The global financial crisis has pushed many businesses into a state of instability. When companies are struggling with difficult choices, Taj can assist with suggesting options to help recovery, such as restructuring outside of insolvency proceedings (specific pre-insolvency procedures such as “mandat ad hoc” and “conciliation”), a structured sale or provide assistance with judicial insolvency proceedings. We work with both companies in distress and potential buyers (corporate or specialized investment funds), shareholders and directors, creditors and insolvency administrators.
Taj insolvency practices bring years of experience in working with third parties such as bankers, turn-around investment funds, lawyers, insolvency courts, credit insurers, and public authorities. Taj works together with colleagues who have specialized skills in financial, tax or labor law from around the world to deliver guidance based on multiple points of view. Taj leads a Deloitte specialized working group of insolvency lawyers.