Resolution Plan Facilitator
The Resolution Plan Facilitator assists in the formulation, evaluation, and facilitation of the resolution plan for the distressed company. Here are some key aspects of Resolution Plan Facilitator services:
1.Plan Formulation: The Resolution Plan Facilitator works closely with the stakeholders, including the resolution applicant, creditors, and other relevant parties, to develop a comprehensive resolution plan. This involves analyzing the financial and operational aspects of the corporate debtor, identifying potential restructuring or revival strategies, and proposing measures to address the financial distress.
2.Coordinating with Stakeholders: The Facilitator acts as a mediator and coordinator between the resolution applicant, creditors, and other stakeholders involved in the resolution process. They facilitate discussions, negotiations, and consensus-building to ensure the plan meets the interests of all parties involved.
3.Financial and Legal Analysis: The Resolution Plan Facilitator conducts a detailed analysis of the financial statements, legal obligations, and regulatory compliance requirements of the corporate debtor. This analysis helps in identifying potential risks, liabilities, and legal constraints that need to be addressed within the resolution plan.
4.Plan Evaluation and Viability Assessment: The Facilitator assesses the viability and feasibility of the resolution plan proposed by the resolution applicant. They evaluate the potential impact on the financial position, operations, and long-term sustainability of the corporate debtor, considering various factors such as market conditions, industry dynamics, and projected financial performance.
5.Compliance and Regulatory Advisory: The Resolution Plan Facilitator guides the resolution applicant and other stakeholders in understanding and complying with the applicable legal and regulatory requirements during the formulation and implementation of the resolution plan. They ensure that the plan adheres to the provisions of the insolvency law and other relevant regulations.
6.Documentation and Presentation: The Facilitator assists in preparing the necessary documentation, including the resolution plan, supporting financial projections, and any other required reports. They ensure that the plan is presented clearly and comprehensively, addressing the concerns and requirements of the creditors, regulatory authorities, and other stakeholders.
7.Plan Implementation Support: After the approval of the resolution plan, the Resolution Plan Facilitator may provide support in implementing and monitoring the plan’s execution. This may involve periodic reviews, reporting on progress, and coordinating with relevant parties to ensure compliance with the approved plan.
The specific services provided by a Resolution Plan Facilitator may vary depending on the jurisdiction, specific circumstances of the insolvency case, and the terms of engagement between the Facilitator and the stakeholders. It’s important to consult the relevant insolvency laws, and regulations, and seek advice from professionals experienced in insolvency resolution processes for detailed and up-to-date information.