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Restructuring & Insolvency

In the dynamic economic landscape of the Baltic region, businesses often encounter financial challenges that necessitate expert legal guidance. COBALT’s Restructuring & Insolvency experts have a proven track record of assisting companies in overcoming solvency issues as well as debt collection from entities under financial stress. Our innovative solutions and proactive approach, supported by a large team of specialists across various legal areas, allow us to tackle obstacles that may impede the revitalization of your company.

Our clients encompass a diverse range of entities, including financial institutions, corporate entities across various industries, insolvency practitioners, and stakeholders seeking proficient guidance in restructuring and insolvency matters. We also assist investors aiming to acquire distressed assets, offering comprehensive support throughout the transaction process.

Our restructuring & insolvency services include, among others:

  • Debt collection and enforcement – utilising a hands-on approach to assist clients in recovering debts, working closely with financial institutions to enforce and recover claims in insolvency and restructuring proceedings.
  • Corporate restructuring and reorganisation – crafting and implementing strategies to realign business operations and capital structures, ensuring long-term viability and growth.
  • Turnaround strategies – developing plans to restore operational and financial stability, including performance improvement initiatives and management restructuring.
  • Insolvency proceedings and bankruptcy filings – guiding clients through legal processes to achieve orderly resolutions, including representation in court proceedings and liaising with regulatory authorities.
  • Restructuring-related litigation – representing clients in disputes arising from restructuring proceedings, such as disputes over the approval of the restructuring plan, claims and their restructuring, preliminary measures, financing, etc.
  • Insolvency-related litigation – representing clients in disputes arising from insolvency situations, such as claw-back proceedings, pledge enforcement proceedings, management liability, etc.

Our deep understanding of the Baltic market, combined with our extensive experience, enables us to provide practical and effective advice, ensuring that our clients can navigate either their own or business partner’s financial challenges with confidence.

 

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Recognitions
“COBALT have considerable knowledge of litigation in Lithuania and have a pragmatic approach.”
Chambers Europe 2025, Dispute Resolution, Lithuania office
“The lawyers know the local market very well. They educate clients, are very precise and fast reacting and have a customer-friendly approach.”  
Chambers Europe 2025, Corporate/Commercial, Latvia office
“COBALT fields a specialised and diversified disputes team. What truly sets COBALT apart is its unparalleled experience not only in legal representation but also in advocacy and legislative drafting.”    
Chambers Europe 2025, Dispute Resolution, Latvia office
“Excellent collaboration, professional experience, and business context understanding.”
Legal 500 2025, Dispute Resolution, Lithuania office