Insolvency & Restructuring
Mihaj, Ilić & Milanović insolvency & restructuring practice focuses primarily on complex commercial bankruptcies. As regional markets converge and local companies increasingly compete on the international scene, inherent inefficiencies and outdated practices created a trend of companies facing insolvency & restructuring as the only effective resolution mechanisms. Our lawyers acknowledge this trend, having developed extensive experience in counseling and representing clients in insolvency & restructuring / UPPR proceedings before relevant authorities in Serbia and the region.
Members of our team are well-versed in providing counsel to both lenders and distressed borrowers, and experts in representing creditors in related proceedings. Furthermore, we have extensive experience in advising and representing firms in the process of reorganization, providing a unique value based on our distinctive approach and dispute resolution specialization. We particularly specialize in preparation and implementation of restructuring / UPPR plans, alongside leading economic specialists, as well as challenging existing plans. Our approach to reorganization serves as an industry leading reference for legal practitioners from all practice area specialties. This is primarily due to our team’s comprehensive knowledge of local insolvency laws and corresponding procedures, ability to quickly adopt and understand each new industry, and the prowess of our lawyers to constantly re-evaluate legal disputes so as to remain ahead of the changing issues in order to negotiate positive resolutions for our client’s most complex disputes. We understand that in some bankruptcies, litigation becomes inevitable, so our team also specializes in development and execution of complex legal strategies when such situations arise. When insolvency proceedings turn to litigation, clients need courtroom lawyers that possess a wealth of knowledge in all forms of debt collection.
Mihaj, Ilić & Milanović team takes great pride in being at the forefront of insolvency & restructuring developments by perfectly understanding the unique intricacies and challenges involved with restructuring / UPPR proceedings and debt-collection in bankruptcy related matters. Moreover, our attorneys pursue bankruptcy-related suits, mindful that litigation in insolvency & restructuring cases is not an end in itself but a means to resolving the underlying disputes in the most favorable way for our clients given the economic and legal constraints involved.
Our lawyers counsel and represent both creditors and debtors by providing advice and support on the following matters:
- Preparation of strategies for all forms of insolvency & restructuring cases
- Preparation and implementation of restructuring / UPPR plans
- Challenging existing restructuring / UPPR plans
- Drafting and registration of claims in bankruptcy
- Representation in litigation proceedings derived from insolvency
- Representing clients in creditor’s assembly and creditor’s board
- Participation in liquidation of bankruptcy estate