In business, it is important to be prepared for undesirable situations. A familiar and seemingly stable business partner may face liquidity problems, for example, due to disruptions in their supply chain or due to their customers suffering from financing difficulties or other unexpected events. Good preparation provides a solid framework that makes is possible to continue the business partnership.
We help companies prepare for the risk of their business partners becoming insolvent, for example, by drafting contractual terms and designing collateral arrangements. If necessary, we can also help in seeking precautionary measures from the courts.
