The rehabilitation procedure of the legal entity is a multi-staged procedure with the participation of the court, prosecutor, authorized body, creditors, temporary administrator and rehabilitation manager. It is based on the establishing of insolvency or the threat of insolvency of the debtor by the court, as well as approving the rehabilitation plan aimed at paying off debts to creditors at the expense of implementation of measures of a restorative nature.
The procedure for accelerated rehabilitation of a legal entity is a simplified procedure for the recovery of a debtor, based on the establishment by the court of insolvency or the threat of insolvency, as well as the approval of an accelerated rehabilitation plan agreed in advance with individual creditors aimed at paying off debts to creditors.
Our task is full legal support of the rehabilitation process, including: the stage of development of the rehabilitation plan, coordination of the plan with creditors, strengthening the negotiating position of the debtor in relations with creditors. Ensuring predictability of decisions made by the administrator, meeting and committee of creditors. Counteraction to hostile actions of creditors aimed at preventing the debtor from applying for rehabilitation or early termination of the procedure.
RESULT OF WORK FOR THE CLIENT:
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Analysis and preparation of the debtor. We will develop a strategy and an optimal plan for conducting a managed (safe) rehabilitation procedure (accelerated rehabilitation) of the debtor. We will check and eliminate inconsistencies in the financial, tax and management reporting. We will prevent criminal, administrative and other liability of officials of the legal entity - the debtor (JSC, LLP, etc.);
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Representation of interests in work with creditors. We “disconnect” all creditors from you and independently organize work with them. We model and implement acceptable mechanisms of interaction with creditors. Together with the debtor, we will develop a rehabilitation plan that meets the interests of the debtor and coordinate it with the creditors. We will prevent hostile actions by unfriendly creditors;
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Representation of interests in judicial authorities. We will achieve the adoption of a judicial act on the application of the rehabilitation procedure (accelerated rehabilitation) to the debtor, on the approval of a rehabilitation plan that meets the requirements of the law and the interests of the Client. We will provide a highly qualified representation of your interests throughout the procedure using all possible legal instruments;
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Selection and support of the administrator. We will provide an administrator’s opinion regarding the possibility of conducting a rehabilitation procedure. We will control and replace the destructive administrator. We will cancel the decisions of the administrator on the illegal inclusion in the register of claims of affiliated creditors. We will provide the services of our highly qualified rehabilitation manager.
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