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Insolvency & corporate recovery
Adverse economic or supply conditions, management failures or unforeseen events can push businesses over the brink into insolvency.
Those affected need lawyers who can help them understand the implications of the situation and guide them through a complex legal environment. With our knowledge and experience of insolvency and corporate recovery, we can help.
In addition to technical knowledge, our experienced insolvency lawyers are known for their understanding of the practical conduct of insolvencies.
So, whether acting for insolvency office holders such as administrators or liquidators, or acting for directors, creditors, debtors, employees or others affected by an insolvency situation, we can respond promptly and effectively.
As well as dealing with insolvency and corporate recovery, we also provide a gateway to the firm’s wider legal resources – providing clients with access to specialists on issues affecting particular assets and liabilities (for instance, land, intellectual property, or pensions) or particular industries or sectors (for example, farming or charities). By establishing skills based teams in the larger insolvencies, we can also deliver our legal services responsively and efficiently, saving you time and costs.
We also provide the following:
- We advise on and will instigate insolvency proceedings for our clients where appropriate – whether a winding-up, administration or one the other available processes
- We provide advice to boards of directors or individual directors on their duties and potential liabilities in periods of financial difficulty for their business
- We advise on reservation of title claims and security rights
- We recover money or assets in insolvency situations applying the law and using the Court procedures to enforce clients’ rights
- We advise on the effects of insolvencies on contracts
- We investigate, prosecute and defend claims against directors or others who have misapplied assets
- We act on the sale or purchase of businesses and assets of insolvent companies.
- We represent clients at creditors meetings
- We also have experience of advising in cross-border insolvencies, where necessary supporting overseas insolvency office holders in UK proceedings.
We act in liquidations, administrations, receiverships and voluntary arrangements. In the case of individuals, we act in relation to bankruptcies and individual voluntary arrangements.
To download our Insolvency & Corporate Recovery service sheet, please visit our Knowledge Centre.
