Bankruptcy
A bankruptcy can be a hectic process driven by a number of financial and political factors. Therefore, we need to know the Bankruptcy Act inside out to find a practical and legally viable solution that fits with the overall creditors’ interests.
Our Bankruptcy group has been involved in some of the most comprehensive bankruptcy proceedings following on from the financial crisis and therefore has extensive experience in handling a bankruptcy under time pressure, and in managing a multitude of interests.
We are also permanent trustees for the Bankruptcy Division of the Maritime and Commercial Court in Copenhagen and the Bankruptcy Court in Aarhus.
Our lawyers’ roles as trustees contribute a differentiating factor to our advice because we gain insight into the many divergent interests that need to be combined to deliver the best-value solution, and at the same time build up valuable knowledge about each individual business we work with.
This allows us to achieve the best possible solution for creditors to a business undergoing restructuring or in bankruptcy proceedings, with respect to aspects like:
- filing and adjudication of claims
- claims for avoidance or damages against the former management of the business, ad-visers or other parties involved.
We also represent customers who want to buy all or part of a bankrupt business, including in relation to:
- pricing
- securing the transfer of relevant assets and information
- special issues relating to the transfer of a bankrupt business.
Kromann Reumert's Project Centre also assists in the practical aspects involved in bankruptcy proceedings.
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