We have an excellent reputation and proven track record on business restructurings, through advising on sale and asset transfer agreements, to support with buying assets and goodwill from insolvency appointees, including assisting with voluntary liquidations. Our sound strategic advice to management of all levels to address the challenges faced by all businesses to reduce costs and improve efficiency, whilst continuing to deliver quality service and an engaged workforce.
Our unique position of being able to draw on support when required from Forbury People, our subsidiary HR consultancy who often work alongside us providing an extra pair of hands or specialist skills on particular projects.
We have a wealth of experience to offer clients of all sizes who need to embark on a redundancy process of any scale. In addition to legal support, this includes stakeholder engagement, communications support, scenario planning and project management as required. We can provide template documents for all aspects of the redundancy and consultation process, coupled with the in-depth expertise to help you anticipate and address some of the more difficult challenges that redundancy processes throw up, from union negotiations and industrial disputes, to sensitive communications and employee engagement.
Our experts take care to understand the underlying assets and liabilities of the business and your key objectives. Transferring assets and liabilities can be tricky and expensive if not done correctly. Working closely with you and your other professional advisers, we quickly identify those assets and liabilities that will form part of the sale and seek to ensure that the legal documentation properly deals with the transfer of such assets and liabilities including obtaining any third party consents and dealing with any novation and assignments.
Changing terms and conditions
Sometimes restructuring a business invovles the need to get existing employees to adapt and/or accept changes to their terms and conditions of employment. However, change to T&C’s may involve having to comply with collective redundancy consultation processes and a careful analysis of the business case to avoid unfair dismissal and/or breach of contract claims. Over the years we have helped many clients with their changes to T&C's to successfully navigate these sensitive issues, ensuring a smooth transition and restructure their businesses for the future.