Restructuring – Corporate Recovery – Distressed M&A

Our Restructuring - Corporate Recovery - Distressed M&A department is a full-service practice offering clients assistance, advice and representation in heading off and turning around financial difficulties and, if necessary, in selling their business.

Our department assists clients every step of the way, from pre-insolvency (non-contentious proceedings: mediation, administration) to formal insolvency proceedings (court-supervised recovery proceedings and court-ordered liquidation). We take a pragmatic approach to restructuring assignments and are ideally positioned to advise on all labor, corporate and financial issues facing distressed businesses.

Acquisition of strategic businesses/assets

Acquisitions of struggling or insolvent targets providing a strategic opportunity for growth for our clients (conducting acquisition due diligence of assets in administration, drafting bids, liaising with the relevant authorities, etc.).
Turnaround assistance

Restructuring of companies in pre-insolvency or insolvency proceedings (bank, payroll and tax debt refinancing; creditor group management; debt swap mechanisms; new money arrangements; staff reorganization; etc.) and shareholder disputes.
Technical assistance – insolvency proceedings (in or out of court)

Full range of legal services to companies in recovery and/or insolvency proceedings (mediation/administration, court-supervised recovery or liquidation, etc.).
Assistance / representation of creditors in insolvency proceedings (in or out of court)
Assistance / representation of directors and/or shareholders in insolvency proceedings (in or out of court)

What they say

Leaders League 2026 – The team is recognized in Restructuring & insolvency – Advising mid-cap companies and their shareholders (Leading)
Legal 500 EMEA 2026 – The team is recognized in Insolvency
Franklin is sought out by both creditors and debtors seeking advice on the acquisition of distressed assets, including due diligence and communication with relevant authorities, as well as support in insolvency proceedings, including administration, mediation and liquidation. The team is led by Numa Rengot, who is particularly well versed in representing directors in post-insolvency actions.
« The team is highly qualified, professional, very committed, and always available. »
« The team distinguishes itself through its versatility and responsiveness, combining technical expertise, strategic vision, and a pragmatic approach. »
« We highly recommend Numa Rengot. »
« They are extremely competent and responsive. They are effective in achieving the desired outcome for my company, and they went the extra mile to ensure that we understood the nuances of a new area of law for us in a foreign jurisdiction. I highly recommend them for their bankruptcy expertise. »
Option Droit & Affaires Restructuring 2026 – The team is recognized in “Insolvency procedures” (3 stars) and “Financial difficulties and debt renegotiation” (3 stars)
Leaders League 2026 – The team is recognized in the category Distressed M&A (Excellent) of the Mergers & Acquisitions Guide
IFLR 1000 2025 – The team is recognized in Restructuring and insolvency
GRR 100 2025
Gold award « Insolvency Proceedings and Restructuring – Mid Cap » – 2025