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Restructuring & Insolvency law
Alert procedures or the art of lighting a fire that you don’t know how to put out preventively ?
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Laura Ngoune
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March 9, 2024
Published on Be A Boss, March 2024
By Laura NGOUNE & Didier BRUERE-DAWSON
There are various tools for alerting to difficulties within a company, and they require the participation of different stakeholders. These tools make it possible to identify weak or strong signals of legal, economic or financial difficulties, whether proven or foreseeable, that could compromise the continuity of operations.
Because prevention is better than cure, the purpose of alert procedures is to encourage managers, who may be overwhelmed by the situation or hesitant, to implement the corrective measures provided for by Insolvency Law in order to ensure the company continues as a going concern.
Our article reminds managers that they can seek support as soon as the first difficulties arise.
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