Hoche provides advice and support to enterprises facing economical difficulties, their directors and shareholders in the choice of prevention tools (special purpose receivership (mandat ad hoc), safeguard, conciliation) with the objective of restructuring their activities.
It works closely with other departments of the firm on issues relating to accounting, tax, employment or corporate law for the smooth conduct of cross-department operations.
The department also advises defaulting creditors and debtors, as regards both prevention and procedures to be undertaken by them (filing of claims, appointment as controller), and suppliers as regards the protection of their contractual rights.
Hoche also assists buyers in the submission and defence of takeover bids relating to the assets of insolvent companies and in formalising them after court authorisation is obtained.
Lastly, the firm advises court-appointed receivers or liquidators in connection with assignments entrusted to them by the court or proceedings that they bring.
Changes in cross-border insolvency proceedings for companies in Europe as from 26 June 2017
Article by Catherine Ottaway partner at Hoche Société d'Avocats.
Journal des sociétés n°150 - March 2017