
RESTRUCTURING AND INSOLVENCY
Legal
support in restructuring and insolvency matters:
CersJurkāns attorneys and lawyers provide insolvency and restructuring legal assistance to companies in difficulty, as well as to secured and unsecured creditors, lenders, shareholders, governing bodies and other stakeholders.
Economic instability and other external or internal adverse factors can expose a company to financial difficulties or even insolvency. It is essential to find the best possible solution in good time, which is acceptable to all parties involved and is capable of ensuring the company’s continued commercial activity.
Our services in the areas of restructuring and insolvency include:
· Financial restructuring by restructuring debts, assessing the terms of existing debts and negotiating with creditors to amend the terms;
· Restructuring of debts, representing the client in negotiations with debtors or creditors, identifying, developing and applying new solutions aimed at ensuring the continuity of the company’s business and improving liquidity;
· Optimising the capital structure of the company by issuing new shares or repurchasing existing shares;
· Restructuring day-to-day business operations by providing legal support in cost optimisation processes, including workforce reductions and the sale of inefficient or non-core assets;
· Representation in the acquisition of assets from insolvent or restructuring companies;
· Representation of shareholders, management and supervisory board members of an insolvent company in legal proceedings against claims brought by the insolvency administrator;
· Representation of creditors at all stages of insolvency proceedings, including preparation of insolvency applications, representation of creditors at creditors’ meetings;
· Representation at all stages of extrajudicial legal protection proceedings (ĀTAP) legal protection proceedings (TAP), supporting the preparation and coordination with creditors of the plan for the legal protection proceedings and the selection and implementation of the most appropriate TAP and ĀTAP methods;
· Representing clients out of court with creditors and debtors;
· Representation before the courts in all types of disputes related to insolvency, legal protection proceedings or restructuring;
· Representation of creditors in insolvency and liquidation proceedings of credit institutions;
· Recovery of third-party assets in insolvency and liquidation proceedings of credit institutions.
Why Choose Our Law Firm:
“CersJurkāns” is one of the most experienced offices in Latvia in matters of insolvency and restructuring with more than 25 years of experience. Our office’s leading partners have participated in substantial insolvency and liquidation processes in Latvia, for example, office partner, attorney at law Olavs Cers has been the liquidator of Baltic International Bank SE.
The “CersJurkāns” team has extensive experience in providing legal support for consolidating company groups, representing in out-of-court negotiations, restructuring and debt recovery, and representing clients in all stages of insolvency and legal protection processes.
The advanced understanding of insolvency law regulations and practical experience in restructuring by the lawyers and legal experts at “CersJurkāns” allow for the timely identification of potential issues and the provision of legal support to companies in difficulty. We offer the most effective solutions that allow our clients to reduce the risk of insolvency, as well as to efficiently and legally exercise their rights during the insolvency process.
Experts in the Field
Contact us:
If you need legal assistance in matters of insolvency or restructuring, please contact “CersJurkāns” at phone number +37167365865 or by email at birojs@cersjurkans.lv to schedule a meeting with one of the office’s lawyers or an attorney at law specializing in insolvency or restructuring matters!




