We regularly act on distressed disposals, complex receiverships and pre-packaged administrations.
With increasing scrutiny of the insolvency practitioner's role, it is vital that they carry out their roles within the framework of the insolvency legislation and the regulations provided by governing bodies in the sector. We can guide them through the regulatory structure.
We also undertake litigation on behalf of office holders (where necessary) to recover assets for the benefit of creditors.
We apply our wealth of experience, whether negotiating favourable terms on a transaction or implementing a novel transaction structure. We are fully aware of the possible risks and challenges faced by office holders in carrying out their functions, and can provide accurate, technical advice so that they do not fall foul of them. We know what issues are likely to be of concern to them and will provide proactive advice to ensure these issues do not prevent them from carrying out your duties effectively.
With all that in mind, we provide practical and commercial advice in connection with a host of issues that are likely to be faced in any given insolvency, in areas such as employment law (including TUPE issues), environmental, regulatory, licensing and health and safety, particularly if they are running a trading insolvency.
Recent experience includes:
- Acting for PwC on their administration of Wilko Limited (including the sale of parts of the business and various assets to The Range, Pepco and B&M)
- Acting for Interpath on their administrations of Joules Group PLC and Joules Limited (including the sale of the business and assets of those companies to Next PLC)
- Acting for PwC on their administration of Cath Kidston (including the sale of its business and assets to Next PLC).
