We also act for individuals as well as insolvency practitioner office holders. We provide the technical legal advice and strategic support needed to help navigate and mitigate the legal, commercial and reputational consequences arising from financial distress.
We provide a specialist service, tailored to the relevant circumstances, commercial context, assets and legal arrangements. Our approach is commercially-led and pragmatic, and draws on the full, complementary skill sets of our lawyers.
We commonly advise:
- Company directors as to their responsibilities and exposure in time of financial distress, such as in relation to supply chain issues or other working capital constraints
- Business owners and shareholders in companies with working capital constraints as to value creation and protection, and additional fundraising
- On actions to take in respect of distressed counterparties, including debt collection, asset tracing and recovery, and contractual variation and settlements
- On actions to take in response to, and in defence of, creditor or other action against businesses in financial difficulties
- Insolvency practitioner office holders, such as administrators and liquidators, on their appointment and the management of the formal or informal insolvency process
- Office holders in litigation, such as in respect of ‘clawback’ applications under the Insolvency Act
- On property issues in the insolvency context, including in relation to insolvent landlords and tenants, security reviews for charge holders, acting for insolvency practitioners on disposals and dealing with land that is bona vacantia or subject to escheat
- On actions to take to protect the reputations of businesses and their owners, directors, and shareholders
- Charities and their trustees, beneficiaries and commercial partners on the implications, practicalities and consequences of a charity’s financial distress and insolvency
