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Workouts & Insolvency
In London, New York, Paris and Singapore we provide advice to corporations in financial difficulty, to their bankers and to insolvency practitioners. As economic conditions have changed there has been a notable growth recently in the number and complexity of reconstructions, workouts and contentious insolvency proceedings.
There have also been very significant changes in both domestic and international legislation governing this area. In the United Kingdom, for example, the new Enterprise Act is set to alter radically the way financially distressed companies can seek protection from creditors through Administration and related procedures. In Europe, the new EU Regulation 1345/2000 has fundamentally changed the way insolvency procedures in EU member states are given reciprocal recognition.
We have the experience and expertise to advise quickly and effectively on this rapidly changing area as a result of acting in several large cross border insolvencies.
This includes the following areas:
- advising on the cross border aspects of international insolvency, for example, the effects of US Chapter 11 proceedings in the UK and the relationship between the insolvency regimes of EC jurisdictions
- workouts in relation to business with foreign and domestic assets which may involve the disposal of parts of a business or the granting of further security
- formal procedures, such as administrations, receiverships, bankruptcies and liquidations and the effects of the new Enterprise Act.
Raja Bose, Singapore
Steven Burkill, Bangkok
Celia Gardiner, London
Thomas Hollenhorst, Hamburg
Nigel Moss, Paris
Andrew Savage, London
James A Watters, London
Alfred Yudes, New York
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