Best Restructuring & Insolvency Lawyers in Monaco

Share your needs with us, get contacted by law firms.

Free. Takes 2 min.

Or refine your search by selecting a city:

CAMPANA Law Firm
Monaco, Monaco

Founded in 2008
50 people in their team
French
English
OFFICEIn 2008, Maître Hervé CAMPANA, Lawyer-Defender in the Principality of Monaco, created the CAMPANA firm with the ambition of offering a demanding local and international clientele a “tailor-made” legal solution.CAMPANA Cabinet provides its clients with a personalized service combining...

Founded in 1989
50 people in their team
French
English
AboutWith over 30 years of experience in the Côte d’Azur, Donald Manasse Law Offices has significant experience in advising its clients on their often complex and sensitive business and personal affairs in Monaco, France and across Europe, including Europe’s key offshore wealth-management...
Tempest Legal Services
Monaco, Monaco

Founded in 2012
10 people in their team
French
English
Tempest is a leading independent legal and advisory practice based in Monaco, working on corporate, banking and finance, private client, regulatory and compliance matters for a wide range of international businesses and individuals.DOWNLOAD OUR MONACO BRIEFINGEstablished in 2012 by founding...

Founded in 1984
50 people in their team
French
English
Our firm provides you with high-tech assistance in all branches of law.Founded in 1984  by Maître Joëlle PASTOR-BENSA , our firm brings together specialist lawyers and jurists.  Her husband, Maître Bernard BENSA, previously a lawyer at the Nice Bar, joined it in 2013. Maîtres...
Maeva Zampori Avocat
Monaco, Monaco

Founded in 2008
50 people in their team
French
English
YOUR LEGAL ADVICE IN THE PRINCIPALITY OF MONACOLawyer in Monaco, Maître Maeva Zampori at your disposalA Monegasque lawyer, Maître Zampori demystifies the legal world through a personalized and innovative approach. With a range of varied skills , covering civil law, business law, criminal law, and...
MARCON & ASSOCIES
Monaco, Monaco

Founded in 1977
50 people in their team
French
English
M&A’s team is composed of international law practitioners and regularly welcomes graduated and ambitious legal trainees throughout the year.Thanks to the large experience of its senior team and esteemed support of its junior lawyers and interns, M&A’s team prizes itself for offering its...
Zabaldano Avocats
Monaco, Monaco

Founded in 2001
50 people in their team
French
English
ZABALDANO AVOCATS - A LEADING LITIGATION FIRMZabaldano Avocats is a leading litigation firm in Monaco, representing clients in criminal, commercial and civil disputes. We are committed to providing tailor-made representation to individual and institutional clients, in national and international...

Founded in 1920
50 people in their team
French
English
A benchmark firm in MonacoGordon S. Blair is an independent legal and tax consulting firm, established in Monaco in 1920.Originally created by British legal professionals to support international clients in their mobility projects in Monaco and the region, the firm has acquired unique know-how in...
Gardetto Law Offices
Monaco, Monaco

Founded in 1988
50 people in their team
French
English
The Law Offices of Jean-Charles S. GARDETTO, founded in 1988 by Jean-Charles S. GARDETTO, a member of the Monaco Bar and a former President of the Bar association, are a Monaco-based law firm working in the areas of litigation and legal advice. They provide their local and foreign clients...

Founded in 1995
10 people in their team
French
English
Bespoke legal support in Monegasque business law since 1995In Monaco, our legal advisory firm has been offering high-end, tailored advice for 30 years.Performance, rigor, and responsiveness are the hallmarks of our services. In light of the rapid pace of change, we take into account the specific...
AS SEEN ON

Browse restructuring & insolvency law firms by city in Monaco

Refine your search by selecting a city.

About Restructuring & Insolvency Law in Monaco

Restructuring and insolvency law in Monaco focuses on assisting individuals and businesses facing significant financial difficulties. The legal framework provides mechanisms for the orderly restructuring of debts, formal insolvency proceedings, and the resolution of creditor claims. Monaco's system, influenced by both French law and principality-specific regulations, is designed to balance the interests of debtors, creditors, and the broader economic community. Restructuring offers a pathway for businesses to continue operations wherever possible, while insolvency procedures establish how assets are managed and distributed when those measures are not viable.

Why You May Need a Lawyer

Situations involving financial distress, whether personal or corporate, can be complex and stressful. Seeking advice from a legal professional who specializes in restructuring and insolvency matters is essential in various scenarios:

  • When your business is unable to meet its debt obligations as they fall due
  • If you face pending legal action from creditors or risk asset seizures
  • When attempting to negotiate revised payment terms or debt reductions with creditors
  • If you need to prepare or respond to a formal insolvency filing
  • As a creditor seeking to maximize recovery from an insolvent debtor
  • When involved in disputes over the validity of claims or asset transfers
  • If you require guidance on directors' responsibilities to avoid liability for wrongful trading
  • For cross-border insolvency matters involving assets or claims in other jurisdictions
  • When exploring business reorganization, mergers, or acquisitions of distressed assets in Monaco

Local Laws Overview

Monaco’s restructuring and insolvency laws are governed by specific statutes and influenced by the principality's commercial code. The principal legal proceedings available include:

  • Sauvegarde Proceedings - Designed to allow a business facing financial difficulty to reorganize and continue trading with temporary protection from creditors.
  • Redressement Judiciaire - Judicial recovery proceedings offering a structured process for debt renegotiation under court supervision, often leading to a continuation plan for the business.
  • Liquidation Judiciaire - Judicial liquidation is initiated when a business is beyond recovery. The court appoints a liquidator to realize assets and pay creditors in order of statutory priority.

