Mastering Recession and Economic Challenges
In 2024, the macroeconomic environment for companies will continue to be characterized by numerous uncertainties. Challenges such as lack of economic growth, persistent inflation affecting many economies, high energy and borrowing costs, the disruptive effects of digitalization, a shortage of skilled workers, changes in consumer behavior, geopolitical tensions, supply chain disruptions, and increasing regulatory requirements are among the most significant factors.
These issues present considerable challenges for companies, particularly regarding liquidity and financial performance, as well as medium-term strategic positioning in a slowing overall economic landscape. However, the current economic conditions also offer numerous opportunities for proactive and innovative companies.
Our services
Mastering Liquidity
Noerr analyzes your company's structures and processes to free up liquidity. We provide comprehensive support not only in the planning and implementation of restructurings, asset sales, sale-and-lease-back transactions, and international realignments, but also in enhancing your competitive position through M&A transactions and strategic partnerships. Our advisory services add value by covering all aspects of corporate law, commercial law, and tax law.
Mastering Workforce Optimisation
Noerr has extensive experience in making workforce deployment more flexible and reducing personnel costs for companies. Our particular strength lies in restructuring and reorganizations. We advise you on optimizing corporate and operational structures, implementing flexible personnel management, adjusting employment conditions (e.g., through restructuring agreements), and optimizing company pension schemes. We also successfully integrate works councils and unions into the process.
Mastering Financial Crisis Prevention
Noerr supports you in crisis prevention and overcoming liquidity shortages, as well as in restructuring and optimizing the liability side of your balance sheet. Alongside recapitalizations and refinancings, renegotiations of covenants, and the exploration of new financing sources (e.g., promissory note loans, (hybrid) bonds), we also advise you on the use of alternative financing forms such as factoring, leasing, and asset-backed securities (ABS).
Mastering Tax Optimisation Potentials
Noerr identifies specific potentials and strategies for tax optimisation when restructuring the assets and liabilities sides of the balance sheet, reorganising a company domestically or across borders, restructuring business models and handling (distressed) M&A transactions. These include tax exemptions for income from restructuring, preserving tax losses and interest carry-forwards, tax-neutral mechanisms for utilising hidden reserves, tax-efficient outsourcing of pension commitments to pension buy-out companies or issuing hybrid bonds to improve ratings, for example.
Mastering Value Chains
Noerr optimises your working capital by renegotiating contractual relationships with suppliers and service providers. Strict legal requirements, financial corporate goals, and a changing political environment often necessitate a realignment of supplier relationships. We provide comprehensive advice on the entire value chain, both nationally and internationally.
Mastering Digital Transformation
Strengthen your competitive position with a robust digital infrastructure that meets legal requirements. We assist you in executing the digital transformation [of your business] in compliance with the law, mitigating cybersecurity risks, enhancing performance through the use of artificial intelligence, and reducing costs in the long term.
Mastering Challenges of Disputes
Noerr protects you in disputes which arise in the context of an economic crisis of a business partner or of your company. With inter-disciplinary teams we develop solutions, assist you in out-of-court negotiations and defend your interests in court litigation. One of our strengths is a team that is experienced and specialized on all different mechanisms of dispute resolution and alternative dispute resolution, including arbitration. Also, we proactively safeguard your interest when a formal dispute is about to commence.
Mastering Challenging Times
Noerr supports you when complex challenges and crisis-related factors put your company under economic pressure. We help you navigate your company through distressed scenarios whilst adhering to legal frameworks and avoiding liability risks. We work hand in hand with you to overcome critical situations.
Mastering Energy Transition
The economy and society are in the grip of unprecedented change. Climate change, decarbonization, and sustainability are having an ever-greater effect on your business decisions. As thought leaders and pioneers of the energy transition, we help you recognize opportunities and potentials, work out strategies, and establish new business models.
Mastering Competition Challenges
In times of recession, Noerr supports your company in playing a crucial role in stabilizing and revitalizing the economy, while adhering to competition law. Competition law aims to promote fair competition and prevent market restrictions. This is especially important during a recession when companies may seek to reduce costs through collaborations, particularly with competitors. Due to the recession, some companies might also be compelled to seek state aid.
