Insolvency proceedings — Book V Commercial Code
Financial difficulties, imminent cessation of payments, debt declaration or contestation: the firm supports executives and creditors at every stage, from ad hoc mandate to liquidation closure before the Marrakech Commercial Court.
Book V of the Commercial Code (reformed by Law 73-17) organizes procedures applicable to companies in difficulty. The logic: preserve activity, employment and value when possible, organize liquidation when no longer possible.
The earlier the lawyer intervenes, the broader the range of solutions. Ad hoc mandate and conciliation are confidential and preserve commercial relations. Reorganization intervenes in case of cessation of payments but with a continuity perspective. Liquidation is the last resort.
À l'initiative de : The executive, confidentially
Preventive and confidential procedure. A mandatary is designated by the court president to help the executive negotiate with creditors. The company continues normal activity, without publicity.
À l'initiative de : The executive
Preventive procedure allowing conclusion of an agreement with main creditors under a conciliator's aegis. The agreement may be approved by the court to suspend prosecutions.
À l'initiative de : The executive, a creditor or the court
Opening of a judicial procedure to allow activity continuity, employment maintenance and liability clearance. Continuation or sale plan submitted to court approval.
À l'initiative de : The court
Implemented when reorganization is manifestly impossible. The company ceases activity, its assets are sold, and the proceeds distributed to creditors per the order of privileges.
Whether you are a struggling executive or a creditor of a company under reorganization, urgency is to act within legal deadlines. Immediate consultation secures your rights.
