Debt restructuring, mediation, out-of-court settlement of disputes

In terms of economic freedom and economic cooperation development, the subjects of legal relations become increasingly interested in flexible, operational forms of disputes’ settlement, rather than lengthy and costly court proceedings. Alternative dispute’s settlement (ADS) is such an efficient (in terms of saving time and money) order of disputes’ consideration between the parties.
ADS can not only help to achieve the results as soon as possible, but to keep the existing relationship between the partners for continuation the mutually beneficial collaborative business. The purpose of ADS is to find a constructive solution that is advantageous for both parties. In addition, we may refer privacy and confidentiality of disputes’ settlement to the benefits of ADS.
ADS include negotiation, mediation, arbitration and restructuring that will help the parties to avoid judicial review of disputes.
Mediation
Mediation – is one way of alternative dispute’s settlement allowing satisfying the needs and interests of all parties involved in the conflict with the involvement of intermediary party (mediator).
As part of the mediation and restructuring practice, the Law Firm “Kravets and Partners” represents interests of clients in disputes in the banking, construction, oil and gas, energy spheres, IT, telecommunications spheres, foreign relations, disputes with the state element as well as within the protection rights of foreign creditors.
The Law Firm “Kravets and Partners” provides full legal support of the mediation, the provision of preliminary consultation prior to the actual settlement of disputes and the implementation of commitments by the parties in accordance with the agreements. Our role is to find completely new solutions to problematic issues and to agree solutions with all parties of the conflict.
Restructuring
In the present context the term “restructuring” is used in two senses – the restructuring of liabilities, debts which means any change in the conditions of repayment and restructuring of business – a set of measures and structural reforms undertaken in order to eliminate the company from a crisis situation, to ensure a profitable company as well as full implementation of commitments to counterparties.
For the purpose of qualitative projects’ realization on restructuring, the Law Firm “Kravets and Partners” successfully uses experience of companies from France, Germany, the United States of America, Great Britain, etc. Experience of the employees of the Law Firm “Kravets and Partners” includes conducting of negotiations with contractors, restructuring of transactions, obligations, development of business processes’ models, and that allows us to implement projects in a complex restructuring successfully.