The emergence of Covid-19 has generated a global economic crisis that has so far affected a multitude of sectors and will continue to have medium and long-term adverse effects. Many trading companies have already reported a significant decline in their activity and a severe liquidity crisis, facing difficulties in the timely payment of accumulated and current debts, both commercial, as well as financial and fiscal.
Under these terms, TMA Romania prepared a GUIDE and recommends a Working Methodology for practitioners in the field of restructuring, but also for trading companies and banks involved during the period while the facilities are granted by bank creditors, in order to implement the Crisis Management Program (Turnaround Plan or Restructuring Plan).
If you are interested, the romanian version of the Guide is also available.
Guide available for download, please click on the following button.