The economic situation remains tense: rising insolvency figures, geopolitical uncertainties and the pressure to transform due to digitalisation and artificial intelligence are presenting companies with growing challenges. Many managing directors and shareholders are faced with the question of when the right time for strategic measures has come – and how they can steer their companies safely through the crisis.
In an interview with the Handelsblatt special publication Rechtsguide, our partners Prof Dr Gerrit Hölzle and Dr Christian Bärenz provide insights into current crisis consulting practice – and clear recommendations for companies:
1. Early preparation is crucial
‘The most important success factors in self-administered insolvency are time and good preparation,’ emphasises Prof Dr Gerrit Hölzle. Companies should not view insolvency as a failure, but as a strategic option. Those who act too late forfeit valuable opportunities.
2. Regularly question business models
Dr Christian Bärenz points out the enormous pressure to adapt: ‘Innovation cycles are becoming shorter, and the demands of digitalisation and AI are increasing. Companies that do not continuously review their business models will fall behind.’
3. Keep an eye on the financing structure
Banks are increasingly withdrawing from certain industries, and capital structures are becoming more complex. Companies should diversify their financing at an early stage and actively discuss restructuring strategies with their banks.
4. Make consistent use of restructuring instruments
StaRUG provides an effective out-of-court restructuring instrument that can prevent insolvency in many cases. ‘StaRUG is an enormously valuable tool, precisely because it enables companies to restructure discreetly,’ says Hölzle.
Conclusion
Companies should consistently align their liquidity planning to 24 months, critically review their business models and seek expert advice immediately at the first signs of financial difficulties. The sooner action is taken, the greater the chances of successfully restructuring the company.
