Biris Goran and its specialists have been at the forefront in advising a range of clients involved in the most complex and noteworthy restructuring, insolvency and bankruptcy matters. We are offering our clients a creative, energetic, problem-solving through understanding and application of the legislation at hand, fundamentally based on our technical expertise generated by our constant strong involvement in the development of specific legislation in the restructuring, bankruptcy and insolvency areas.
Our team comprising the Financial Restructuring and Insolvency Practice is among the most well respected in Romania and in the region. Due to the breath and experience of our practice, our dedicated team has built an enviable reputation dealing with some of the largest and most complex national and international financial restructuring and insolvency matters.
Our Financial Restructuring and Insolvency team has extensive experience representing clients in complex, multinational proceedings both in Romania and abroad. We have helped creditors, debtors and other parties choose between a range of alternatives in debt restructurings. We have structured debt rescheduling and drafted and negotiated stand-still agreements, waiver documentation and settlement agreements. Further our team frequently analyzes the options available in restructurings, including analysis of “step-in” options, security enforcement, initiating bankruptcy proceedings, and the sale of businesses themselves.
Our team takes a multidisciplinary approach to any type of restructuring or insolvency transactions, which enables us to advise on the key areas such as financial restructuring, banking, insolvency, capital markets, litigation and private equity.
Our widely-respected and long standing expertise in financial restructuring, insolvency, financial law, corporate law and litigation matters allows our clients to benefit from swift and carefully-crafted responses to any issues pertaining to the insolvency-related spectrum.
We are well-equipped to handle all aspects of any insolvency and restructuring processes. We also regularly advise clients on disputes relating to insolvency and bankruptcy matters.
We help our clients to avoid disputes before they arise, and to achieve fact, cost-effective solutions when they do.
Complementing our technical expertise is our strategy to build a market-leading team by attracting lawyers who have worked hard to gain the widest possible legal and commercial knowledge and also focus their utmost attention on making our clients’ deals work.
We take pride that our lawyers enjoy an outstanding reputation for their expertise, bringing the experience of dealing with complex financial restructuring, finance law and insolvency in Romania and other jurisdictions such as the USA, UK and Canada.
Their informed and professional opinions and understanding of the approach taken by either debtors, creditors or investors is a valuable asset for banks, borrowers, other creditors, investors, accountants and other professional restructuring advisers.
We emphasize the fact that members of our Financial Restructuring and Insolvency Practice have been actively involved in all major legislative reforms pertaining to insolvency and insolvency-related legislation in Romania over the last decade and have participated in the drafting process and advised major stakeholders with respect to these legislative changes such as the Romanian Government and the Romanian Ministry of Justice.
We emphasize that the majority of the members of our team have been educated both in Romania and in Western jurisdictions and also have obtained practical experience outside of Romania. This combination offers a unique and invaluable foundation for understanding the business and the legal concepts which underpin complex and sophisticated financial restructuring and insolvency matters.
Our particular areas of expertise integrate the five core legal disciplines that have the greatest impact on financial restructuring:
1. Financial Restructuring and Insolvency
The core of our Financial Restructuring and Insolvency Practice, the deal-driven and multi-disciplinary approach has placed Biris Goran as a top expert in debt renegotiations, workouts and restructurings. Members of our team have worked on landmarks deals on financial restructuring and insolvency projects both in Romania and abroad.
2. Banking
Since the advent of modern banking transactions in Romania after 2000, Biris Goran attorneys have been involved in some of Romania’s largest transactions to date, from financings, working capital loans, re-financings to syndicated loan facilities. The native English speaking team members are especially well-placed and able to provide sound advice pertaining to the industry-standard English law documentation.
3. Capital markets
Team members have been involved in capital markets-related projects in Romania and the Central & East European (CEE) region since 1997, including major IPOs and secondary offerings in Romania. Biris Goran attorneys have also represented major US-based portfolio and institutional investors as well as CEE-based companies issuing GDRs and exchangeable bonds on the NYSE and London Stock Exchange.
4. Litigation
Our litigation team provides our clients with comprehensive advice at every stage of a dispute; whether it is proactive problem avoidance, effective negotiations and settlement, or vigorous advocacy in the courts, work-out procedures or before governmental agencies and arbitral, tribunals.
5. Private Equity
Since 1999 team members have advised both investors and private entrepreneurs with respect to private equity investments, in wide ranging sectors such as publishing, packaging and the online/IT industries. Building upon its extensive experience in this area in Romania, Biris Goran recently launched VentureConnect (www.venture-connect.ro) along with several of Romania’s leading private equity investors, which aims to bring together leading investors with successful Romanian entrepreneurs.
Our Financial Restructuring and Insolvency Practice is led by Ana Birchall.