Our Corporate Recovery department is a recognised leader in the field.
We offer immediate, practical legal advice and work closely with our clients to find solutions to the many issues that confront them in situations involving financial difficulty.
We provide the full range of services which may be needed to effect a successful restructuring or turnaround - from advising directors on their duties and liabilities, through to standstill and support operations, debt rescheduling and debt to equity conversions. Our clients include major banks, private equity and venture capital houses, companies, their directors and turnaround and insolvency practitioners. Where appropriate, we also advise on insolvency options and procedures.
“Cost-effective and have a practical approach to ensuring the greatest chance of business survival.”
In addition, we provide advice:
- to purchasers of, or investors in, distressed businesses and companies
- to foreign law firms and overseas clients who need assistance in dealing with companies experiencing financial difficulty in the UK
- on contentious as well as non-contentious matters, working closely with our highly-regarded litigation and dispute resolution team
“Really know their stuff in relation to the turnaround and private equity restructuring market.”
The Legal 500
Our clients appreciate being able to obtain corporate recovery advice from specialists who are experienced, pragmatic and commercial. Clients also appreciate our integrated approach - the ability to call upon relevant specialists from across the firm to provide the best advice for each assignment in a co-ordinated manner. Our extensive relationships also mean that we can assemble bespoke, multi-disciplinary teams for projects and will, where appropriate, lead the team and manage the process.
Recent projects include advising:
- Acertec Group on a complex restructuring and refinancing, including addressing obligations under two defined benefit pension schemes
- Blacks Leisure Group plc on its restructuring, involving two company voluntary arrangements and new bank facilities
- Clinton Cards plc on the restructuring of part of its business and the administration of its subsidiary, Birthdays Limited
- Midas Capital PLC on its debt/equity swap and refinancing
- the management of SSP Financing Limited on its scheme of arrangement and debt restructuring
- various creditors of the Lehman group
- the liquidators of the Peloton hedge fund
- the Amtrak Express Parcels group
- Cape plc on its restructuring and turnaround and then on a ground-breaking scheme of arrangement in connection with asbestos claims
- Pinewood Shepperton on its acquisition of Teddington TV Studios from administrators
- the trustees of various pension schemes
- TJ Hughes on the restructuring of its asset based lending facilities