stabiilsusprogramm
A stabiilsusprogramm, often translated as a stability program or arrangement, is a legal framework designed to help financially distressed companies restructure their debts and operations. It is a judicial procedure that allows a debtor to propose a plan to its creditors for overcoming financial difficulties while maintaining its business activities. The primary goal is to achieve a sustainable financial situation, thereby preventing bankruptcy and preserving jobs.
The process typically involves the appointment of an administrator who oversees the company's affairs and works
A key feature of a stabiilsusprogramm is that it can offer a moratorium or stay on creditor