Turnaround and Reconstruction
Being involved in a distressed business is invariably stressful for all involved. Time is often at a premium and for directors and shareholders, the issues can sometimes seem overwhelming. Lenders and creditors may be supportive or may be hostile. It is always necessary to understand and balance competing interests.
The possible solutions for distressed businesses can be as varied as the problems that arise. There will never be a “one size fits all” solution. We have helped many businesses through difficult times and have been able to provide key legal advice to directors in finding their way through what may seem to them to be an impossible situation.
We also work closely with banks and other financial institutions in turnaround and restructuring. As a result, we have experience on all sides of the turnaround process and our knowledge and experience can make a crucial difference in the process. We understand what creditors expect of distressed businesses and we understand the pressures on directors and shareholders.
We have strong links with turnaround specialists and insolvency practitioners and with the finance providers. We can bring all of this to bear in creating the solutions that are necessary to provide the optimum outcome for our clients.