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Bankruptcy law

Insolvency law

Insolvency and restructuring law provides the legal framework for resolving financial distress and maximizing value for stakeholders. In times of economic uncertainty, rising interest rates, and disruptions in supply chains, the ability to navigate insolvency proceedings effectively is critical. Whether it involves rescuing a viable business, maximizing recovery for creditors, or protecting personal assets, the right legal counsel can decisively influence the outcome.

Our approach

We view insolvency law as a tool for value maximization and a second chance, not as the end of the road. We combine legal expertise with financial analysis and commercial pragmatism. We seek creative solutions that balance the interests of all stakeholders and preserve enterprise value. Whether representing the debtor, creditors, or investors, our objective is to achieve the optimal outcome in challenging circumstances.

Key areas of practice

We manage restructuring processes from plan preparation to successful implementation. We represent creditors in insolvency proceedings and maximize their recoveries. We provide advisory services for distressed acquisitions and the purchase of assets from bankruptcy estates. We design preventive restructurings and out-of-court settlements. We also handle personal bankruptcies and debt relief for individuals.

Added value for your business

We help distressed companies identify problems early and implement turnaround strategies before formal insolvency proceedings begin. For creditors, we maximize recoveries by combining effective enforcement with pragmatic settlements. We assist investors in identifying distressed opportunities and structuring acquisitions to minimize the assumption of liabilities. We provide management with legal protection and mitigate the risk of personal liability. For suppliers and customers of insolvent companies, we ensure business continuity and safeguard their interests.

Practical challenges and risks

Delaying the resolution of financial distress leads to a complete loss of value and potential personal liability of management. An improperly timed insolvency filing results in loss of control and minimal creditor recovery. Inadequate asset protection prior to insolvency exposes property to clawback risks. Failure to comply with statutory duties during a crisis may trigger criminal liability for creditor harm. A lack of coordination among creditors reduces overall recoveries and prolongs proceedings.

Our solutions in practice

For companies in distress, we design short-term financial stabilization plans and communication strategies that maintain confidence among key stakeholders. In restructurings, we negotiate substantial debt reductions while preserving the company’s operational continuity. For creditors, we develop enforcement strategies that combine security measures, execution proceedings, and insolvency petitions. In distressed M&A transactions, we minimize the risk of liability assumption while maximizing the retained value of assets. In preventive restructurings, we achieve creditor agreements without the need for formal insolvency proceedings.

Our services in insolvency law

Restructurings
• Formal restructuring proceedings and preparation of restructuring plans
• Preventive restructurings under new legislation
• Out-of-court agreements with creditors and workout solutions
• Debt restructuring and liability refinancing
• Support in operational restructuring and cost optimization

Insolvency Proceedings
• Representation of debtors in insolvency proceedings
• Filing, contesting, and enforcement of claims
• Submission of insolvency petitions and petitions for provisional measures
• Enforcement of assets forming part of the insolvency estate and avoidance claims
• Legal advisory services for insolvency estate administrators

Crisis Transactions
• Acquisition of assets from the insolvency estate
• Pre-packaged restructuring plans
• Debt-to-equity conversions
• Sale of assets in distressed situations and auction processes
• Structuring of financing during restructuring

Asset Protection
• Planning and safeguarding assets against the threat of insolvency proceedings
• Assessment of duties and liabilities of statutory bodies
• Review of avoidable legal acts
• Guarantees and enforcement of security rights
• Personal bankruptcy and individual debt relief

Cross-Border Insolvencies
• Coordination of parallel insolvency proceedings in multiple jurisdictions
• Recognition and enforcement of foreign judgments
• Determination of COMI (center of main interests of the debtor)
• Insolvencies and restructurings of multinational groups
• Cooperation agreements between administrators and courts

Contact us for a confidential analysis of your financial situation – we will propose a solution that protects value, minimizes risks, and enables a fresh start.

Our experts in this sector

Partner

JUDr. Lucia Matejovová

+421 911 442 111

matejovova@nomus.sk

Partner

JUDr. Tomáš Sisák

+421 910 914 614

sisak@nomus.sk

Junior Associate

Mgr. Boris Zeman

+421 911 765 227

zeman@nomus.sk

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