Company insolvency generally has purely negative connotations. In practice, however, and with a professional team, the insolvency process can be managed in a smooth and constructive manner.
We are ready to address your concerns and help you find the most effective solutions. In assessing the relationship between our insolvent client and its business partners, keeping in mind the ultimate goal of protecting our client’s good will and reputation, we give priority to resolving disputes through negotiations.
Our Strengths:
Professional Advice for All Participants to Insolvency Proceedings and Stakeholders. Our experienced professionals advise debtors, creditors, and other participants to the insolvency proceeding, as well as helping stakeholders resolve insolvency issues relevant to them. We assess insolvency situations both preventively and in the course of a dispute, and we help our clients resolve disputes in accordance with the optimal standard of time and quality.
Exceptional Expertise and Experience in Insolvency. Our lawyers have many years of invaluable experience in solving insolvency problems, preparing them to think outside the box and make bold decisions, so they are able to help clients find ways out of even the most un-favorable situations. In representing clients’ interests, we have repeatedly found ways to adapt and clarify the existing legal framework, in the process helping shaping case law and creating valuable precedent.
Creating Added Value for Clients. We focus on providing value-added solutions, so we develop and implement individualized insolvency resolution plans for our clients, as well as representing their interests in both national and international dispute-resolution institutions. We help maintain smooth communications with insolvency administrators and represent clients’ interests in negotiations.
Client Trust. Our dedication and proactive approach to finding the best solutions for our clients has been effective in many of Lithuania’s largest and most complex bankruptcy cases, and we have helped our clients successfully implement their plans in restructuring processes.
The uniqueness of Motieka & Audzevicius’s Insolvency Solutions team is its strong focus on the needs of each client and its persistence in achieving the best possible outcome.
We cherish a good and trust-based relationship with clients and are committed to work closely with them from the very beginning to find the best possible solutions to their insolvency problems, as well as representing their interests in negotiations and litigation.
Our services in the area of insolvency solutions include:
- Conducting negotiations with business partners on solvency issues and with creditors who seek to initiate or have already initiated insolvency proceedings.
- Protecting the rights and interests of creditors, debtors, and other stakeholders, including by representing them in court in insolvency cases.
- Initiating restructuring proceedings on behalf of clients and representing clients in them, including by:
- assessing restructuring possibilities
- preparing and sending notices to creditors
- preparing a draft-restructuring plan
- preparing necessary procedural documents
- preparing an application to the court regarding the initiation of a restructuring case
- providing advice and representation during the restructuring process
- monitoring the implementation of the restructuring plan.
- Initiating bankruptcy proceedings and representing clients in them:
- assessing the (in)solvency of the company
- assessing the possibility of out-of-court bankruptcy proceedings
- performing the necessary procedural steps and preparing documents for the implementation of the mandatory pre-trial procedure
- preparing an application to the court regarding the initiation of bankruptcy proceedings
- providing advice and representation during the bankruptcy proceedings and until the court decides to deregister the legal entity.
- Representing insolvent companies in court.
- Acquiring assets from companies in bankruptcy or restructuring.
- Transforming and selling distressed assets, including seized property.
- Selling or acquiring an insolvent legal entity.
