As a result of the ongoing pandemic, many businesses will be facing challenging times due to disruption of their business activities. More than ever organisations will need to be flexible and make tough decisions to remain resilient in the years to come.
Dealing with financial distress is often complex, challenging and time critical, and having access to an experienced and specialist legal team which is responsive, commercially minded and quick thinking can make a real difference to the outcome of your situation. This includes keeping you abreast of the latest developments in insolvency law, including the recent reforms introduced by the Corporate Insolvency and Governance Act (CIG) 2020, many of which were introduced to offer greater confidence to directors to keep businesses trading during the current pandemic. We have the expertise to offer specialist advice on how such legislation would affect you and suggest tailored solutions to the complex issues you are facing.
We act for insolvency practitioners, lenders and financial institutions, companies, directors and stakeholders on the full range of contentious and non-contentious insolvency work. Among the issues we advise on are:
- Restructuring of solvent and insolvent companies
- Pre-formal insolvency advice and planning
- Cross-border insolvency and COMI issues
- Advice on directors’ duties and liabilities concerning distressed or insolvent companies
- Formal insolvencies, including administrations, liquidations (solvent and insolvent) and bankruptcies
- Informal insolvencies, such as Company Voluntary Arrangements and Individual Voluntary Arrangements
- Security reviews on existing or proposed loans
- Strategic acquisitions of insolvent businesses and assets from insolvency practitioners
- Advice to investors in distressed or insolvent companies
- Litigation and recovery actions
- Tenant insolvency and other real estate related insolvency situations
- LPA and other fixed charge receiverships
- Asset tracing
- Directors’ disqualification proceedings
Should you find yourself at risk of insolvency or entering formal insolvency procedures, you may be subject to investigations that could lead to complex domestic and cross-border litigation. As part of a cross-office and firm wide investigations group, we can help you obtain and resist the types of emergency relief that businesses in trouble often require.
The cost of resolving disputes can be one of the biggest concerns for individuals and businesses and it can determine whether you even consider pursuing a legal claim. We utilise our bespoke litigation funding product, Feesible, to offer you a variety of ways that funding for a claim can be structured and risk can be managed between us.
If you would like to talk to our team about how we can help, we would be happy to discuss your particular concerns and identify the best route forward.
News & Insights
Charles Russell Speechlys successfully advises Europlasma on its restructuring plan
Paris restructuring and insolvency team help their client reduce net debt by 95%.
“Subject to contract” wording in settlement negotiations: a label that sticks
Durra looks at the term “subject to contract” and how it was put to the test in Joanne Properties Ltd v Moneything Capital Ltd and another.
The French Government extends exceptional insolvency measures related to the COVID-19 crisis up to the 31st December 2021
Many of the measures of the French Ordinance No. 2020-596 were due to expire on 31 December 2020.