Other relevant aspects include the appointment of an administrator, creditor committees, and various reporting obligations. Strict timelines apply, and failure to comply can have serious legal implications. Directors and managers must be diligent to avoid personal liability arising from wrongful trading. Additionally, due consideration is given to international aspects, as Monaco does not participate in the EU Insolvency Regulation, which can impact cross-border cases.

Frequently Asked Questions

What is the difference between restructuring and insolvency in Monaco?

Restructuring involves legal procedures designed to reorganise a company’s debts and business to restore financial stability and continue operations. Insolvency refers to the legal state when an individual or organization can no longer meet debt obligations, often leading to liquidation proceedings.

Who can initiate insolvency proceedings in Monaco?

Insolvency proceedings can be initiated by the debtor, creditors, or the public prosecutor. Proceedings are brought before the Monaco Court for Commercial Matters.

How does sauvegarde benefit businesses?

Sauvegarde offers financially troubled but still viable businesses temporary protection from creditors, allowing them to restructure under court supervision and prepare a plan to continue operations.

What are the consequences for company directors during insolvency?

Directors in Monaco have strict duties during financial distress. Failure to act in the best interests of creditors, engaging in wrongful trading, or failing to file for insolvency promptly can result in personal liability or criminal penalties.

How are creditors' claims prioritized in liquidation?

In judicial liquidation, creditors are paid in a defined order set by law, typically starting with secured and privileged creditors, followed by unsecured creditors. Any remaining funds are distributed to shareholders.

Can an insolvency in Monaco affect assets held abroad?

Yes, although Monaco is not part of the EU Insolvency Regulation, legal cooperation or recognition proceedings may be necessary to deal with assets or creditors outside Monaco.

Is it possible to rescue a company once liquidation starts?

Generally, once liquidation proceedings are underway, the company’s survival is unlikely. However, in rare cases, parts of the business or assets may be sold as a going concern under court supervision.

Do individuals benefit from restructuring procedures?

While most restructuring mechanisms target companies, individuals engaged in commercial activities in Monaco may access certain procedures. Consumer debt relief systems are limited.

What role does the court play in restructuring or insolvency?

The Monaco courts oversee all formal restructuring and insolvency proceedings, appoint administrators or liquidators, supervise creditor meetings, and approve restructuring or liquidation plans.

How long do insolvency proceedings usually last in Monaco?

The duration varies significantly depending on complexity, number of creditors, and asset types. Restructuring procedures may last several months to a year, while liquidation can take considerably longer.

Additional Resources

If you require information or assistance on restructuring and insolvency in Monaco, consider contacting the following organizations:

  • Palais de Justice de Monaco - The main court dealing with commercial and insolvency matters.
  • Ordre des Avocats de Monaco - The Bar Association provides directories of qualified lawyers specializing in restructuring and insolvency.
  • Monaco Economic Board - Offers information and guidance for businesses facing financial difficulties.
  • Chambre de Développement Economique de Monaco - Provides business resources and can direct you to relevant support services.

Next Steps

If you are experiencing financial difficulties or wish to understand your options under Monaco’s restructuring and insolvency framework, consider the following steps:

  • Gather comprehensive information on your financial situation, including debt obligations, assets, and contracts.
  • Contact a qualified lawyer specializing in restructuring and insolvency in Monaco for tailored legal advice.
  • Prepare to discuss your goals, whether it is business continuation, negotiation with creditors, or a structured exit.
  • Act promptly, as unduly delaying legal advice or action can lead to increased risk and potential personal liability.
  • If a formal procedure is required, your lawyer will guide you through the court process and represent your interests at each stage.

Addressing financial problems early with expert input improves the chances of a positive resolution for all parties involved.

Lawzana helps you find the best lawyers and law firms in Monaco through a curated and pre-screened list of qualified legal professionals. Our platform offers rankings and detailed profiles of attorneys and law firms, allowing you to compare based on practice areas, including Restructuring & Insolvency, experience, and client feedback. Each profile includes a description of the firm's areas of practice, client reviews, team members and partners, year of establishment, spoken languages, office locations, contact information, social media presence, and any published articles or resources. Most firms on our platform speak English and are experienced in both local and international legal matters. Get a quote from top-rated law firms in Monaco - quickly, securely, and without unnecessary hassle.

Disclaimer:
The information provided on this page is for general informational purposes only and does not constitute legal advice. While we strive to ensure the accuracy and relevance of the content, legal information may change over time, and interpretations of the law can vary. You should always consult with a qualified legal professional for advice specific to your situation. We disclaim all liability for actions taken or not taken based on the content of this page. If you believe any information is incorrect or outdated, please contact us, and we will review and update it where appropriate.