The retail world has clearly been significantly impacted, with CVAs becoming increasingly prevalent. Dealing with circumstances related to financial distress can be extremely difficult from a business and personal perspective be you a debtor or a creditor.
Whether you are looking to restructure your current operations or seeking guidance on insolvency, you need to work closely with a team to devise an innovative strategy which will protect your interests and maximise the economic outcome of your situation. Whilst we cannot predict or control outside events, our insolvency lawyers can help you plan how best to protect your businesses and any personal liability you could face.
Our Corporate recovery & restructuring team works with financial institutions, insolvency funders, private equity houses and turnaround professionals, insolvency practitioners and businesses and individuals across a range of different industries. We have substantial experience working with Boards to guide them through difficult trading periods. We work with cash flows to deal with creditors in the best way for all, including negotiation and drafting appropriate standstills. We also work for officeholders and litigation funders, always striving to maximise returns for creditors.
We fully integrate with your team, building up a thorough understanding of your business and your commercial position. We will then guide you through the potential opportunities and risks and work collaboratively with you to develop a pragmatic and commercially focused strategy tailored to your business. Our team is constantly striving to find new and more effective solutions for our clients and is committed to delivering the best possible results.
We have wide and varied experience of all aspects of turnaround and restructuring over many financial crises whether acting for creditor groups, restructuring practitioners or working with the board through the process, providing them with protection and comfort they need through the difficult times. We have been at the front end of restructuring in the Covid 19 crisis working to mothball companies to await the end of lockdown and planning the exit strategy including CVAs and Schemes of Arrangement to avoid overtrading.
We have been at the front end of restructuring in the Covid 19 crisis working to mothball companies to await the end of lockdown and planning the exit strategy including CVAs and Schemes of Arrangement to avoid overtrading
We regularly act for administrators, advise directors on putting their company into administration and assist creditors of companies which have gone into administration, particularly landlords.
We advise companies on the accelerated M&A process and administrators on the many issues trading the business of insolvent companies and on selling the businesses whether via a pre-pack or following a period of extensive marketing through the trading period.
As well as selling the businesses and assets of insolvent companies for administrators we act for entrepreneurs and investors (ranging from high net worth individuals looking to diversify their investments to venture capital and private equity firms) in buying businesses from administrators and liquidators.
One of the hopes of the end of the closing of the economy caused by Covid 19 will be the ability of this new money to save otherwise good businesses which have failed through no fault of their own.
We regularly advise liquidators, directors, shareholders and creditors on all issues relating to compulsory and voluntary liquidations, including solvent liquidations (MVLs).
We regularly act on Insolvency Act and ‘breach of duty’ claims by liquidators and administrators; we also advise directors threatened with such claims.
We have acted for the trustee on many high-value and complex bankruptcies; we also regularly advise bankruptcy creditors, the bankrupt’s spouse and the bankrupt. We also have considerable experience of advising on voluntary arrangements and bankruptcy annulments.
We have considerable experience of advising directors threatened with disqualification proceedings. We regularly defend such proceedings, negotiate the terms of disqualification undertakings and act on applications for permission to be a director while disqualified.
We regularly act in shareholder disputes and often advise minority shareholders unhappy with the way a company is being run on their rights and remedies. We are very experienced in these disputes which can be as bitter as a divorce particularly with family companies (often following a bereavement or arising during succession planning)
and between former friends who went into business together and we have the patience and the insights and experience to steer the parties to a successful outcome, most frequently through mediation.
Having worked in Insolvency and restructuring for so long (our Team’s experience goes back to 1980) we are expert and analysing often complex security and priority arrangements affecting companies and members of the security group.
This is of particular importance for boards, investors and funders considering any form of restructuring, and to administrators and liquidators who need to know how to deal with assets in their control which may be subject to fixed or floating charges.
Need some more information? Make an enquiry below
Corporate recovery, restructuring & insolvency key contacts
Partner
Talk to Jeff about Commercial, Commercial disputes, Corporate, Corporate recovery, restructuring & insolvency and Private equity
We are now offering clients a Corporate Recovery & Restructuring Advice Helpline. This provides clients with instant access to our team of specialist insolvency lawyers and up to thirty minutes free legal advice.
We are here to answer any queries or concerns you might have regarding the impact of Covid-19, what legal options are available to you, and what steps you can take to protect your business, your staff.
The economic impact of Coronavirus (COVID-19) on businesses will be significant. Employers will need to strike a delicate balance between protecting the solvency of their business and supporting their employees.
Recent experience
Partner
Talk to Jeff about Commercial & Commercial disputes & Corporate & Corporate recovery, restructuring & insolvency & Private equity
Partner - Head of Dispute Resolution Services
Talk to Robin about Banking & financial disputes & Commercial disputes & Corporate recovery, restructuring & insolvency
Partner
Talk to Ragavan about Commercial & Corporate & Corporate recovery, restructuring & insolvency & Private equity
Partner - Head of Commercial Services
Talk to Sharon about Corporate & Corporate recovery, restructuring & insolvency & Private equity
Associate
Talk to Christian about Commercial & Corporate & Corporate recovery, restructuring & insolvency & Private equity
Associate
Talk to Valentina about Commercial & Corporate & Corporate recovery, restructuring & insolvency & Data protection
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