Distressed companies – Restructuring

Presentation

The turnaround market has been particularly active since 2008 and Racine is an expert in the domain.

This team has partners, who have been working in this practice area for over 20 years. They are supported by a group of associates and can advise on a wide range of issues arising from the financial, economic and employment difficulties that companies may face.

Related distinctions 58

The team is one of the most active in France, and has worked on some of the most significant cases in the market. The team stands out due to its unique experience with large-scale industrial restructurings, cross-border cases in particular, and debt restructuring for distressed LBOs.

Combining professionals from various complementary practice areas who can rely on the support of all of Racine’s departments, the team assists companies with resolving their difficulties or their issues with shareholders and potential acquirers of assets. The team also advises financial institutions for the purpose of safeguarding their rights in these circumstances.

The team’s know-how includes financial and social restructuring, ad hoc mandates, conciliation, safeguard, accelerated financial safeguard, pre-pack sales, recovery, judicial liquidation and all litigation relating to these situations.

A GLOBAL SERVICE

Our team advises large French and international groups, investment funds and mid-sized companies in order to support all players: obligors, managers, shareholders, mezzanine and debt funds, successors, creditors.

Handle all legal issues of distressed companies:

Beyond restructuring law – employment law issues specific to these procedures, financing law, M&A issues linked to restructurings, French and EU competition law issues, tax issues, etc.

A 360° APPROACH

Covering all stages of in the prevention and handling of difficulties:

identifying issues and forming a strategy
initiating ad hoc mandates or conciliations
negotiating conciliation agreements
preparing and implementing judicial recovery proceedings
preparing continuation plans or take-over acquisition plans
preventing sanction risks

Dealing with the cross-border aspects of international procedures

Recongnitions

Rankings

Magazine des Affaires - 2023: Restructuring : Collective proceedings
Magazine des Affaires - 2023: Restructuring : Preventing problems and renegotiating debt
Legal 500 - 2023: Insolvency
Option Droit et Affaires - 2023: Restructuring
Chambers - 2023: Restructuring Insolvency
Option Droit et Affaires - 2022: Restructuring
Décideurs - 2022: M&A
Décideurs - 2022: Restructuring
Legal 500 - 2022: Insolvency
International Financial Law Review - 2022: IFLR
Chambers - 2022: Restructuring

Awards

2015: Palmarès des cabinets d'avocats

Distressed companies: Silver trophy
2015: Trophées du droit et du contentieux

Collective proceedings and corporate restructurings: Silver trophy

Entrepreneurial firm over five years old: Gold trophy
2018: Palmarès des cabinets d'avocats

Restructuring: Silver trophy
2018: Top Legal

Top Legal
2019: Trophées du droit et du contentieux

Collective procedures and restructuring: Gold trophy