cover preparation of the plan, communication and negotiations with creditors, and the procedural activities within our appointment.

  • Assessment of financial distress and preparation of documents
  • Structuring claims and preparing the restructuring plan
  • Assistance with creditor dialogue and procedural stages
  • Monitoring measures and related reporting

Implementation matters as much as the plan

Once measures have been defined, progress needs to be monitored against the company’s commitments. Monitoring helps identify differences between the plan and actual developments within the applicable proceedings.

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QUESTIONS AND ANSWERS

What we should clarify.

What is the role of preventive composition proceedings?

Concordat preventiv is a Romanian insolvency prevention instrument aimed at restructuring a company in difficulty. Its applicability and the specific steps are assessed against the company’s circumstances and the rules in force.

Who participates in preparing the plan?

The team works with the company’s management using the relevant legal, financial and operational information. Relationships with creditors are an important part of the process.

Can this page tell me whether my company is eligible?

This page introduces the service. Establishing the applicable conditions requires a specialist to examine the company’s position and documents.

Does preventive composition automatically reduce debt?

No. The content of a plan and its effects depend on the particular circumstances, the proposed measures and the stages of the proceedings. A specific result cannot be promised before an assessment.

AKTIV-LEX / THE NEXT STEP

Need a direction for restructuring?

Describe the company’s circumstances and financial challenges. We can help clarify what needs to be assessed before deciding on the next steps.

Discuss preventive composition