Since the global financial crisis, insolvency law has evolved to meet the challenges of economic reconstruction. Changes include the harmonization of domestic insolvency laws across the EU and the review of the insolvency proceedings regulation by the European Commission.
EY’s work includes all forms of reconstructions, from in-house solvent reorganizations to reorganizations designed to avoid formal insolvency. In connection with financial distress and pre-bankruptcy circumstances, EY assists banks and private equity funds confronting various types of business crisis situations from both a business and credit perspective.
EY’s team is made up of multidisciplinary experienced professionals who are able to harness the resources of our organization as a whole, with a focus on bankruptcy and restructuring matters complemented by practice areas such as real estate, pensions and employment. This flexibility lets EY tailor our resources to best suit your needs.
Corporate restructuring and formal insolvency
EY’s offerings include:
- Restructurings and rescue securitizations
- Moratoriums, work-outs and standstills
- Rescheduling of debts, debt-to-equity swaps and other forms of capital restructuring
- Restructuring by means of corporate finance transactions (buyouts, M&A and new equity investment), corporate restructurings avoiding formal insolvency procedures (schemes of arrangements) and restructurings through insolvency processes (bankruptcy sales and purchases)
- Structured receiverships
- Purchase and sale of bankruptcy claims
Transaction planning
Besides getting involved when companies are facing financial challenges, EY advises on other transactions, which may include assessing insolvency risk, introducing measures into the structuring and drafting a deal to get protection against a subsequent counterparty insolvency.
Insolvency dispute resolution
EY’s team can help with a full range of dispute resolution issues, from bringing and defending avoidance actions, to sanctions against directors, to contested debt recovery and winding-up proceedings. Dispute resolution may also include:
- Protection of assets from creditor claims
- Cross-border recovery asset freeze and search operations