Don't forget about credit obligations

[Mimaktsa10]

During restructuring, especially if the company has outstanding loans, changes in the structure and composition of the owners require approval from the bank. Many companies do not take this into account in advance and encounter problems at the stage when the transformations have already been launched, and it is too costly and ineffective to return the situation back.

The main difficulty lies in the fact that the financial service may incorrectly assess the consequences of the company's restructuring, while the legal department may not take into account all the requirements for financial obligations specified in loan agreements.

Don't forget about credit obligations

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Effective communication between spain email list the finance and legal departments will help determine what terms need to be agreed upon with the bank before restructuring begins. For example, many loan agreements stipulate that changing the company structure without approval may result in a requirement to repay the loan early.

It is important to take into account that when restructuring a company, which involves a change of owners, it will be necessary to make changes to the registration records for the new successor of the mortgaged property.

Take into account existing government contracts
An important aspect of company restructuring is attention to key contracts and the terms of their amendment. This is especially true for government contracts or agreements on the use of state or municipal property, where measures must be taken to ensure that the contract holder is not affected by the restructuring process.

For example, there are five companies in the group and if one of them (OOO Vasilek) has entered into a contract for the use of municipal property, then the restructuring should affect only four companies. OOO Vasilek should remain unchanged in order to avoid violating the terms of the current contract.