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Insolvency & Restructuring Lawyers

There are a number of possible reasons for an impending bankruptcy or a restructuring and the spectrum of legal remedies in this field is equally wide: employment law, commercial, distressed M&A, company law, property and construction law, insolvency and tax law, to name but a few.

Although your company may be struggling in the face of falling demand, powerful competitors and mounting payment obligations, there are many cases where bankruptcy can be avoided. That is the primary goal of our advisory services: re-alignment, not bankruptcy.

We have many years of experience advising on restructuring and bankruptcy cases. Using this experience, we can guide you safely through all of the stages of restructuring. But even in the case of a bankruptcy, we are of course there to advise and support you. We believe that in such cases, our main responsibilities lie in the flawless preparation of an orderly bankruptcy, in assessing the obligation to file and its justification, in drafting the bankruptcy filing and the restructuring plan, in enforcing the rights of creditors or creditor groups during bankruptcy proceedings or in representation on the creditors' committee as well as in negotiating business continuation agreements with the bankruptcy administrator.

The range of our activities includes designing a socially acceptable redundancy plan, advising on the contractual protection of business partners in case of bankruptcy, advising on the purchase of at-risk companies, on the purchase and sale of distressed assets, on the limitation of liability risks for senior management and supervisory board members as well as on tax-relevant restructuring solutions.

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Veliko Savov
Veliko Savov
Seni­or As­so­ci­ate
Head of TMT Group, Head of Hotels & Leisure Sector Group
Bulgaria, Sofia
Veliko Savov is a Senior Associate in the Corporate Department of CMS Sofia.  Veliko specialises in company and commercial law and has interests in foreign direct investments. He has experience in m...
Deyan Draguiev
Deyan Draguiev
As­so­ci­ate
Bulgaria, Sofia
Deyan is an Associate in the Litigation Arbitration Insurance Employment (LAIE) department of Sofia office.
Picture of Desislava Anastasova
Desislava Anastasova
As­so­ci­ate
Attorney-at-Law
Bulgaria, Sofia
Desislava Anastasova has particular experience in the fields of commercial and contract law, successfully advising clients in key areas of their operative business.