Restructuring at the time of COVID-19 pandemic

The crisis related to COVID-19 pandemic forces many enterprises to restructure. To make the right choice as to how to do it one should consider the advantages and disadvantages of the available solutions, including the tools provided in the legislation to counteract the impact of COVID-19. The anti-crisis shield and the financial shield offer legislative measures related to, among others, out-of-court and in-court restructuring.

Rödl & Partner experts have developed a brochure entitled “Restructuring at the time of COVID-19 pandemic” in which they present selected business restructuring solutions and discuss the most beneficial ones.

The brochure describes among others:

• simplified restructuring proceedings introduced under “Shield 4.0”,
• impact of state aid under the anti-crisis shield and financial shield on restructuring proceedings,
• obligations of the management board of a company facing bankruptcy,
• out-of-court restructuring of public law liabilities in the context of state aid.
   

 The brochure may be especially useful to enterprise owners who had to introduce major organisational changes in their businesses due to COVID-19.