Mercal Consulting Group provides services under the SIREVE - Business Recovery System.
Mercal is integrated into the global IMCN network, with presence in Europe, Africa, America and Asia.
Mercal is considered the Best Consultancy Company by the prestigious worldwide organizations ACQ5 and Acquisition International.
Get to know the System of Recovery of Companies by the Extrajudicial way!
Within the scope of the Revitalize Program, two procedural mechanisms were created to provide entrepreneurs with an adequate legal framework for the recovery of companies in difficulty: The Special Revitalization Process (PER) and the System for the Recovery of Companies by Extrajudicial Way (SIREVE).
On August 3, Law Decree No. 178/2012 was published which establishes the procedure to promote the extrajudicial recovery of companies.
SIREVE is made by agreement between the company and all or some of its creditors that represent at least 50% of the total of its debts and that allows the viability of the company. Procedure titled SIREVE - System of Recovery of Companies by Extrajudicial Way.
For a more effective program several changes were made in relation to the previous legal framework, among which:
• Decrease in the deadlines for the end of the negotiation process: Up to 4 months;
• Design of instruments to protect debtors and creditors during the negotiation process;
• Creation of repayment plans plus benefits for debtor entities.
Through a qualified and experienced team, we promote the financial restructuring and the viability of the company, in SIREVE, through a methodology that goes through the following stages: