Insolvency and Restructuring
Due to the continuing global credit crunch, many companies are being forced to quickly restructure because of lack of credit. PRK Partners can help. Though challenging, this economic climate does offer business opportunities, as well as opportunities for business to streamline, optimise and adapt business operations to the current environment to prosper post restructuring. Our skilled attorneys understand those opportunities and are helping our clients seize upon them. We are active in many complex group restructurings (both within and out of insolvency proceedings), involving numerous creditors and various categories of assets.
In the event of insolvency, we advise a wide range of creditors, from institutions to turn-around specialists, on establishing and protecting their rights. We also provide and procure services related to the liquidation of corporate entities.
- Negotiated a stand-still agreement with banks and other creditors on behalf of an electricity trader in order to restructure and secure debt after a market disruption on the energy exchange
- Assisted Kommunalkredit Austria AG in its bankruptcy proceedings, with the claim amount totalling approximately CZK 90 million.
- Represented a significant international cinema operator and entertainment centre in the recovery of its claims during enforcement proceedings.