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Insolvency and Restructuring

Insolvency professionals

Our business recovery team are experienced in providing, clear, practical and detailed support to insolvency practitioners.

Our business recovery team have experience working with accounting and insolvency professionals to assist with the documentation and legalities necessary to complete transactions and support claims including de-mergers, hive ups and share for share exchanges.

Whether the matter is a solvent liquidation or an insolvent re-organisation or disposal, we have the experience to assist with documentation and legalities necessary to complete the transaction.

“Significant experience in handling large-scale restructuring and redundancy programmes. Clarkslegal is ‘technically excellent but commercial’”

Legal 500

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Read, listen and watch our latest insights

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  • 09 April 2019
  • Corporate and M&A

Importance of good corporate governance

Director’s duties are paramount to good corporate governance, as outlined by the go-to definition produced by the Cadbury Committee in 1992: “Corporate governance is the system by which companies are directed and controlled. Boards of directors are responsible for the governance of their companies. The responsibilities of the board include setting the company’s strategic aims, providing the leadership to put them into effect, supervising the management of the business and reporting to shareholders on their stewardship.”

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  • 12 March 2019
  • Commercial Real Estate

Company Voluntary Arrangements

A Company Voluntary Arrangement is a procedure that allows a company: to settle debts by paying only a proportion of the amount that it owes to creditors

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  • 01 February 2019
  • Construction

Liquidation and adjudication

Adjudication is a relatively quick and cheap way of determining a construction claim. It is temporarily binding, meaning that with limited exceptions, it will be enforced by the courts unless and until it is overturned in subsequent litigation.

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  • 12 June 2018
  • Corporate and M&A

The rise of Company Voluntary Arrangements (CVAs)

House of Fraser is the latest high-profile CVA in the retail sector but it’s not just the retail sector which has been inundated: the latest government statistics show that there has been an 85.5% increase in the use of CVAs.

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  • 05 April 2018
  • Construction

Termination: the pitfalls

There are many risks in termination of a contract, particularly in construction contracts – get it wrong and you risk being in breach of contract yourself. The two main pitfalls are:

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  • 17 January 2018
  • Restructuring and insolvency

Your client is insolvent – six practical steps

As contractor, subcontractor or consultant, the nightmare scenario of your client/main contractor entering insolvency might be unavoidable and in a post Covid-19 world the risk is likely to be even higher. This might happen despite thorough pre-contract checks and risk protection measures.

“I worked with Stuart on a matter relating to a mutual client which was suffering financial distressHis calm and pragmatic approach aligned well with my own firm’s values, and he provided huge assistance in guiding the directors through a turbulent time.”

James Hopkirk, Restructuring Director – Kreston Reeves LLP