Our practice group covers the following areas:

• Corporate restructuring and reorganization schemes: both domestic and cross-border turnaround projects, including pre-packs while in an in-court moratorium or out-of-court
• Distressed M&A: acquisitions or divestitures of businesses in financial distress, during a moratorium or bankruptcy, including the carve-out of assets or operations (cherry-picking)
• Corporate governance: advice to boards of directors and individual directors/CEO about their duties in times of financial distress, including regarding crisis management, risk management, restructuring measures, obligation to initiate insolvency or bankruptcy proceedings, disclosure obligations, (equal) treatment of creditors and directors and mitigation of liability risks

• (Re)financing: distressed business (re)financing and re-scheduling of claims, including advice in the context of a default, negotiation of standstill agreements, analysis and (re)negotiation of credit agreements and restructuring of securities (pledged assets and others), and the structuring and negotiation of bridge loans, convertible loans and debt-equity swaps
• Bond restructuring: restructuring of bonds and other notes, including assistance to lead managers, issuers and bondholder representatives on bondholder meetings and listing aspects
• Employment: advice on TUPE-like transfers of employees (outside or during a composition moratorium), mass dismissals and regarding social plans

• Recovery and enforcement: recovery and enforcement proceedings under the Debt Enforcement and Bankruptcy Act (DEBA), such as initiating debt collection or foreclosure, bankruptcy filings, attachment orders and other provisional measures as well as enforcement of foreign judgments and arbitral awards as well as foreign insolvency decrees and the representation of foreign bankruptcy trustees and receivers in Switzerland
• Insolvency-related litigation: actions to challenge schedules of claims, clawbacks as well as liability claims against directors and officers
• Tax: tax-efficient corporate restructurings and refinancing, including tax rulings