COMPANY RESTRUCTURING

DT takes over the helm at struggling companies, providing qualified executives for the management of a range of situations:

CRO (Chief Restructuring Officer).

DT places a CRO with the company who manages the restructuring. The CRO assures the company’s creditors that the restructuring process is being carried out as agreed, identifies and corrects possible diversions from the planned course of action and suggests changes where necessary. The CRO may assume top positions within the company or work as of Staff to the CEO. One of the CRO’s priorities is monitor the company’s cash position.

TURN AROUND MANAGEMENT

DT takes responsibility for a company’s “turn around” process. In order to do this, DT has to participate in the design of a business plan or at least revise and adapt the existing one. The DT team takes full responsibility for the management of the entire process and selects the future team for the restructured company.

MANAGEMENT OF BANKRUPTCY AND PRELIMINARY BANKRUPTCY SITUATIONS

DT takes over of a company in Chapter 11 or bankruptcy proceedings. The change brought about by Royal Decree Law 3/2009 of 27 March – especially the content of article 5.3, allows companies more time to prepare for bankruptcy proceedings and gives them four months to negotiate a settlement proposal, allowing them to agree on a viability plan which is acceptable to all involved parties. DT leads this process, working alongside the lawyers appointed by the company and the future management team.

ADMINISTRATOR RESPONSIBILITIES

DT takes responsibility as company administrator on certain occasions, both as Outside Directors and as Administrator.

FINANCIAL RESTRUCTURING