Opens in a new tab

Restructuring, Insolvency & Bankruptcy

Forgó, Damjanovic & Partners advises clients in all stages of restructuring, insolvency and bankruptcy matters, from identifying and mitigating risk in financing documentation to representing clients in insolvency proceedings.

We believe that a sound understanding of the client’s circumstances, combined with rigorous legal analysis and swift action, is essential in these matters. Having assisted numerous domestic and international clients with restructuring, insolvency and bankruptcy cases, our team has solid, hands-on experience across all aspects of this practice area.

Services

We offer a wide range of services in Restructuring, Insolvency & Bankruptcy, including:

  • advising on enforcement strategies
  • representing clients in all types of bankruptcy, insolvency and winding-up proceedings, on both the creditor and on the debtor side
  • representing clients in accessing special state compensation schemes in connection with strategic insolvent companies
  • regulatory advice on restructuring, insolvency, bankruptcy and winding-up matters
  • legal due diligence on distressed companies and advice on potential restructuring solutions
  • advising sellers and buyers on distressed asset sales
  • advising and representing clients in negotiations with creditors and debtors

Contact

Zoltán Forgó
Viktor Vasi
15, 26","include_children":"false"}],"useQueryEditor":true,"signature":"8722b6893eba18f7e46268b9ff4d039f","user_id":8,"time":1791549557,"posts_per_page":-1,"post_status":"publish","post__in":[2796,2988],"orderby":"post__in","ignore_sticky_posts":true,"paged":1,"_bricks_query_signature":"3ba1e53ee73178b6617546ccb9da5ac9f353f3a29b74d50eca0b4cc23572d001"}" data-page="1" data-max-pages="-2" data-start="1" data-end="2">

Examples from our
track record

We successfully represented a major healthcare services company in a high-profile insolvency case, involving several court submissions, and eventually resulting in our client being removed from insolvency status to normal operation.

We advised a creditor in a very complex debt-equity conversion transaction, affecting several stakeholders, thereby achieving a successful turnaround for the debtor.

We represented a creditor client, following liquidation proceedings, in a piercing-the-corporate-veil claim against the former managing director of the dissolved company.

We represented the heirs of the deceased director, in a director's liability claim following a company's dissolution through liquidation and negotiated a favourable settlement.

We represented several creditors in Hungary's largest agricultural-sector liquidation proceeding, including assisting one of our SME clients in accessing state compensation.

We successfully represented an Italian manufacturing client in the strategically significant liquidation proceedings of a Hungarian vehicle manufacturer, and assisted the client in accessing the available state compensation.

In a mixed assignment involving both M&A and restructuring elements, we advised a client on the acquisition of a project in a distressed sale, continuing to advise them in negotiations with the financing bank and creditors of the project.