Restructuring and insolvency
Getting the right level of professional advice and support which is both timely and decisive is key for any ownership team when faced with difficult situations – the future of your business depends on it.
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’”
Read, listen and watch our latest insights
- 09 April 2019
- Corporate and M&A
Importance of good corporate governance
Director’s duties are paramount to good corporate governance, as outlined by the go-to definition produced by the Cadbury Committee in 1992: “Corporate governance is the system by which companies are directed and controlled. Boards of directors are responsible for the governance of their companies. The responsibilities of the board include setting the company’s strategic aims, providing the leadership to put them into effect, supervising the management of the business and reporting to shareholders on their stewardship.”
- 12 March 2019
- Commercial Real Estate
Company Voluntary Arrangements
A Company Voluntary Arrangement is a procedure that allows a company: to settle debts by paying only a proportion of the amount that it owes to creditors
- 01 February 2019
Liquidation and adjudication
Adjudication is a relatively quick and cheap way of determining a construction claim. It is temporarily binding, meaning that with limited exceptions, it will be enforced by the courts unless and until it is overturned in subsequent litigation.
- 12 June 2018
- Corporate and M&A
The rise of Company Voluntary Arrangements (CVAs)
House of Fraser is the latest high-profile CVA in the retail sector but it’s not just the retail sector which has been inundated: the latest government statistics show that there has been an 85.5% increase in the use of CVAs.
- 05 April 2018
Termination: the pitfalls
There are many risks in termination of a contract, particularly in construction contracts – get it wrong and you risk being in breach of contract yourself. The two main pitfalls are:
- 17 January 2018
- Restructuring and insolvency
Your client is insolvent – six practical steps
As contractor, subcontractor or consultant, the nightmare scenario of your client/main contractor entering insolvency might be unavoidable and in a post Covid-19 world the risk is likely to be even higher. This might happen despite thorough pre-contract checks and risk protection measures.
“I worked with Stuart on a matter relating to a mutual client which was suffering financial distress. His 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
“Clarkslegal maintains ‘an exceptional balance of expertise and personality‘ in advising large national and international business clients on major projects such as restructurings and TUPE transfers, large redundancy programmes and industrial relations/employee engagement projects.”