With the new StaRUG (Stabilisation and Restructuring Act), companies in crisis and special situations can quickly find their way back to competitiveness. The new preventive restructuring framework gives the debtor sufficient time to draw up a restructuring plan and negotiate with the creditors concerned. The plan can also be implemented against the will of individual creditors. This means that financial challenges can be overcome in the event of imminent insolvency. The prerequisite for the complex process is an early discussion of the crisis, future planning and counselling.

The centrepiece of the StaRUG is the restructuring plan. This contains the measures (e.g. capital measures, debt waivers, subordination, etc.) to ensure the continued existence of the company. The requirements for the restructuring plan are prescribed by law. However, the company is free to decide which specific financial measures are taken. The plan must contain all essential information on the restructuring. It also clarifies which creditors' rights will be affected and how the groups for the vote will be formed.

The entrepreneur is in the driver's seat during the StaRUG proceedings. He develops the restructuring plan and can agree it with the creditors with court support. "Only" 75 per cent of the amount of the claim must agree to the plan. A special feature of the reorganisation procedure compared to the previous out-of-court reorganisation is that the lack of consent of individual creditor groups can be replaced.
The reorganisation process is often accompanied by a restructuring officer. On the one hand, the restructuring officer can act as a moderator during negotiations and, on the other hand, he or she is given a monitoring function by the court.

The path through the proceedings offers many opportunities for the company to overcome the crisis. However, this also makes the stabilisation and restructuring framework (StaRUG) very complex. Professional preparation and advice are therefore essential. As reorganisation consultants, we support the entrepreneur right from the exploratory phase, develop suitable reorganisation measures and guide them through the coordination process. As an independent person, we can act as a mediator and thus create trust in the company and the proceedings among the creditors. In short: We are happy to support you with our many years of restructuring expertise in your challenges.