Banking and finance

Restructuring and insolvency

Our international team has considerable experience of advising a wide range of clients that are working with businesses in financial difficulty to, wherever possible, rescue those businesses, maximise realisations for stakeholders and mitigate risk. Our experience means that we are able to understand different perspectives and manage complex restructuring projects.

Typically, restructurings involve a complex number of interdependent elements, which demands multidisciplinary thinking, so our aim is to always offer a bespoke team with relevant expertise for each case. Depending on the circumstances, the team might include lawyers with expertise in banking, corporate, commercial, IP, technology, real estate, employment, pensions and disputes, as well as restructuring and insolvency.

We act for corporates, directors, banks, accountancy firms, turnaround professionals and pension scheme trustees. We also have considerable experience of international cases and in disputes, fraud and insolvency. In all our work, we focus on achieving your objectives and ensuring that we deliver both quality and value. We have expertise and experience of working in most sectors but in particular in real estate, retail, energy and utilities, hospitality and leisure and digital business.

Experience


THQ

Advised on the solvent restructuring and wind down of the European subsidiaries following the Chapter 11 filing of the US parent.

Alitalia Airlines

Acted for the UK liquidators and dealing successfully at trial with a reported case on the co-operation between office-holders.

Project Langley

Advised the funders on the multimillion pound disposal and exit in relation to an AIM listed travel company principally based in Canada.

Confidential restructuring

Advised a Polish financial institution on the restructuring of a pan-European group affected by way of a scheme of arrangement.

Project Deacon

Advised a pan-European group on the sale of its UK and Irish subsidiaries by way of an insolvency process in conjunction with the solvent sale of its European subsidiaries.

Directors’ duties issues

Extensive experience prosecuting cases pursuant to the Company Directors Disqualification Act. Acted for defendants involved in defending claims and directors faced with misfeasance claims, including issues concerning the delivery of documentation and information.

Travelodge Group

Advised a number of landlords as to their rights and obligations in relation to the CVA of the Travelodge Group.

Project roadster

Acted on the multi-million pound sale of a portfolio of nine motorway service stations in the UK and let to the Welcome Break Group driven by the lender and completed by means of a pre-packaged administration sale.

Opal

Acted for Campus Living Villages in the purchase of eight student accommodation sites from administrators of in excess of £240m.

Jessops

Advised the purchaser of the business and certain assets of Jessops in a joint venture out of an administration process.

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