QLT has gained considerable experience in both judicial and extrajudicial debt restructuring operations, compositions with creditors, debt restructuring agreements, settlement and write-off agreements with banks, applications for admission to the statement of liabilities, appeals, claw-back actions and compensation including liability actions against members of administrative and control bodies and third parties. QLT also provides consultancy and legal assistance in sales or purchase transactions of assets of companies in crisis including companies or business branches, assets or non-performing loans (NPL and UTP) structured in portfolios or single names also through competitive procedures having developed relationships and contacts with the main operators in the related market. In the context of company recovery, the professionals of QLT pay particular attention to determining the causes that led to the crisis and then proposing the best innovative solutions capable of achieving a more effective rationalization of the use of existing company resources with the aim not only to restore the company but to strengthen it in the long term. QLT professionals, with a highly specialized and updated multidisciplinary approach on an ongoing basis, provide direct legal advice and assistance:

• to the recovery and restructuring of companies in difficulty by means of:
  • the preparation of turnaround and corporate reorganization interventions including strategic, commercial and corporate reorganisations also through liquidation activities and disposal of non-strategic assets, including rentals and sales of companies and/or business branches;
  • the drafting and filing of agreements, recovery plans and debt restructuring agreements, as well as any useful or ancillary agreement or fulfillment, including, again in defense of business continuity, the adoption of safeguard measures;
  • the negotiation and execution of agreements and conventions with banks and financial intermediaries;
  • the negotiation and execution of tax and social security transactions.
• to the insolvency proceedings bodies also in relation to potential litigation;
• in the insolvency situation, the adoption of the necessary protections for creditors and third parties and their rights in relation to insolvency proceedings, with particular reference to the filing of applications for admission to the list of liabilities or claims, as well as the initiation of opposition proceedings against the statement of liabilities;
• to the defense of directors and auditors in relation to any actions brought against them by insolvency proceedings bodies.

QLT includes among its professionals experts for the negotiated settlement of business crises regularly registered with the competent Chambers of Commerce pursuant to art. 13, paragraph 3, of Legislative Decree 12 January 2019 n. 14 and subsequent amendments and involves, where necessary, external professionals with consolidated experience, in order to best achieve the client’s interests by being able to rely on a multidisciplinary approach including banking and financial skills with particular reference to liability actions against shareholders, directors, auditors and auditors.