The Restructuring and Insolvency team of BR is formed by lawyers with solid experience and in-depth knowledge of the insolvency and corporate related law, frequently representing the interests of creditors, members of the statutory bodies and also shareholders of companies who are faced with such processes, including ongoing strategic advice to members of statutory bodies on eventual criminal matters that might arise from the process itself.
Our Law Firm provides expert advice and assists companies in economic difficulties, or in imminent insolvency situations, under the new "Special Revitalization Procedure" ("Processo Especial de Revitalização").
Our team intervenes during all phases of the corporate Revitalization procedure, assisting the Company throughout the whole negotiation process, with their creditors and the Insolvency Administrator, with a view to concluding Agreements and the approval of corporate recovery plans, and subsequent court approval.
BR also provides special legal consultancy for companies in economic difficulties or imminent insolvency, under the new approved extrajudicial legal procedure ("Sistema de Recuperação de Empresas por Via Extrajudicial"), procedure that is mediated by "IAPMEI", The Portuguese Institute that supports small and medium sized Enterprises., with participation by creditors that represent at least 50 % of the company debts, in order to provide out of Court Agreements aimed to recover companies in difficulties.
The Restructuring and Insolvency team is qualified to provide legal advice on restructuring and insolvency in issues related to:
- Company insolvency cases, either on behalf of creditors, of the members of the statutory bodies or of the shareholders of the insolvent companies;
- The recovery and restructuring of companies, which may arise directly from insolvency proceedings, following the approval of recovery plans, or may be used as a preventive measure or for maximizing the effective use of resources ;
- Advice in special pre-insolvency processes (including PEAPs);
- Advice to creditors on the acquisition of goods from insolvency estates;
- Advice on qualifying events, including from a criminal perspective.
