Corona impacting restructuring in practice: options for small and mid cap companies

This advisory looks at Corona impacting restructuring in practice.

23 April, 2020

Content includes:

1.1 Phase model: Phases to reduce current and short-term liquidity gaps

1.2 TOP 6 measures: Along with the Federal Association of German Management Consultants (BDU), Restrukturierungspartner has developed the following TOP 6 measures to maintain or restore solvency

1.3 State founding measures: The state founding check in 2 steps:

COVID-19: Requirements and content of the state founding programme of the Federal Government with regard to the Coronavirus
For companies looking forward for financing, the COVInsAG suspends the obligation to file for insolvency under certain conditions

1.4 “Schutzschirm” (special preinsolvency) instead of rescue fund: If the company’s crisis is too deep and long-lasting, or if a realistic prospect of financing no longer exists, it must be examined whether the “Schutzschirm” under § 270 InsO is more useful than the Corona rescue fund

Via Restrukturierungspartner RSP GmbH & Co. KG.

Read the full advisory here: RSP_Restructurierung_SMC_in_Corona Crisis_21.04.2020 (002)