HOW TO RECOGNIZE, AVOID OR MITIGATE THE EFFECTS
OF BUSINESS IN FINANCIAL DISTRESS?
HOW TO RECOGNIZE, AVOID OR MITIGATE THE EFFECTS
OF BUSINESS IN FINANCIAL DISTRESS?
Author(s): Nicoleta-Mirela NăstasieSubject(s): Commercial Law
Published by: Österreichische Nationalbibliothek Wien/ Österreichisch-Rumänischer Akademischer Verein
Keywords: workout; out-of-court restructuring; restructuring agreement;
Summary/Abstract: In the present paper there will be described some general circumstances of companies in financial distress, the causes of financial difficulties and possible mechanisms for prevention, turnaround or reorganization approaches, the process of preventive restructuring, negotiations, agreed solutions and their effects. In the following pages it should be found general observations and possible answers to some important questions and debatable issues in the field of out-of-court restructuring as viable alternative to formal insolvency.
Journal: Conferința Internațională Educație și Creativitate pentru o Societate Bazată pe Cunoaștere - DREPT
- Issue Year: XII/2018
- Issue No: XII
- Page Range: 160-165
- Page Count: 6
- Language: English