The purpose of restructuring is primarily to protect against bankruptcy. The process itself consists of taking measures to improve the situation of companies. Restructuring is any type of undertaking that is intended to increase the profitability of a given company. These can be legal as well as economic or marketing measures. Our specialists carry out the following restructuring processes: Restructuring of companies We specialise in both remedial restructuring, concerning the rapid improvement of the efficiency of companies in a situation of prolonged crisis and the threat of insolvency, carried out mostly on the basis of the provisions of the Restructuring Law Act, as well as developmental restructuring, which has a prospective character. Restructuring of companies in crisis We build our cooperation offer based on the individual character of our client, directing it both to companies in crisis and creditors. We appoint an interdisciplinary team of experts to carry out restructuring projects, including financial modelling, restructuring consultancy, law, management, tax and accounting, experienced negotiators and market analysts. Pointing to the specificity and multi-faceted nature of the change phase that results from the architecture of restructuring operations, we provide: [...]
I want to analyse ways out of the crisis A crisis concerning economic performance and the ability to cover current liabilities is a crucial stage in the life cycle of a company, where the choice of the right management tools determines its continued survival and development. The cooperation we undertake in protecting a company is first and foremost an awareness of its specificity and individuality. However, our many years of experience in successful recovery solutions for large companies as well as the SME sector and the variety of restructuring processes carried out, allow us to use proven instruments to exit the crisis and return to operational efficiency. Our overriding aim is to protect our clients' businesses, ensuring the security of cooperation and guaranteeing the highest standards of service. In turn, our passion for creating and implementing an architecture for business recovery, developing legal, financial and market solutions to restore business efficiency, pays off with the trust of our clients and thus with a doubly successful restructuring for us. We have developed a position as a leading player in the law and practice of restructuring proceedings. Our crisis management offering includes activities within the process: [...]
Running a business often involves considerable discomfort, risk and often makes it difficult for entrepreneurs to function normally. Usually, the bankruptcy of a business is the result of a long process that can be predicted. The key to protecting yourself from bankruptcy is to exercise ongoing control over your business finances and make responsible decisions. Here is some advice on what to do to avoid bankruptcy: 1. conduct an analysis of the economic situation of your business 2. consult a restructuring advisor who can help you understand the legal processes involved in restructuring and outline your options for bankruptcy protection. 3 Prepare a restructuring plan, which you will present to the restructuring advisor. Together you will decide whether to open restructuring proceedings. 4. Agree with the restructuring adviser on a possible date for the announcement of the opening of the simplified restructuring proceedings. In accordance with the applicable regulations, the announcement of the opening of the simplified restructuring procedure suspends executions. 5 Negotiate with your creditors, if you engage in the restructuring process, your creditors may be more willing to reach a settlement/arrangement and suspend enforcement actions. In a situation of imminent company bankruptcy, first and foremost, [...]
An audit is an objective and reliable look at an organisation and its functioning. An auditor or a team of auditors are specialists in many areas of business who, with their knowledge and tools, carry out a comprehensive analysis of the company's existing situation, the processes in the organisation, and prepare recommendations with solutions. Our team of specialists in the field of complex company analysis carries out the following types of audits: Enterprise audit - the examination of the regularity and efficiency of a company's operations, including financial and operational audits, is a key element in the diagnosis of the situation in which the company finds itself. Financial audit including the possibility of providing services for: The stages of our financial audit, based on International Financial Reporting Standards (IFRS) and accounting principles applicable on the Polish market, include: as well as: Operational audit giving an assessment of the effectiveness and efficiency of the company's operations. Depending on the objective, it takes on different configurations of activities, as different activities will be undertaken for an audit related to the introduction of lean management methodologies, targeted ERP systems, a [...]
PMR Restructuring and our cooperating law firms form a team of experienced restructuring advisors, legal advisors and attorneys providing comprehensive legal services in all aspects of a company's operations and the situation in which it finds itself. Our main specialisations: - Restructuring law - Company law - Contract law - Tax proceedings - Compliance services - Transactions, mergers and acquisitions.
What to do to obtain financing Supporting companies in obtaining financing to secure the implementation of their plans is a priority and fundamental stage for us in building the architecture of a restructuring project or a new business venture. We cooperate with public institutions and private entities, and the results of our clients' cooperation with investment funds to date have allowed us to create partnership relations and trust in the proposed scope of investment. For companies in the phase of liquidity and debt crisis Our specialisation, as part of the full service of the restructuring process, is support in attracting investors, proposing options of financial support and analysing its most effective variants for the company. We prepare financing scenarios taking into account both loan financing and debt securities issuance. For companies planning investment projects and start-ups, we also offer support in obtaining and selecting the appropriate structure of project financing, at every stage of the company's strategic development, from business plans for start-ups, investment plans for new ventures to development restructuring.
The risk of receivables from transactions not being received within the required timeframe affects almost every business at various stages of its life. However, with the spectre of the counterparty's insolvency and the associated consequences, the receipt of receivables becomes ineffective and, in the absence of proper collateral, impossible. Safeguarding the process of coordination and control of the recovery of receivables is proposed by the Act - Restructuring Law, which allows the judicial commencement of restructuring of the debtor. Contrary to accepted opinion, it does not only provide an opportunity to rectify the crisis situation for the debtor, but also becomes an effective tool for the creditor to recover the debt. The creditor has the right to file an application for restructuring of the debtor, in order to bring about a legal agreement between the parties on the repayment of the debt, as a result of corrective measures taken by the debtor. We use our competence and experience gained in many industries and all types of restructuring of companies in crisis, whether through accelerated arrangement proceedings, composition proceedings, proceedings for approval of an arrangement or sanctioning proceedings, to work out satisfactory arrangement agreements and their effective implementation for the benefit of private creditors [...]
You are interested in the Arrangement Approval Procedure - no wonder - it is the most frequently chosen form of restructuring, with over 92% of all restructured companies opting for it in 2023. The Procedure for Approval of Arrangement popularly known as simplified restructuring is the fastest, cheapest and safest solution for companies facing difficulties. Firstly, it is the entrepreneur who decides when the proceedings will be opened (court approval is not required). If necessary, it is possible to open even on the same day. Secondly - it is the Entrepreneur who chooses the restructuring advisor (it is not randomly appointed by the Court). Given the importance of the restructuring adviser for the success of the entire process, including its: experience, competence, efficiency, this is one of the key advantages. Thirdly, the possibility to provide far-reaching and full protection from enforcement for a period of 4 m-terms to even 12 m-terms. During the period from the date of the notice of determination of the day of arrangement, existing enforcement proceedings are suspended by operation of law and new [...]
If your situation is different to the ones described, call, email, come and we will give you an answer. The choice of restructuring procedure depends on your financial situation and is assessed at the first stage of cooperation.
Call:
+48 22-30-05-105
+48 22-30-05-106 (fax)
Write:
kancelaria@pmr-restrukturyzacje.pl
Visit us:
70 Prosta Street
00-838 Warsaw
Visitor hours:
Mon-Fri: 9:00 - 13:00
Wednesday: 13:00 - 16:00
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PMR Restructuring S.A. @ 2024
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