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Insolvency & Restructuring

If you are looking for value-added legal solutions, achieved in or out of court, you can rely on us to guide you through all aspects of insolvency (restructuring and bankruptcy) matters, at both a local and cross-border level.

Our Insolvency & Restructuring practice has evolved rapidly, establishing itself among the top law firms in this field in the region. Our team of accomplished professionals offer legal services for creditors as well as for companies going through a restructuring or bankruptcy process.

In order to provide an integrated service, our team also comprises specialists in related practice areas, including finance, corporate, real estate, employment, tax, regulatory, capital markets and litigation.

Restructuring can help to get your business going

If used wisely, restructuring offers a multitude of possibilities to turn a business around. With the help of our team and the specialists working with us, you get the best chance to do just that, serving the interests of both the company and its creditors. Our expertise covers advice on state aid, contingency planning, debt and business restructuring, and distressed acquisitions /sales.

Representing clients in bankruptcy proceedings

With such an extensive team, we have represented clients in bankruptcy proceedings with great sensitivity, working with creditors and insolvency administrators. Our clients appreciate how broad and thorough our experience is – ranging from pre-insolvency reorganisation and liquidation of company to debt recovery.

Well-versed in defending the interests of insolvency administrators

We have represented a significant number of insolvency administrators when the state has questioned their performance and looked to terminate their certificates or activities.

Improving the business environment in our region

Our professionals actively contribute to legislative initiatives related to insolvency (both bankruptcy and restructuring), in order to improve the business environment in our region.

Training sessions for insolvency administrators

Our team members deliver presentations and training on various aspects of insolvency services to local insolvency administrator associations, and these can be arranged throughout the region – just ask. We like to keep all our markets updated.

We can help you with

  • Business restructuring
  • Advice on the government financing options available to companies affected by the coronavirus outbreak
  • Debt collection and restructuring
  • Investigating, pursuing and defending claims for and against companies’ managing bodies during bankruptcy and restructuring proceedings
  • Acting as insolvency practitioners
  • Representing debtors-in-possession during restructuring proceedings
  • Out-of-court creditor compositions
  • Pre-insolvency reorganisation and refinancing
  • Advice for creditors and protection of creditors’ rights
  • Representing and advising insolvency administrators
  • Planning and carrying out restructuring plans, confirmation actions (including cramdowns)
  • Acquiring assets from restructuring and bankruptcy estates
  • Bailouts, distressed buyouts and exit financing
  • Cross-border insolvency issues, including the EU Insolvency Regulation
Contact us

Contact us


  • Legal Adviser

    Rietumu Banka

    Full scope assistance and strategic advice on collection from insolvent debtors, including protecting сlient’s interests in bankruptcy proceedings through participating in creditors’ committees

  • Legal Adviser


    Representing in recovery of 4 Embraer E170 aircraft from Estonian Air, the failed national carrier, in liquidation

  • Legal Adviser

    Froslev Trae

    Representing the client in a complex matter related to the bankruptcy proceedings of GKF, one of the largest sawmill companies in Lithuania

    Approx EUR 18 million
  • Legal Adviser

    GIEK Kredittforsikring

    Assisting a credit insurance company, owned by Norway, throughout legal protection (reorganisation) proceedings of companies in Latvia and Estonia

  • Legal Adviser

    Representing creditors in the liquidation of Trasta Komercbanka

    Representing foreign creditors from different jurisdictions (EU and non-EU) in the liquidation and insolvency of Trasta Komercbanka, a credit institution (bank) registered in Latvia

  • Legal Adviser

    Prima Pet Premium (Finland) and Vafo Praha (Czech)

    Representing pet food producers in bankruptcy proceedings of Estonian retailers. We are also advising the bankruptcy trustees in relation to claims against the management board

  • Legal Adviser

    Bankrupt credit unions

    Representing the bankruptcy administrator in bankruptcy and related proceedings of insolvent credit unions, Vilniaus kreditas and Taupkasė

  • Legal Adviser

    Belarusian Railways

    Advising the Belarusian major railway service provider on bankruptcy proceedings of its Estonian counteragent and succeeded in helping the client obtain the proofs of bankruptcy for the purposes of regulatory compliance in Belarus