Restructuring and Insolvency
Restructuring and insolvency law pertains to the legal structures governing financial distress and insolvency situations involving individuals, businesses, and other entities. It encompasses various legal mechanisms designed to facilitate the reorganization, recovery, or winding down of financially troubled entities.
The main objective of restructuring is to revive and rehabilitate financially distressed entities, allowing them to regain financial stability and continue their operations. This often involves negotiating debt restructuring plans, refinancing agreements, or implementing management and operational changes.
The overarching goal is to maximize the entity's value and safeguard the interests of all stakeholders, including creditors, shareholders, and employees.