Companies need fresh money – and lenders need collateral.
During corporate crises, trust is essential for a successful outcome. Seeking the support of a neutral mediator is an excellent way of restoring trust between the debtor company on the one hand, and its creditors and banks on the other.
As a (dual-purpose) trustee, we mediate between stakeholders. Here, too, our clients benefit from our legal expertise and long-standing market knowledge. We regularly hold shares in trust for companies with annual sales of several hundred million euros and manage collateral for their lenders.
What you need to know about dual-purpose trusteeships
- The trustee holds assets (usually company shares) in trust as collateral against new funds from a lender
- If the agreed purpose of the trust is met (usually successful reorganisation), this is an added benefit for the shareholders placing the property in trust