Prevention of financial difficulty

Ad hoc mandate and conciliation procedure

Bankruptcy is not unavoidable for a company that finds itself in financial difficulty. It can be prevented if the situation is tackled early enough by turning to two specific preventative techniques based on the negotiation between the firm in difficulty and its main creditors, namely an ad hoc mandate and a conciliation procedure.

THALLER Avocats works mainly on behalf of firms in difficulty, but also on behalf of their creditors and their partners (banks, investment funds, shareholders, main suppliers), and constantly strives to conclude balanced agreements.

THALLER Avocats work comprises four distinct phases:

  • prior diagnosis of the corporate situation
  • setting objectives
  • conducting negotiations
  • conclusion of an agreement and its terms

Further information on ad hoc mandates and conciliation procedures