Restructuring related cases

Disposal of unprofitable businesses

Disposal of unprofitable businesses

When the company, whose unprofitable business had a negative impact on its performance, aimed to revitalize, it curved out some business divisions by a company split and liquidated some unprofitable divisions.
We adopted qualified split-off-type company split, considering relationship with creditors and tax problems. In other project, we adopted non-qualified spin-off-type company split, considering relationship with creditors, asset value and tax problems.

Business transfer under civil rehabilitation proceedings

We registered transfer of business property from the company under prepackaged civil rehabilitation proceedings to the sponsor.
In accordance with the sponsor's wishes, the deal was slightly different from the business transfer, in which permission of court was obtained. Therefore, we were working on, communicating with petitioner and Legal Affairs Bureau of jurisdiction.

Dealing with demand from credit guarantee association

When a business manager, who closed his/her business, was demanded from a credit guarantee association for performance of obligations of guarantee, we advised him/her on how to proceed to the negotiations with it and what happens from now on.
As he/she guaranteed others' debt, we advised him/her on how to proceed to the negotiations with it so that he/she can solve the problem at the same time.

Taking management responsibility by means of capital increase/reduction

We advised a client on a scheme in contribution case with financial support.
A business manager resigned as representative director and his loan to the company was transferred to its capital to improve the financial situation. After that, he/she took responsibility for his/her management by means of free acquisition of stocks and amortization of shares

Capital increase/reduction under civil rehabilitation proceedings

We registered in the case that a company under civil rehabilitation proceedings decreased its stock and a sponsor increased its stock.
Due to the court's involvement, we executed different procedures from the provision of the Companies Act, but we worked in cooperation with the petitioner.

Support for negotiation on reschedule

A company was hard to make scheduled payment. We supported it in negotiating with financial institutes on reschedule.
We preliminarily assumed some exit patterns after the 1 year term of the reschedule, and we were going to assess the status of the company, addressing improvement of the business.

Planning of financial restructuring

We made a plan for the restructuring of the company in financial trouble.
Based on financial and business research, the company sold the properties and the business, which had a strong brand, but was in chronic state of deficit. That resulted in cut in interest-bearing debt and holding down financial outflow from the sound business.

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