Recent work
Restructuring and Insolvency
Acting for the administrators of a property development company in default of lending facilities
This was a complex matter because the development in question was part complete and partly tenanted. The building was also the subject of Grenfell cladding issues.
Restructuring and Insolvency
Acting for a creditor in a special administration
Involving a complex interplay of cross-border and sanctions issues within the English and Welsh insolvency legal framework, this leading case concerned how Special Administrators were looking to sell/distribute the company’s (in special administration) assets with a value of US$233 million held in Russia.
Restructuring and Insolvency
Representing administrators of a national logistics company
The administrators faced a decision on whether to risk the expense of keeping the administration process open while large scale, class action litigation from which the company in administration might benefit proceeded.
Restructuring and Insolvency
Acting for offshore lender in dispute with defaulting borrower
Our client advanced several million in loans to a company developing short-term accommodation. The project fell into difficulties early on, to the extent that it would not be completed within budget so that our client lender would never be repaid in full. We provided extensive advice to the lender on its options, including the possibility of appointing administrators and/or receivers to take control of the borrower/property and transfer it into a joint venture.
Restructuring and Insolvency
Advising national group of companies on restructure
Our client has a revolving credit facility with a UK clearing bank, plus various other loans. The COVID-19 pandemic had a serious effect on the client’s business, which it started to recover from during 2022.
Restructuring and Insolvency
Acting for liquidators of publishing firm
We advised the liquidators on the sale of various company assets, including its trading business immediately before liquidation and related assets, such as the sale of intellectual property rights owned by it.
Restructuring and Insolvency
Using mediation to reach settlement following liquidation
We acted for the liquidators of a building contractor that fell into insolvent liquidation owing nearly £1million to creditors, many of them consumers. Following an extended mediation and extensive negotiations, we reached a settlement on terms acceptable to the client.
Restructuring and Insolvency
Acting for individual director of private limited company
We are instructed by the director of a construction company which went into liquidation with creditor claims exceeding several million. Our client faces a claim for misfeasance for allowing the payments to be made to shareholders in preference to the creditors which the Company had at the time. The client disputed all the claims on various grounds, including arguing that the company was in fact insolvent when he resigned given the projects the company had underway and in the pipeline.
Partner liability during insolvency
Acting for the partner of a solicitor’s firm that entered into administration on his liabilities to repay capital due to a former (retired) partner; his liabilities as regards the insolvent firm; and his duties generally in respect of the administration.
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