Restructuring
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Protecting you, your stakeholders and your business in times of financial difficulty.
How our restructuring lawyers can help you
Many companies experience threats to business success or continuity during their lifecycles.
Now more than ever businesses are in a challenging period. Most businesses will not have encountered the issues created by the impact of the Covid 10 pandemic.
Challenges can have many causes: some may be temporary in nature whilst others may be persistent. Cash flow issues linked to inadequate working capital, overtrading, pension issues and bad debts are frequently encountered.
We have extensive experience in providing support to management in these difficult times and can advise you on all the restructuring options available. Early stage intervention can provide the best opportunity for a beneficial outcome for all parties, as we can then help you identify problems and promote constructive dialogue with stakeholders.
Restructuring can be achieved by various processes:
- rescheduling/refinancing debt
- debt and equity restructuring, including debt for equity swaps
- reorganisation
- debt moratoria or standstill agreements
- covenant waivers
- improved security packages for lenders
- disposal of failing business units
- dealing with pension deficits
- renegotiation of contracts and leases
We provide practical, commercial advice as to your options.
All assignments will have a nominated lead partner who will be your dedicated point of contact.
We will work to your agenda, timescales and budgets to achieve the best outcome.
We will work hard to become your trusted adviser during this process and use our industry knowledge and reputation to facilitate a direct and open dialogue between all stakeholders.
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Our experience
We have recently engaged in several cross-border restructuring assignments in the marine sector which including dealing with a syndicate of Italian banks, restructuring a group of BVI companies and a Korean rehabilitation.
We have extensive experience in dealing with distressed property positions and have acted for corporates, investors, sureties and lenders on numerous assignments which have assisted the team to develop a number of radical strategies for the behalf of lenders and borrowers.
We work closely with private equity houses and asset based lenders and are familiar with their concerns and how a board can mitigate these concerns.
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