The Restructuring Booklet contains a cross-border presentation of the available restructuring regimes on a large number of countries, with national restructuring experts explaining the respective national restructuring regime in each case.

Due to increasing international interdependencies in restructuring, especially in the restructuring of large companies, there is a multitude of possibilities to restructuring to the respective national legal (restructurin) framework. For this reason, in this restructuring  booklet the individual national restructuring regimes are presented using the following criteria: Application, Prerequisites, Self-Administration/Restructuring Officer, Effects of the opening of the proceedings, Restructuring tools/Restructuring measures, New financing, Classes of Creditors, Approval, Publiciy/Confidentiality, Special forms of restructuring proceedings and Recognition. Especially these aspects could become relevant in practice for all stakeholders involved.

In this respect, this book is the result of practical work which has increasingly shown that restructuring can only be carried out on a purely national level in a few cases. Both the companies themselves and the crisis factors facing companies today have a multitude of international aspects and interconnections. It is therefore all the more important to utilize the advantages of the respective national legal framework and avoid disadvantages in the respective (customized) restructuring.

At this point, we would also like to thank Terralex and all TerraLex member companies with whom we have excellent cooperation in our daily work and who have agreed to elaborate on this topic in this Restructuring Booklet.

To the Restructuring Booklet