Distressed companies - Restructurings

Distressed companies - Restructurings

We provide support to companies in difficulty, court-appointed receivers and agents, and to company buyers, on both preventing and managing crisis situations.


Headed by three specialists in advising companies in difficulty, Amaury DUMAS-MARZE, Philippe DUMEZ and Manuel WINGERT, assisted by Delphine BRETAGNOLLE on Employment Law and Séverine BRAVARD on Financing, the Companies in difficulty – Restructurings department provides support for the most part to entrepreneurs, creditors, debtors and buyers, as well as to court-appointed receivers and agents.

The team deploys its expertise in such areas as upstream support, the law pertaining to companies in difficulty, directors’ liability, sureties, commercial contracts and recovery, providing both consulting and litigation services.

We are particularly involved in :

Preventive procedures

  • Ad hoc mandate
  • Conciliation

Insolvency procedures

  • Safeguard procedures, accelerated financial safeguard procedure (SFA)
  • Receivership
  • Compulsory liquidation

Business acquisitions via the Commercial and Judicial Courts

  • Audits
  • Monitoring of the tender procedure
  • Legal, financial and fiscal structuring of takeover deals
  • Preparation of pre-packaged disposal plans, preparation and presentation of the tender offer
  • Monitoring and implementation of the disposal plan

Directors’ liability

  • Assistance in defending directors against actions for damages (action to make good asset shortfalls, disqualification, personal bankruptcy, bankruptcy)
  • Defence of directors in the implementation of surety bonds

Social support

  • Social audit, social strategy of takeover bids and management of related procedures in dealings with employee representatives
  • Restructuring plans (outside or as part of insolvency procedures)
  • Social aspects of business disposals

Financing support

  • Renegotiation of bank or mezzanine debt
  • Negotiation and introduction of bank or mezzanine debt refinancing measures
  • Implementation of securities (particularly in the form of trusts)


PRESS RELEASE – DELSOL Avocats strengthens its « Distressed companies – Restructuring » practice with the addition of Amaury DUMAS-MARZE and his team

With business support now essential ahead of the post-pandemic era, DELSOL Avocats was keen to expand the Distressed companies – Restructuring team led by two turnaround specialists, Philippe DUMEZ and Manuel WINGERT, assisted by Delphine BRETAGNOLLE in labour law and Séverine BRAVARD in financing. Amaury DUMAS-MARZE is joining them as a...