Insights

London – October 4, 2023: Crowell & Moring U.K. LLP has been recommended in four practice areas in the Legal 500 United Kingdom 2024. In addition, partner Andrew Knight has been named as a leading individual for asset based lending. The firm’s full rankings can be viewed here.

London—October 13, 2021: Legal 500 has again listed Crowell & Moring as one of the top UK law firms in The Legal 500 UK 2021 for its asset-based lending work.

London – June 1, 2020: Crowell & Moring’s London Restructuring team, led by partners Paul Muscutt and Cathryn Williams, and included associate Beth Bradley, saw the conclusion of a remote trial, carried out via Skype, in which the team was universally successful in the application to put six companies within the Shepherd Cox Hotels Group into administration. Crowell & Moring clients Simon Bonney and Carl Jackson of Quantuma LLP, have been appointed administrators. This success follows the team’s recent victory relating to the Carlauren Group in November 2019 - a similar investment scheme relating to luxury care homes.

In these unprecedented times, all businesses will be facing issues they have never encountered before. The disruption caused by the measures imposed to combat the COVID-19 outbreak are significant and wide-reaching, impacting every business and its suppliers, customers, workforce, investors and lenders. Companies find themselves operating in the shadow of potential bankruptcies along the supply chain, in their customer base and their trading partners globally and are facing a myriad of issues related to business disruption, salvaging relationships and restructuring liabilities and business structures to facilitate ongoing trading. To ensure an ability to recommence trading when the current lockdown is over, clients may need to take a number of steps to keep their business alive. Some of the key questions arising are set out below:

On March 20, 2020, the Chancellor of the Exchequer, Rishi Sunak, unveiled the U.K.  government's further £350bn package of fiscal measures to mitigate the severe economic downturn caused by the COVID-19 outbreak. One of the most significant measures is the launch of the Coronavirus Business Interruption Loan Scheme (the Scheme) which went live on March 23.

In these unprecedented times, the U.K. government is seeking to preserve U.K. businesses and has already introduced significant measures to achieve that aim, including: