Distressed Situations / Insolvency & Restructuring
In a distressed situation, reacting before it is too late and being innovative and capable of aligning multiple conflicting interests is crucial. We can react quickly and, by thinking outside the box, help clients devise and negotiate adequate stand-still agreements and voluntary or pre-packed insolvency reorganization plans, tapping into best international practices. We also help creditors fight detrimental insolvency reorganization plans in court and represent different types of creditors in insolvency proceedings. Our litigation team has significant experience representing creditors and insolvency debtors in insolvency-related litigation.
Together with our banking, M&A and real estate lawyers, we guide investors through the intricacies of local laws throughout the cycles of an investment into a distressed asset. We have experience in doing due diligence of non-performing loans and negotiating deals for the acquisition of NPLs, whether as true sales or as synthetic arrangements. We also assist clients achieve optimum position in negotiating fire sales in both pre-insolvency stage and in the course of insolvency liquidation proceedings.
"BDK Advokati’s ‘dedicated practice’ handles traditional banking work, project finance, and structured finance and derivatives. Other core areas include trade finance, distressed debt, payment services and e-money, and regulatory work. Tijana Kojović is ‘detail oriented’; and associate Dragoljub Sretenović is also noted."
- Legal 500 2018 (SERBIA)
"Highly regarded banking and finance team with a strong focus on cross-border lending and transactions involving financial derivatives. Advises large international banks and sponsors on complex regulatory projects and on project and acquisition finance. Offers noteworthy advice on restructuring and formal insolvencies, with particular experience of NPL transactions, where it has experience of acting for private equity companies.
The lawyers are ‘thorough and practical with their advice and have a particularly good understanding of derivatives.’
‘good team who are efficient and very responsive’
‘provides concise and effective advice in a number of legal practice areas.’"
- Chambers Europe 2018 (SERBIA)
Distressed Situations / I&R
Serbia: Amendments to the Insolvency ActRead more
Serbia: Draft Financial Collateral Act - A Welcome InitiativeRead more