Restructuring and insolvency
Our Business Restructuring and Insolvency team provides advice to business clients who wish to rearrange their corporate affairs either as a result of financial distress or in order to provide a better group structure, or for tax and business efficiencies.
Typically this will involve a group of companies, but may also extend to LLPs, partnerships, other corporate entities or directors or shareholders. We also provide advice to lenders, creditors, Insolvency Practitioners and other advisers dealing with restructuring.
We provide advice which is clear and concise and sets out a range of possibilities with a recommendation. We will look at all the options and talk them through with you. We will talk to you about what you are trying to achieve and what your issues are at the outset then tailor our advice with those aims in mind.
More about our service
We have a cross-departmental team which is vastly experienced in business restructuring and insolvency, which allows us to provide a full service offering so that all our clients' needs are met without having to look elsewhere. Our real estate team has UK wide capacity and possesses a wealth of experience in dealing with insolvency–related work, principally in advising landlords, insolvency practitioners and purchasers. They are supported by our construction team which deals with both contentious and non-contentious work, including claims arising out of insolvency. Our litigation and employment teams routinely advise on insolvency and restructuring matters, including on TUPE, director's duties, and challengeable transactions.
Our approach to fees
Transparency is our watchword when it comes to fees. Wherever possible we will try to agree a fixed fee up front before we start work and once we have a full understanding of the scope of our instructions. If things change or unexpected issues arise we will have a discussion with you about the effect this will have on our fee quote. The nature of some of the work we carry out means that it is very difficult to predict in advance what the cost is likely to be. In those circumstances we will give you an estimate based upon certain criteria and keep you regularly updated on the fees position.