Implementation of the restructuring plan

During the course of implementing the restructuring plan we monitor the implementation of the said plan together with the managers of the company, submit proposals on the required changes in the economics activities of the company, participate in the negotiations with the creditors concerning any amendments to the restructuring plan, help the managers of the company prepare the respective reports to the  restructuring administrator and creditors and represent the company at creditor meetings.

Following the approval of the restructuring plan, the company continues operating as laid down in the restructuring plan. The debts to the creditors are repaid according to the procedure set forth in the restructuring plan, property is sold (if decided so), creditor meetings are held, information on the implementation of the plan is provided and, if needed, the plan is amended, etc. The restructuring plan is to be implemented within four years with a possibility to extend this term for one year more.