We assist investors in national and cross-border acquisitions of companies in a crisis and in insolvency.
anchor Rechtsanwälte draws on the experience gained from several thousand insolvency cases and more than two hundred corporate transactions in crisis, insolvency and special situations.
We provide legal, practical, tactical and strategic advice to our clients from the initiation of a deal and its implementation through to its integration. We are familiar with the procedures, frameworks and constraints of the parties involved (insolvency administrators, banks, customers, creditors and employee representatives).
An essential prerequisite for any successful re-launch is the development of a solution-oriented transaction structure that can be implemented swiftly while protecting liquidity. For a restructuring to be sustainable, it needs a viable business concept and a balanced personnel structure.
Working together with you and our experts in insolvency, company and labour law, we devise the optimal transaction structure, taking into account the requirements in the particular case and, again with your participation, put the devised strategy into effect.
We support restructurings as two-way trustees, thus facilitating further financing in consensus with the banks as well as restructuring and the preservation of the enterprise value. Here we can draw on our experience in crisis consulting and insolvency administration.
With a two-way trust, shares in the company are transferred to a neutral trustee with experience in restructuring, who acts in the interests of all the parties involved. In the interests of the shareholders, the two-way trust avoids the threatened depreciation in value in the event of insolvency and at the same time takes into account the financial backers’ need for security.
As a proactive restructuring trustee, we act as an administrator of third-party assets while simultaneously engaging in active crisis management. We guide the company through the restructuring process as well as any selling process, help in implementing the restructuring and act as intermediary between the parties involved. On account of our extensive experience in crisis consulting and insolvency administration, we have accumulated a high level of practical restructuring expertise and skills in practical realisation.
Besides our two-way trusteeship, where company shares are held in trust as a restructuring or sales trust, our spectrum as a trustee extends from holding physical collateral in the form of asset groups in trust so that deliveries and cover can be maintained, right up to holding receivables in trust as a security strategy where there are shareholder loans and corporate transactions.
In addition, our restructuring expertise also includes holding what are known as “administration companies” to avoid creditors gaining a shareholder status when debt-to-equity swaps are agreed in restructuring plan proceedings (practical example: centrotherm Group).