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Restructuring and insolvency

If your business is facing financial difficulties, you may be apprehensive about its future. You might also be concerned about what any changes mean for you and your employees. Although it can feel like the issue is completely out of your hands, it could be possible to get your business back on track. By taking a strategic approach with the guidance of a highly-experienced legal adviser, you can make informed decisions that help protect your business and its assets.

Key Contacts

EXPERT SUPPORT FOR COMPLEX BUSINESS DECISIONS

Your business might be experiencing insolvency or complex disputes with companies or people in your supply chain. Perhaps you have decided to restructure your business to reduce costs and make space for new opportunities. Or you could be pursuing a venture, such as an acquisition and merger, that requires streamlining your assets. Property, deficit and employment issues can complicate matters further. And if you are a creditor, you may also need legal assistance to maximise recoveries and help manage your credit.

Based on your own commercial objectives, we will guide you strategically through your business’s challenges. Recovery is usually the most suitable, efficient and cost-effective course. Working closely with management teams, accountants and insolvency practitioners, we will help you develop an appropriate strategy to realign your business model in a way that best secures its future. This new focus may require streamlining or closing part of the business, and we can advise you throughout processes like these.

Whether you are the company specifically affected, a management team, stakeholder, creditor or insolvency practitioner, we can help you achieve the best outcome for your business. We will build a team around your needs, calling upon our insolvency lawyers together with specialists across corporate, financial, litigation, commercial, employment, property and debt recovery matters. From the outset, you can use our personal insolvency service to cover yourself against the risks of bankruptcy.

Highlights

Our Restructuring and Insolvency Team has been involved in a number of high-profile claims and cases. Highlights include:

  • restructuring a national firm of valuers and surveyors across 50 locations before voluntary liquidation
  • concluding the purchase of multiple distressed construction companies, leading to consolidation into a new specialist construction services group
  • successfully defending directors facing a £40 million claim for wrongful trading and breach of duty
  • restructuring and achieving the survival of a professional practice with substantial pension deficit claims and restructuring

  • advising a liquidator of a Luxembourg Limited Partnership regarding its asset and property holdings in the UK
  • recovering unlawful dividends/preferences from directors/members of insolvent businesses
  • restructuring the land ownership in a farming partnership on a partner bankruptcy

Contact

Sources say Mark Cullingford is ‘very commercially astute and imaginative in dealing with insolvency problems’.

Melissa George is a ‘sensible practitioner who knows her stuff’.

Chambers and Partners 2016