At Osborne Clarke, our restructuring team has a reputation for its ability to represent the diverse parties, understand the range of perspectives, devise creative solutions and project manage the process.

Project management expertise is essential and helps prevent loose ends derailing the process. Good communication with all the stakeholders often makes the difference between success and failure.  Efficient execution keeps the costs under control.

 Whether you are a financial institution, director, creditor, insolvency practitioner or turnaround specialist, we can advise you on a wide range of restructuring and recovery issues, both contentious and non-contentious. For example, we advise on formal and informal arrangements with creditors, moratoria, corporate restructuring, administrations, administrative receiverships, receiverships, liquidations, solvent corporate closure, asset protection and landlord issues.  We also have particular expertise in advising directors of under-performing businesses. Our international network and significant experience of handling corporate restructuring assignments in the US and Europe means that we are well place to provide cross-jurisdictional advice.

We build strong relationships with our clients, ensuring a thorough understanding of the commercial issues affecting debt providers and management teams alike.

• Acting for RBS Invoice Finance and The Royal Bank of Scotland in relation to the refinancing of a metal distributor to the aerospace industry including acquisition finance for the buyback of 50% of the company's shares together with a working capital facility. Total funding amounted to £54 million which included an invoice discounting facility of £25 million and an inventory facility of £10 million.
• Acting for the joint liquidators of AY Bank Limited (an English company) in proceedings brought in New York against a US-based global banking group for the repayment of $34 million plus interest. The accounts in which the deposits had been placed had been frozen in the US bank between 1992 and 2003 as a result of a series of Presidential Executive Orders that had been issued, in part, because of AY Bank's affiliation with the government of the Federal Republic of Yugoslavia.
• Acting for Close Brothers and BDO Stoy Hayward in relation to an ailing group of companies that owned 12 leading restaurants in London.

Nigel Boobier
t +44 (0)117 917 4164
nigel.boobier@osborneclarke.com

David Wright
t +44 (0)20 7105 7218
david.wright@osborneclarke.com