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Workouts & Insolvency
We provide advice to corporations in financial difficulty, their bankers and insolvency practitioners. As economic conditions have changed there has been a notable growth in the number and complexity of restructurings, work-outs and 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 Enterprise Act alters radically the way financially distressed companies can seek protection from creditors through administration and related procedures. In Europe, EU Regulation 1346/2000 has fundamentally changed the way insolvency procedures in EU member states are given reciprocal recognition.
As a result of acting in several large cross-border reschedulings and insolvencies, we have the experience and expertise to advise quickly and effectively on this rapidly changing area.
Our expertise includes:
- Advising on the cross-border aspects of international insolvency, for example, the effects in the UK of US Chapter 11 proceedings and the relationship between the insolvency regimes of EC jurisdictions
- Workouts in relation to businesses 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
- Fortgage enforcement, involving assets located in multiple jurisdictions
- Bringing and defending bondholder actions
- Syndicated loan disputes
- International fraud and asset tracing
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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