Quick Check Reorganization Opportunities
In challenging economic situations, the determination of the own location represents the first step of a successful solution. Based on the experience gained from manifold restructuring projects, Baker Tilly gives, after a cost-efficient short analysis, a sound answer to the question which legal, fiscal and productive alternative courses of action exist and show potential reorganization strategies.
Independent business review and validation of business plans
Due to changing conditions, partners, lenders or investors increasingly request an objective assessment of the economic efficiency and the financial situation of companies. By involving public accountants, functional and sector-specific experts, Baker Tilly assesses the strategic, operative and fiscal position of the company. Furthermore, Baker Tilly examines and evaluates the essential parts of the business plan. In this respect, we assure the technical quality of the planning and evaluate the underlying assumptions based on sound market and industry data. Thus, Baker Tilly establishes the transparent basis for financing and investment decisions.
Reorganization Opinion IDW S6
Corporate crises pose a challenge for all participants. The entrepreneur is usually under tremendous time pressure and pressure to take action. Lenders search for a sound and legally certain basis for decisions to participate in an intended reorganization. A qualified reorganization opinion in accordance with IDW S6 establishes new scopes of action for all participants. In that connection, Baker Tilly stands especially for one thing: The fast implementation of the defined reorganization measures.
Going Concern Principle
When times become harder, lenders and/or auditors often expect the statement of an external third party on future earnings, liquidity and capital situation. This so-called going concern principle within the meaning of § 252 (1) No. 2 German Commercial Code (HGB) requires a sound statement whether there are any legal or factual circumstances opposing the going concern of the company. However, we do not consider our activity to be merely an assessment. Based on our extensive expertise gained from reorganization advice, Baker Tilly supports you also in mastering those challenges.
Baker Tilly represents a holistic reorganization approach. Financial stability may only be substantially achieved with a functional business model. Baker Tilly therefore screens all relevant corporate functions and gives clear optimization recommendations, be that in production, procurement or marketing and distribution. We transfer these findings to realistic action plans to faster restore economic strength.
Accompanying and coordinating implementation
A successful reorganization needs a valid and feasible concept; however, the biggest challenge lies in the implementation. Baker Tilly regards itself primarily as a restructurer and not as a mere drafter of concepts. In parallel to the drafting of the concept, we already initiate the implementation of immediate measures. Because of our interdisciplinary focus we have the technical, legal and business know-how not only to manage the implementation of the reorganization measures but to execute those ourselves. In this respect, we follow up on the effectiveness of the measures by means of reorganization controlling, report thereof in a transparent manner and use the findings selectively for further implementation.
Communication and coordination with stakeholders
Especially in exceptional situations several interest groups often face each other with contrary objectives. The longstanding expertise of Baker Tilly with medium-sized and owner-operated companies, the acceptance on part of the lenders as well as the operative experiences gained from negotiations with works councils, suppliers and customers leads to fast and sustainable solutions.
Bandrack, LL.M. corp. restruc.
Senior Manager Attorney-at-Law (Rechtsanwalt), Specialist Lawyer in Labor Law
Partner Attorney-at-Law (Rechtsanwalt), Specialist Lawyer for Insolvency and Restructuring Law, Specialist Lawyer for Banking and Capital Markets Law
Marković, LL.M. Eur.
Director Attorney-at-law (Rechtsanwalt), Specialist Lawyer for Insolvency and Restructuring Law, Specialist Lawyer in Labor Law