The more such difficulties are handled upstream, the better the chances of recovery for companies experiencing difficulties, on the condition that they consult the company’s advisor early enough for him to guide and accompany the managing director to the procedure which best suits the situation at hand
Thémis provides this guidance, puts together the mandatory legal, accounting and financial files and accompanies the chief executive to hearings of the Commercial Court, to provide support, defend his interests and lastly is present at all stages of the procedures including in preparing a company recovery plan, which requires careful consideration.
The managing director must not be alone in confronting difficulties and his first reflex when he confronts them must be to consult a member of the legal profession.
Because few managing directors are familiar with the diversity of the support and cash management facilities afforded by the procedures proposed by the Commercial Courts.
Thémis can also intervene with a view to the sale of the company in a context of financial difficulties.