If strategic crises are not detected in time, the consequences are often far-reaching – from a short-term failure to achieve results and profitability targets through a permanent reduction in financial performance. Such situations require swift adjustment of priorities and the introduction of appropriate measures.
Our range of services
We avail of a multidisciplinary team of restructuring specialists comprising auditors, tax advisors and attorneys-at-law experienced in collaborating with and advising business leaders, financial institutes, turnaround and venture capital experts who support you in operative and strategic restructuring during crisis situations. Furthermore, we also support you in drawing up, implementing and analyzing reorganization concepts as well as the sale of companies and divisions during crises and insolvency proceedings.
Our range of services
Specifically, we offer you the following services in particular:
In the event of imminent illiquidity or over-indebtedness a company may apply for protective shield proceedings pursuant to § 270b InsO, during which the company is managed by its regular management under the supervision of a so-called trustee with a view to draw up an insolvency plan for the restructuring of the company. Protective shield proceedings may not last for more than three months. Together with the application, the company needs to provide a certification by an insolvency expert outlining that the company is over-indebted or imminently illiquid but not already illiquid and that the envisaged restructuring does not manifestly lack the prospect of success.
We avail of a multidisciplinary team of auditors, tax advisors and attorneys-at-law experienced in insolvency matters who have already drawn up numerous such certifications leading to the initiation of the protective screen process.
In corporate crises and insolvencies, sound and detailed liquidity planning is one of the most important steering instruments in preventing culpable delays of insolvency applications which may be necessary and in order to initiate measures to relieve and improve liquidity at an early stage with the aim of extending the scope for manoeuver by management and safeguarding continuation of the company.
A comprehensive analysis of the company’s value drivers and current financial situation enables our experts to consider various scenarios and sensitivities in developing sound short- and medium-term liquidity plans which take adequate consideration of risks and identify future capital requirements as accurately as possible.
During insolvency proceedings, the members of creditors’ committees have the task of examining monetary transactions and monetary holdings. Audits often lead to significant involvement by members of the creditors’ committee in terms of time and personnel.
We can carry out efficient cash audits using our risk-oriented audit approach. We supply the creditors’ committee with a detailed audit report providing a comprehensive and transparent overview of the insolvency administrator's work.
Within the framework of examination of the final account, we examine the formal and material integrity of the insolvency administration. Our risk-oriented audit approach permits efficient and professional auditing. Our audit for the insolvency court offers a transparent and comprehensive overview of financial reporting by the administrator and the results of our audit.
Our dedicated teams collaborate with our clients to create tailored solutions.