Corporate Insolvency

Corporate UK insolvency law embodies four overriding objectives: corporate rescue, maximising return to creditors, a fair system for ranking of creditors' claims, and sanctions for culpable management. Our team has a wealth of experience in dealing with all legal issues involved in achieving these objectives.

We deal with voluntary arrangements, administrations, receiverships and liquidations for companies and partnerships. We act primarily for insolvency practitioners and lending institutions but also corporate clients and their directors and shareholders.

Our experience spans a number of industry sectors including, automotive, construction, leisure, legal practices, licensed trade, property, retail and textiles.

We advise on all legal issues which can arise in any corporate insolvency regime, including

• the appointment of the insolvency practitioner
• the validity of a lender’s security
• retention of title and other proprietory claims
• recovering and realising assets including business and asset sales
• trusts and other equitable rights

Examples of our recent work include:

• acting for administrators on the high value and complex sale of the business and assets of a large textiles business which ultimately resulted in saving numerous jobs in the North East and included dealing with a complicated sale of unregistered land;
• acting for receivers appointed over a solicitor's practice;
• acting for the administrators of a large residential property group;
• acting for the administrators of a loss-making subsidiary of a large property development group.