Legal analysis of the grounds for filing a bankruptcy petition
Legal analysis of the grounds for filing a bankruptcy petition is a service that stands out from the competition. PwC Legal lawyers, drawing on their knowledge and many years of experience, conduct a legal review of financial and legal documents to minimize the risk of personal liability for individuals managing entities in financial distress.
Legal analysis of the grounds for filing a bankruptcy petition
Legal support in assessing insolvency status is dedicated to business entities facing financial difficulties. The client receives a professional legal analysis necessary to determine whether the conditions triggering the obligation to file for bankruptcy are met.
Expert assistance helps reduce the risk of personal civil and criminal liability for individuals managing business entities by verifying whether the obligation to file for bankruptcy has arisen, as well as ensuring compliance with other applicable legal requirements.
Product Description
Managers of business entities that have become insolvent are required to file for bankruptcy in a timely manner to avoid personal civil and criminal liability. In borderline cases, determining whether insolvency has already occurred often requires specialist knowledge. Seeking such expertise can help decision-makers assess whether they can continue the company’s operations without risking personal liability or whether they are obliged to file for bankruptcy. This analysis can be especially valuable for newly appointed board members who must quickly assess the company’s financial situation to determine whether they face liability for failing to file the petition on time.
A legal analysis of insolvency will determine whether the conditions triggering the obligation to file for bankruptcy have been met, and if so, within what timeframe. PwC Legal lawyers will review the financial situation of the entity from a legal perspective and provide guidance on any necessary next steps.
Our experienced lawyers and restructuring advisors also offer legal advisory services during the bankruptcy filing process and throughout the ongoing bankruptcy proceedings.
Benefits
Limiting the Risk of Personal Liability
Easy management of GDPR compliance and the whole documentation. Accountability rule fulfilment thanks to designed dedicated functionalities and built-in methodologies.
Efficiency
Increased efficiency and support for DPOs in their daily tasks through a designed workflow system, automated risk analysis, built-in threat catalog and automatic report generation.
Standardisation
Support your organization's Data Protection Impact Assessment (DPIA) with specially designed functionality and a standardized process approach.
Main functionalities
Risk analysis and DPIA
Perform preliminary risk analysis and DPIA using a predefined threat catalog. Analysis results are visible in the dashboard.
Record of processing activities
Maintaining a register of personal data processing activities carried out currently, in the past or yet to be planned. Complete integration with risk analysis.
Processor's and data recipients registers
Management of relationships with data recipients and entities entrusting data processing and storing key information about them in one place.
Automated workflow of tasks
Management and delegation of tasks resulting from the conducted risk analysis and aimed at achieving an acceptable level of risk by the organization.
Additional functionalities
Documents management
Maintaining a repository of legal and organisational documentation (policies, procedures, process map, gap analysis, templates, etc.).
Data breaches management
Automated methodology for assessing the risk of violation of rights and freedoms of the entities allows for quick and accurate decisions on possible notification of the entities and the authority.
Entity Rights Management
Facilitates the accountability principle by: registering entities' requests for the realization of their rights and documenting communications with data subjects.
Individual DPO's log
Documentation of additional Data Protection Officer's activities enhancing organisation's GDPR compliance.
DPO Tool deployment process
- Implementation of cloud version takes only 1 day and includes granting your team an appropriate access to the tool.
- Preparation of an environment for implementing an on-premise version requires close cooperation with us. On our side, we guarantee:
01
Tool installation
Duration: 1 day
02
Documentation customization and data import
Duration: 4 days
03
Conducting a dedicated training
Duration: 3-4 hours