Restructuring & Insolvency
We advise companies in financial difficulty, insolvency practitioners, banks and other lenders, funds, private equity, debtors, creditors and directors from the pre-insolvency stage right through to the restructuring and/or the formal insolvency procedure and beyond.
Our team is multi-disciplinary and comprises specialists from corporate, dispute resolution, employment, tax, real estate and intellectual property.
We regularly advise on the following matters:
Pre-insolvency
- solvency and the precise point of insolvency
- directors’ duties and personal liability for directors
- protecting the interests of debtors and creditors
- review of existing finance facilities
- availability of grants and reliefs
Restructuring
- loan facilities, security and intercreditor arrangements
- short term (bridging) financing, notes and equity investments
- corporate re-organisations and restructuring
Insolvency
- implementing formal insolvency procedures (incl. CVAs, IVAs and receiverships)
- acting for buyers on the purchase of insolvent businesses;
- creditors’ rights and retention of title claims
- acting the insolvency practitioners on the sale of insolvent businesses;
- maximising recoveries of sums owed
- defending or bringing insolvency claims
- fraud investigations
Meet our team Related items
Insolvency issues for directors
31 May 2021All directors owe duties to their companies. When a company is solvent, those duties are paramount but once insolvency is pending, directors must act in the creditors best interests. That difference means that the nature of the directors’ duties undergoes a significant shift when insolvency threatens.
Financial support for SMEs: The Coronavirus Business Interruption Loan Scheme (CBILS)
06 May 2020Government-backed loans of up to £5 million to small and medium businesses
Her Majesty’s Government enters the VC market
24 April 2020The UK Government is now to become the latest VC to provide finance to start-ups, but what are the terms of this support? Is this finance likely to be useful or are those terms overly punitive? Will this impact on the terms available from existing investors? We analyse this below.
Government announces new £250m ‘Future Fund’ to support start-ups and growth companies
20 April 2020Details were published today, 20 April 2020, of the Government’s plan to make investments in growth companies hit by the coronavirus and the drastic reduction in venture capital investment.
Furlough and insolvency – High Court ruling on Carluccio’s
16 April 2020The High Court has given a helpful judgment concerning the furloughing of employees by the administrators of Carluccio’s, the Italian restaurant chain.
Convertible loan notes and/or advance subscription agreements as a source of emergency funding: FAQs
07 April 2020Convertible loan notes and advance subscription agreements are typically used as alternatives to equity fundraising by growth companies or more established businesses looking for short term financing to get them to their next equity round (so-called “bridge financing”)
Corporate solvency – matters to consider in light of COVID-19: FAQs
03 April 2020The UK Government has announced a number of changes to the UK insolvency framework in light of the economic storm caused by the COVID-19 pandemic.
VAT and income tax deferrals to assist VAT-paying businesses and the self-employed during Covid-19 Outbreak
27 March 2020As part of the sweeping financial package announced by the Government on 20 March 2020, the Government is offering VAT and income tax deferrals to assist with the cash-flow of VAT-paying businesses and the self-employed. These deferrals are expected to provide over £30bn of additional cash-flow to a wide variety of British businesses.