Insolvency Law, Bankruptcy, and Corporate Restructuring
Codex Advokater have many years of experience in giving advice in situations where companies or individuals are insolvent or facing an unmanageable debt burden. We always strive to find the best possible solution in the specific situation.
Bankruptcy
We have extensive experience as trustees in both large and small-scale bankruptcy proceedings. Our Attorneys sit on the Danish Debt Collection Agency’s panel of Attorneys, and take on the task when the public sector has applied for bankruptcy. In addition, Attorney Mads Danielsen is a permanent trustee at the Bankruptcy Court in Kolding, and is appointed as trustee in bankruptcy cases, or as liquidator in compulsory dissolution cases when the Danish Business Authority has companies compulsorily dissolved through the bankruptcy court.
Thus, we have extensive experience as a trustee in collaboration with the public sector, or where we are appointed as trustee directly by the bankruptcy court. We also assist banks or creditors by giving insolvency law advice in respect of customer relationships, where they seek an assessment of the possibility of submitting a bankruptcy petition, or assistance in negotiations with customers.
Our local network for valuation and sale of assets is wide-ranging, as we have offices in both Vejle and Horsens, and actively participate in relevant professional and social networks.
We have broad experience in conducting investigations and assessing disqualification, management liability and voidable transactions, as well as conducting the subsequent negotiation or court proceedings.
In addition to handling the task as trustee, we also advise distressed companies and companies in difficulty when the most difficult decisions need to be made. It may be necessary to provide external guidance on the point of hopelessness, management liability and the best possible way of handling the company’s situation and assets. We also have experience of sitting on the other side of the table if a client is faced with a claim for voidance or a case of disqualification.
Restructurings
We have extensive experience as a creditor representative during a restructuring, for example, in the assessment of restructuring proposals and constructive dialogue with the parties involved. The restructuring rules can be difficult to navigate, including the rules on creditor classes and reconciliation, etc., and in order to get the most out of the process, it makes good sense for a creditor to have a sparring partner to guide them through the rules and process. We also have experience in cases involving companies in difficulty, and can assist with restructuring, voluntary compositions or other arrangements to ensure business continuation.
