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Business Insolvency and Restructuring

Directors duties

When a company is facing financial difficulty, its directors must also consider the interests of the company’s creditors. Failure to do so can lead to the directors incurring personal liability for wrongful trading or misfeasance.

Our business recovery team are experienced in providing, clear, practical and detailed support to insolvency practitioners, business owners, including board members and shareholders at difficult and challenging times. We recognise the urgency and have a proven record in delivering timely and tailor made support to insolvency practitioners, plus owners and management teams alike. We care about you and your business and we are here to 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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  • 13 February 2025
  • Commercial Real Estate

What are restrictive covenants and how do they relate to the planning system?

Restrictive covenants on use can be one of the more problematic aspects of a property transaction. Even if the restrictive covenants do not affect one’s development plans for the land, they may be an issue for subsequent buyers or future lenders.

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  • 31 December 2024
  • Commercial Real Estate

Real Estate update and 2025 expectations

Last year brought about major political changes in the UK. Amongst many pledges by the UK’s new government, the following are certain to have a significant impact on commercial real estate for the years to come

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  • 09 December 2024
  • 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.

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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.

“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