Companies may struggle during their life cycle: The company finds itself in the middle of a crisis. The opportunities that insolvency proceedings offer in such situations are frequently underestimated.
The recovery of insolvent companies has the highest priority at BBL. Our insolvency administrators and our broad network of corporate and tax consultants as well as our contacts with a wide range of potential investors ensure the continuation of insolvent enterprises even over longer protracted insolvency proceedings.
We implement the turnaround by way of transfer of assets or submission of an insolvency plan. Measured by the number of successful implementations of insolvency plans for restructurings BBL ranks among the leading law firms in Germany.
The rising volume of consumer insolvencies and those of the self-employed are handled by BBL’s specialised department for such cases. This ensures prompt and cost-effective processing on a high level of quality.
The restructuring of the workforce often represents the main point of many company transactions. This can make or break the entire transaction. The employer’s rights and duties towards employees in the case of transfer of operations (TUPE, “Transfer of Undertakings (Protection of Employment)” Regulations) as set forth in Section 613a of the German Civil Code play a key role. Over the years, we have built a proven track record of successfully dealing with works councils. We also conduct arbitration board proceedings and represent clients in wrongful termination litigation. Lastly, we also organize HR restructuring via so-called transfer companies.
BBL attorneys frequently act as court-appointed receivers for real estate. In addition, BBL administers properties outside insolvencies as part of “cold administration” for banks with property liens registered in the land register. These assets include residential apartments, detached and semi-detached houses, trade and commercial properties and also industrial complexes.