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Updated European Guide to Support Businesses

Debt Restructuring and Insolvency

Updated European Guide to Support Businesses

The spread of the Covid-19 pandemic in 2020 forced many countries in Europe to implement special legal solutions in order to adjust to the exceptional circumstances and the new reality.

Andersen Global, through the members and collaborating firms and its European Service Line Restructuring and Insolvency, has prepared updated guide - an insight into legal solutions adopted by selected European states in a response to the Covid-19 pandemic in the context of insolvency and restructuring procedures. It also encompasses other mechanisms deployed to mitigate negative consequences of the Covid-19 pandemic, such as suspension of contractual obligations as well as optional or obligatory moratoria.

We are pleased to participate with Andersen Global and other collaborating members (Austria, Croatia, Cyprus, Germany, Hungary, Italy, Moldova, Poland, Slovenia and Spain) to create this guide in the field of Debt Restructuring and Insolvency. We hope that will serve as a practical tool to support European business by providing insights on the latest developments in insolvency and restructuring procedures. 

You can download the guide HERE.

In this context, we also draw your attention to the article: Adverse economic situation of companies, where we deal with the obligations imposed on entrepreneurs by law. We offer the possibilities that entrepreneurs can use to improve their situation.