The adoption of the Bankruptcy Procedures Code will force business to revise established business practices in many respects, and law firms specializing in this area will need to provide quality and systematic support to clients’ activities, both those at the stage of reorganization, liquidation or bankruptcy, and those working with such contracting parties .
Given the updated requirements of the law and its “pro-creditor” status, protecting the interests of creditors is becoming more effective, and law firms accompanying debtors are required to provide comprehensive advice and protect the interests of clients as soon as possible.