Bostina and Associates targets the insolvency market and sets up Bostina si Asociatii Insolvency SPRL. The new firm will offer legal, financial and fiscal integrated solutions.

 

“We didn’t rush to enter the insolvency market as we wanted to better analyse the current economic crisis and to see which services we must focus on. The signs of economic recovery make us to believe that the new firm should primarily focus on matters of insolvency prophylactics and the treatment of crisis situations and secondly on the strict technical matters related to the insolvency and liquidation practice. We are able to build on our experience gained during an entire series of insolvency proceedings in which we have been involved as lawyers – from the cessation of the insolvency procedures in the case of Metro and Timpuri Noi – to the rejection of the financial claims raised by Glencore UK against RAFO as well as the voluntary liquidation of the 5 companies on Nitramonia Fagaras industrial platform and the Pyrite Plant in Turnu Magurele” - Lawyer Doru Catalin Bostina, managing partner of the consulting group.

 

Bostina si Asociatii Insolvency SPRL will advise on: commercial insolvency prophylaxis and the treatment of crisis situations; drafting projects for accessing all available funding; debt collection; drafting the reorganisation, restructuring, partial or integral liquidation plans; voluntary liquidation.

 

Bostina si Asociatii Insolvency SPRL will be led by Andrei Sarban and Irina Arnautu, insolvency practitioners. The new firm will benefit from the synergies created with the other companies within Bostina consulting group – Bostina and Associtates law firm, Bostina Accounting & Fiscal Consulting fiscal consulting firm and the consulting firm for accessing European funds – Bostina & Associates Financial Consulting.

 

„We will take into consideration all the aspects of clients’ activity, with an emphasis on identifying areas with actual profitable restructuring potential. We intend to pursue the reorganisation of business mechanisms as a whole with a view to optimise and streamline the cash flows that generate incomes. We will advise clients from the initial audit, crisis situation management, pre-insolvency consulting, drafting plans and strategies for restoring the viability of the company, analysing the debt collection files and crisis situations to the management of reorganisation, liquidation and voluntary liquidation procedures. The range of professional services will be continuously updated by building on the experience gained” - Andrei Sarban.