Restructuring-and-Insolvency

Restructuring or Bankruptcy: Rescue Proceedings for Entrepreneurs

Restructuring and bankruptcy are two fundamentally different legal instruments: the first is meant to save the business, the second to bring it to an orderly end. We explain the key differences, the deadlines, the consequences for the management board and the four types of restructuring proceedings.

Olga Wierzbicka ·11 Sep 2026