Doing business with insolvent (or potentially insolvent) companies

Have you paid a supplier in advance and now discovered that it is in financial difficulty? RWV Advocaten can advise you on how you may still obtain delivery or recover your money. Better still, our lawyers can advise you on how to prevent such situations from arising in the first place. Do you suspect that your customer is, or may soon be, in financial difficulty? Our lawyers can advise you on how to avoid being left unpaid and on how to document arrangements concerning ownership of the goods you supply to that customer.

Business acquisition

The current economic climate presents opportunities as well as threats. In business acquisitions, there may be greater scope for negotiation, making this a potentially good time for expansion. What remains just as important is thorough preparation and a proper legal review. If you have the opportunity to acquire a business for next to nothing, you will still want to satisfy yourself - perhaps all the more so - that you are not buying a pig in a poke.

As part of a due diligence investigation, RWV Advocaten reviews the business you are considering acquiring and investigates whether there are any legal, tax or other issues and/or risks. This includes rights and obligations arising from employment contracts, such as back-service pension obligations that automatically transfer in a business acquisition.

Where necessary, and in consultation with you, RWV Advocaten will involve other specialists in the due diligence investigation, such as accountants and tax advisers. Our lawyers also assess the risks associated with the acquisition if the acquired business is subsequently declared bankrupt. We can structure the acquisition to make it as 'bankruptcy-proof' as possible.

How can our insolvency lawyers assist you?

RWV Advocaten has extensive experience in business acquisitions. Because the lawyers in our Insolvency Law team also act as bankruptcy trustees, we are well placed to assess the risks involved. Based on the findings of the due diligence investigation, you can make a considered assessment of the benefits and the issues and/or risks associated with the acquisition and decide whether or not to proceed with the transaction.

what our clients say about us

Closing the business was not an easy decision. Thanks in part to Harjo Bakker and Kelly Verheij, an agreement was reached that allowed us – and our creditors – to move on with our lives. They have a wealth of knowledge, but beyond that they understood us and always made time for us whenever we wanted to discuss matters or had questions.

Anonymous

Large-scale flower nursery