Distressed companies - Restructuring

Distressed companies - Restructuring

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

Lawyers

Headed by three specialists in advising companies in difficulty, Amaury DUMAS-MARZE, Philippe DUMEZ and Manuel WINGERT, assisted by Delphine BRETAGNOLLE and Philippe PACOTTE on Employment Law and Séverine BRAVARD on Financing, the Companies in difficulty – Restructuring 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)

Rankings of the department

  • PALMARES DU DROIT PARIS 2025
    • Distressed companies : Silver Trophy
  • DECIDEURS 2025
    • Assistance to companies and shareholders - Small & mid-cap : Excellent

News

2026 Best Law Firms ranking

DELSOL Avocats is delighted to have been included in 35 categories in the first edition of the Best Law Firms™ – France rankings (by Best Lawyers). Biotechnology and Life Sciences Practice Construction Law Corporate Law Information Technology Law Insolvency and Reorganization Law Litigation Mergers and Acquisitions Law Private Equity Law Real...

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DELSOL Avocats advised Entrepreneur IM on the Safeguard Plan of Keller Williams France

On 6 August 2025, the Antibes (France) Commercial Court approved the Safeguard Plan of Keller Williams France, the French franchisee of the eponymous American real estate group. With liabilities totalling €17.8 million, the company was able to benefit from provisions for affected parties. Its plan was validated, and it is now benefiting from a...

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PRESS RELEASE – DELSOL Avocats announces the appointment of six new Counsels

DELSOL Avocats is pleased to announce the appointment of six associates as Counsel : Eleonora Bufalini (Real Estate - Construction), Maïlys de Meyer (Wealth law & taxation and Corporate Taxation), Marie d’Ozouville (Non-Profit Organizations - Social and solidarity-based Entrepreneurship), Jennifer Pereira-Chevallier (Public Law), Gabriela...

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DELSOL Avocats advised the Centre Hospitalier Intercommunal Toulon - La Seyne-sur-Mer on the takeover of the Sainte-Marguerite clinic by Almaviva Santé

DELSOL Avocats advised the Centre Hospitalier Intercommunal Toulon - La Seyne-sur-Mer (CHITS) on the takeover of the Sainte-Marguerite clinic in Hyères (south of France) by Almaviva Santé, a group specialising in private hospital services in France and owned by the Kuwaiti Wren House fund. This takeover is part of a disposal plan approved by...

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