Various types of debts and assets related to different businesses may become delinquent or face the possibility of default due to economic downturns or temporary setbacks in business operations. In such cases, not only traditional business entities but also individuals holding debts related to business may consider selling distressed assets for reasons such as cost-saving in management, meeting BIS ratio requirements, and appropriate management of NPL holding ratios.
Conversely, even in good business areas, if business operations are temporarily postponed resulting in the distress of related assets, business entities or investors with adequate financial strength may attempt to acquire distressed assets at favorable prices and proceed with business operations to gain significant profits.
At D.CODE Law Firm, we provide systematic legal services related to the management of distressed assets, including the sale and acquisition of distressed assets, prevention of disputes related to distressed assets, and responses to disputes.
Meanwhile, as economic uncertainties increase, the operating conditions of businesses are rapidly changing. Even companies engaged in sound business activities may occasionally find themselves unable to overcome financial difficulties and face bankruptcy. In such cases, the entities dealing with these companies are also exposed to risks associated with bankruptcy.
In these situations, the companies may seek efficient recovery through measures such as deferring repayment or debt restructuring. Simultaneously, parties who have engaged in transactions with these companies, creditors, or investors may receive more repayment compared to cases where the company goes bankrupt without attempting recovery. This is often achieved through corporate recovery procedures prescribed by laws governing debtor recovery and bankruptcy.
For companies actively pursuing recovery, it's crucial to initiate corporate recovery procedures in a timely manner. Similarly, for trading partners, creditors, or investors of these distressed companies, it's essential to participate in corporate recovery procedures promptly.
At D.CODE Law Firm, we provide comprehensive legal services related to corporate recovery, including consultation on corporate recovery, representation in applying for and conducting corporate recovery procedures, and various representation tasks related to participants in corporate recovery procedures (such as representing claims in recovery proceedings, representation in confirmation procedures of recovery claims, attending and exercising voting rights in creditors' meetings as interested parties, and drafting and submitting recovery plans). We strive to provide timely and accurate legal services, enabling clients to utilize or participate in corporate recovery procedures effectively.
If you are considering legal services related to distressed asset management or corporate rehabilitation, please feel free to contact our Distressed Asset Management and Rehabilitation Center at D.CODE Law Group anytime.
At D.CODE Law Group, we are committed to providing timely and top-notch services from the perspective of our clients, ensuring that your interests are maximized. We will make every effort to serve you to the best of our ability.