In times of crisis, having experience with complex situations such as severe financial restrictions, arrangements with creditors (Ch. 11 equivalent or concordata) or bankruptcy is essential. In such situations, action must be taken on multiple fronts –creditors, attorneys, government bodies and the press – while safeguarding operations. Securing the operation so as to stabilize or improve performance is a critical step towards resolving the crisis and emerging unscathed .

Implementation

Work normally starts with a rapid Strategic-Operational Diagnostic and Macro Action Plan, during which time a crisis management committee is appointed, emergency cash sources are secured and provisions made to coordinate legal and communication efforts. As part of the effort opportunities for quick wins are identified, support is given for negotiations with creditors and suppliers, as well as for interfacing with shareholders, consultants and the government. All of this is continuously monitored and assessed.

Target Clients

Companies in a pre- or post-bankruptcy situation, or under judicial or extra-judicial recovery.

• Client examples: