Negotiations with banks a.o.

Area of Expertise

Specialises in advising banks, corporates, shareholders, creditors and debtors on debt restructuring, turnaround and insolvencies, mainly in proceedings with cross-border environment; Collaboration with insolvency administrators in cross-border insolvencies in the scope of Council regulation (EC) 1346/2000 on insolvency proceedings.
In his career he has advised on numerous high profile debt restructurings and insolvencies, be it domestic, EU cross-border or international, including ISPAT International, Orinoco Iron, Lloyd Werft Bremerhaven, Cassens Werft SSW, VermögensGarant AG, F&P AG&Co.KG, ae group AG and Trevira GmbH.
Corporate counseling, legal counseling in mergers and acquisitions.

Languages: German, English, Polish

 

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Office Frankfurt
Tel: +49 69 348 771 660

Office Poznan
Tel: +48 61 880 1067

Email: ABunk@blpa.law

 

Negotiations_banks_Bschrbng

Many restructuring efforts fail, contrary to general belief not due to the economic conditions, but because of the clumsiness of the consultant. The frequently expressed complaints about irrational behavior of the lender (banks, etc) in a crisis situation is very often based on a lack of understanding, what is feasible for a credit provider and what is not. In many cases, the decisive factor is not the extent of the necessary economic contribution but rather the set-up and arrangement.

Again and again, we are faced with situations, in which restructuring plans are submitted that are either not at all or only in an inadequate manner discussed and communicated to the creditor. Already for very practical reasons (with regard to timing of internal procedures necessary for a decision), such plans are doomed to fail. For a successful agreement on the restructuring plan, transparency and ongoing communication with the participants is more important than the actual economic contribution required.

You can profit from the experience of our team leader in this area, who has worked, partly also in-house, as person in charge in such situations. As is often the case in sales, not only the content of the reorganization plan is important but also the way it is conveyed to the creditors. The only thing scarcer in a crisis than cash is trust.

We are happy to assist you in the planning and communication with creditors, either by taking over the entire process or only selective areas. Please contact us for more information.