Restructuring and insolvency

The lawyers in our national restructuring and insolvency group have extensive experience advising on business restructuring, counterparty insolvency, security enforcement and formal insolvency processes, on both non-contentious and contentious assignments.

We help on various financially distressed assignments. Recent examples include advising:

• Archant Media – Acted on the group’s restructuring to enable the 175 year old business to avoid administration and survive, saving over 1,200 jobs, with the agreement of the pension scheme and the PPF to a compromise of a substantial pensions deficit through a CVA, enabling a share sale to RCapital and a refinance of the business by RCapital and Secure Trust Bank. 
• Ferguson Marine - Acted for a surety client as issuer of two Refund Guarantees on the administration of Ferguson Marine shipyards in Scotland and its subsequent purchase by the Scottish government.
• Mothercare - Acting for the administrators on employment issues arising out of the trading of the Mothercare business in the UK, following the earlier conclusion of its CVA.
• Thomas Cook - Advising AIG in relation to the terms of its indemnity arrangements with the Thomas Cook Group and on the lead up to and following the compulsory liquidation of the Thomas Cook Group.

• BDO
• FRP Advisory
• Grant Thornton
• Mazars
• PNC Business Credit
• RSM
• The Insolvency Service