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Bankruptcy liquidation

Over the last few years, debt collection applications have been transferred from the commercial courts and arbitration tribunals to the insolvency court, fuelled in no small part by the exponential growth in the number of debtors seeking the protection of an insolvency action.

The collection of debt through the liquidation of a company can become a time-consuming exercise and often results in the total loss of the claim.

We have an outstanding record in tracking down the assets of insolvent companies and negotiating with co-creditors and judicial practitioners/receivers to achieve the best solution possible within the time constraints of the insolvency procedure and which maximises the financial outcome of the liquidation.

We also advise investors interested in participating in the competitive public liquidation proceedings to acquire distressed assets, such as real estate, equipment and machinery.

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Our Relevant Experience
  • Advising Futureal Management, one of the leading real estate developers and investors in Central Eastern Europe,  in relation to the Parcului project on the acquisition of over 15,000 sq. m. in District 1, Bucharest, one of the main residential areas in the city - valued at EUR 3.7M.
  • Assisting local subsidiaries of AEW Europe in connection with litigation and insolvency matters pertaining to the operation and lease of an office building in Bucharest (Victoriei Square – 27,000 sq.m.) and a shopping mall in Targu Mures (51,350 sq.m.).
  • Assisting the Intercora Group in connection with litigation and insolvency matters pertaining to the operation and lease of their asset portfolio, which included an insolvency claim against Domo and a civil claim against Proges.
  • Assisting Complexul Multifunctional Victoria, a local subsidiary of AEW Europe and owner of the America House Building, in connection with litigation and insolvency matters regarding the operation and lease of an office building in Bucharest (Victoriei Square – 27,000 sq.m.).
  • Assisting ERP Targu Mures, a local vehicle of AEW Europe and owner of the Promenada Shopping Mall, in connection with litigation and insolvency matters regarding the operation and lease of a shopping mall in Targu Mures (51,350 sq.m.).
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