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Insolvency and Restructuring

Contract management and support

Do you have issues around customer or supplier payment?  Our team are experienced in supporting all types of business in enforcing contracts, advising on the enforceability of retention of title clauses and assisting in negotiations to vary existing agreements in a way which is legally enforceable.

If you are unsure if you retain the intellectual property rights post contract in the event of an insolvency or concerned that there could be a challenge in respect of intellectual property rights by a third-party insolvency practitioner, our team can help.

“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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  • 16 March 2023
  • Employment

Enhanced redundancy packages explained

The first payment to include in a redundancy package is the statutory redundancy payment. This must be paid to all eligible employees and the amount is set by legislation. Other mandatory payments on termination would also include accrued but untaken annual leave and unpaid wages. Some employers, where the contract allows, may make a payment in lieu of notice.

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  • 10 February 2023
  • Restructuring and insolvency

Restructuring and Insolvency – what to expect in 2023

The flurry of economic forecasts over the last few months may reach slightly different conclusions but none give much scope for encouragement. 

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  • 19 December 2022
  • Commercial Real Estate

Commercial Rent Deposits – A brief overview

A rent deposit is money provided by a tenant to its landlord as security for payment of the rent and performance of the tenant’s covenants contained in the lease. A rent deposit deed will specify the circumstances in which the landlord can draw on this money and the conditions that must be satisfied for the deposit to be repaid to the tenant.

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  • 18 March 2022
  • Employment

Legal implications of P&O Ferries shock firing

The decision to cut 800 jobs has sparked outrage with staff staging sit-ins on the company’s boats and there have been calls from unions for strike across the country – but what are the legal implications of the decision of P&O Ferries?

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  • 22 February 2022
  • IP and Commercial

Director’s duties: A practical example

The ‘General Director’s Duties’ are still seen by many as the pillars of correct corporate governance. Codified in the Companies Act 2006, these duties apply to executive, non-executive, shadow directors and de-facto directo

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  • 21 January 2022
  • Commercial Real Estate

What happens to a sublease when the headlease is surrendered, forfeited or disclaimed?

The intermediate tenant under the headlease falls away and the tenant under the sublease becomes the direct tenant of the superior landlord.

“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