Creditor protection
We assist creditors in enforcing claims against debtors attempting to avoid paying their debts.
Measures taken by debtors to try to prevent satisfaction of their creditors include such manoeuvres as stripping assets from companies threatened with insolvency, establishing sham encumbrances on their assets, concealing assets, transferring assets to insiders, and selective payment of creditors. On this basis we classify the receivables we are pursuing as “difficult” or “very difficult.”
We advise clients on:
- Setting aside transactions by the debtor hindering enforcement of receivables or depleting the assets of the debtor to benefit insiders
- Enforcing the company’s debts against members of the management board or supervisory board or persons involved in stripping assets from an insolvent company
- Securing their interests against dishonest actions by debtors.