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Distressed companies and Restructuring

We assist all types of clients: domestic or international, public or private, operators, investors, industrial groups, manufacturers, or suppliers, in the context of restructuring and rescue operations for companies, as well as related litigation. Our expertise and our ability to directly handle international cases, with the occasional support of our extensive network of good friends abroad (specialized or full-service), allow us to assist our clients across various domains.

 

Areas of expertise

Prevention of difficulties

We assist companies in the prevention of difficulties by implementing proactive measures. This includes the use of ad hoc mandates and conciliation procedures, which enable credit mediation with creditors. Our goal is to facilitate debt and liability restructuring to avoid cessation of payments and recourse to collective proceedings.

Handling difficulties

In critical situations, we support our clients in managing difficulties by advising on the most suitable procedures, such as safeguard proceedings, judicial reorganization, or liquidation. We help develop safeguard plans, recovery plans, continuation plans, or sale plans to ensure the sustainability of the company or organize its restructuring. We also ensure compliance with directors’ legal obligations to prevent personal liability.

Acquisitions and sales of distressed companies, in bonis or under amicable or collective proceedings

We advise investors and companies on transactions involving the acquisition or sale of assets, companies, and/or receivables related to distressed companies, whether in bonis or under amicable or collective proceedings. Our expertise in distressed M&A enables us to secure these complex transactions. We conduct thorough audits to identify risks associated with collective proceedings, creditors, debt claims, and security interests. We also assist in restructuring companies, groups, or investment funds, particularly underperforming LBOs, by working on credit agreements and liability restructuring.

Examples of support

We assisted an international Paris-based radio station in reorganizing its safeguard plan to ensure the continuity of its activity with the support of its shareholder. Our intervention enabled the client to obtain a modified decision for its safeguard plan.

We supported a furniture designer and manufacturer in the development of its safeguard plan, working alongside court-appointed administrators, and in handling three appeals initiated by creditors whose claims were contested by our client.

We assisted the subsidiaries of a telecommunications group in dealing with financial difficulties faced by an associated group specializing in teleshopping services. This included collective proceedings initiated against two subsidiaries, with key issues such as preserving claims, managing contracts governing broadcasts on the group’s channels and teleshopping programs, and following the proceedings that resulted in the Paris Commercial Court adopting sale plans.

We assisted a client in insolvency proceedings, including appointing employee representatives, managing the information/consultation process with the works council, analyzing takeover bids, developing a potential employment safeguard plan, and transferring employees.

We guided a client in the acquisition of a company under judicial reorganization through a competitive bidding process before the commercial court. We assisted in preparing the social aspects of the client’s takeover offer to ensure its success. We briefed the client before presenting their offer to the works council, focusing on the most convincing arguments. After our client won the bid, we supported them in managing the social aspects of the acquisition, particularly in relation to the dismissal of employee representatives, for which thehealth and safety inspection initially denied the authorization requested by the court-appointed administrator to terminate their contracts.

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Awards

Awards Commercial Litigation
Décideurs
De Gaulle Fleurance recognized in the 2024 Décideurs – Leaders League ranking, category: Restructuring & Distressed Companies
Best Lawyer-Thierry GILLOT.jpg
Awards
Best Lawyers
Thierry Gillot recognized in the 2025 edition of Best Lawyers France
Best Lawyer-Anker Sorensen
Awards
Best Lawyers
Anker Sorensen recognized in the 2025 edition of Best Lawyers France
Best Lawyer-Anne-Sophie Leclerc.jpg
Awards
Best Lawyers
Anne-Sophie Leclerc recognized in the 2025 edition of Best Lawyers France
Best Lawyer-Aurélien Djafari Rouhani.jpg
Awards Corporate / M&A
Best Lawyers
Aurélien Djafari-Rouhani recognized in the 2025 edition of Best Lawyers France
Best Lawyer-Tiphaine Gaubert.jpg
Awards
Best Lawyers
Tiphaine Gaubert recognized as Ones to Watch in the 2025 edition of Best Lawyers France.

Our professionals

Anker
Sorensen
Partner
Tiphaine
Gaubert
Lawyer - Senior
Anne-Sophie
Leclerc
Lawyer - Senior Counsel
Claire
Tergeman
Partner

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