Preparation of redevelopment concepts
Restructuring concepts are drawn up for a variety of reasons: as the basis for a financing decision in a crisis, as relief for creditors who agree to an installment agreement in the knowledge of the debtor's (impending) insolvency, as relief for executive bodies in connection with criminal or civil liability aspects, as security for the restructuring privilege under Sec. 39 (4) InsO and Sec. 8c (1a) KStG. 4 InsO and Section 8c (1a) KStG, as a basis for negotiations with stakeholders (e.g. in connection with capital measures or in the event of covenant breaches) or as a basis for granting public subsidies.
Standard 6 of the Institute of Public Auditors in Germany e.V. (IDW S6) takes into account all relevant decisions of the Federal Court of Justice (BGH), so that the basis for a coherent and promising restructuring concept is created, as required by the BGH.
We will be happy to assist you in connection with the preparation or confirmation/audit of reorganization concepts in accordance with IDW S6.