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Liquidation and Insolvency |
Liquidation
The services which DOBREV, KINKIN & LYUTSKANOV Law Firm provides to its clients include the cases of termination of the activities of their companies. The lawyers working in the law firm assist the clients in the cashing in of the available assets of the company, the settlement of its public debts and its relations with business counterparts, the allocation of the assets among the partners or shareholders and the de-registration of the company.
The law firm offers highly qualified assistance in the liquidation procedure as laid down in the existing legislation. Clients are provided services related to:
- the preparation of the corporate documents required for the opening of a liquidation procedure;
- the convocation and holding of general meetings of partners or shareholders; participation in the meetings, advice to the client in making the optimal decisions on the conduct and completion of the liquidation procedure;
- the selection and appointment of (a) liquidator(s); consultancy on the activities of the liquidator; preparation of documents, participation in meetings and others;
- coordination in the drafting and submission of financial reports and other documents to the competent authorities – companies register, tax authorities, etc.;
- consultancy in all transactions and actions related to the cashing in of the available assets, including recovery of accounts receivable, repayment of debts and allocation of the assets among the partners or shareholders;
- consultancy in the settlement of the relations among the partners or shareholders, drafting of agreements, supervision of the implementation of agreements and others;
- preparation and submission of the documents required for de-registration of the company.
Insolvency
DOBREV, KINKIN & LYUTSKANOV Law Firm is specialized in the provision of legal services in insolvency procedures. The law firm has a specialized unit to provide legal representation and advice to Bulgarian and foreign natural and legal persons when they take part in an insolvency procedure, regardless of the capacity they have in the procedure. Lawyers of the law firm have been registered as receivers in the list of receivers approved by the Ministry of Justice.
Insolvency issues have recently become quite topical because of the growing number of insolvent undertakings against the backdrop of the global financial and economic crisis.
DOBREV, KINKIN & LYUTSKANOV Law Firm consults insolvent undertakings and their creditors. Our legal services in this sphere include but are not limited to:
- preliminary analysis of the legal and financial condition of the debtor and preparation of specific proposals for further actions;
- preparation of the legal documents needed for the opening and proper conduct of the insolvency procedure;
- legal representation in court proceedings, participation in court sessions, appeal against judgments, etc.;
- interaction with the appointed receiver;
- undertaking of actions to secure recovery and to protect the interests of the client in his capacity of a creditor; claiming accounts receivable, opening of proceedings for cancellation of debtor’s actions and transactions which impair the interests of the creditors and participation in these proceedings;
- participation in negotiations on the settlement of the relations among the parties to the insolvency proceedings; consultancy on the drafting of a rehabilitation plan or allocation of the available assets;
- supervision of the implementation of the rehabilitation plan or the observance of the terms and conditions for the allocation of the available assets.
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| Copyright © 2007 Dobrev, Kinkin & Lyutskanov. All rights reserverd. Created by |
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JB Solutions |
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