Bankruptcy and Reorganization Proceedings as Possibilities For M & A

When considering Mergers and Acquisitions in Finland it may well be, that the interest of an investor is aimed at acquiring business operations or a company from a bankruptcy estate or a company in reorganization. So much more so, as the amount of bankruptcies in Finland due to the recession have increased many years, although a certain decrease in the bankruptcy numbers has recently been noticed. The number of bankruptcy proceedings in 1993 was 6.800 and in 1994 5.500

The reorganization of a business secures the preconditions for a healthy business activity by e.g. restructuring debts, in order to provide the business with a successful continuation of its operations The relevant legislation entered into force on February 8, 1993,