External support to restructure companies in Greece

Taking advantage of recent changes for viable businesses.

Febru­a­ry 8th 2016, Dr. Dani­el H. Brüll­mann, www.arranger.ch,

After noti­cing in a pre­vious paper that the impro­ved Greek legal frame­work for insol­venci­es, which still seems dys­func­tio­n­al in some aspec­ts, and the recent reca­pi­ta­li­za­ti­on of banks open oppor­tu­nities to com­pa­nies and entre­pre­neurs to rest­ruc­tu­re their busi­nes­ses, we address some of the steps to under­ta­ke for eit­her out-of-court or in-court rest­ruc­tu­ring to save long term sur­vi­val of a via­ble busi­ness.

Investment opportunities restructuring Greek businesses

Changes in regulation shall help restructuring Greek businesses

Invest­ment oppor­tu­nities are expec­ted along the pro­cess. Febru­a­ry 2nd 2016, Dr. Dani­el H. Brüll­mann Amidst many evi­dent pro­blems in Greece the­re are also posi­ti­ve deve­lop­ments, which should not be over­loo­ked. Gra­du­al chan­ges to the legal frame­work for insol­venci­es and reca­pi­ta­li­za­ti­ons of banks open oppor­tu­nities for com­pa­nies to rest­ruc­tu­re their busi­ness and for credi­tors to impro­ve their low expec­ted reco­very rate. Com­plex and long pro­ce­du­res have been sim­pli­fied. Banks until now reti­cent have to take action. First lar­ge and com­pre­hen­si­ve rest­ruc­tu­rings have recent­ly emer­ged. Also medi­um sized com­pa­nies might be well advi­sed to shrug off hesi­ta­ti­ons and fol­low such examp­les.