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Bankruptcy, Restructuring, and Insolvency

Overview

For businesses facing financial distress, bankruptcy, restructuring, and turnaround advice should not be a strategy of last resort. Early advice when a company encounters financial difficulties gives the best chance of saving the business as a going concern, delivering optimal outcomes for the business and its lenders, creditors, employees, and other stakeholders. The aim for a bankruptcy, restructuring & insolvency (BRI) lawyer is to utilise the toolkit provided by BRI legislation and procedures to find the best solution to preserve value, assets, and jobs and ensure the continuity of the financial enterprise.

Our BRI lawyers at Crowell & Moring U.K. LLP represent an array of clients in all aspects of contentious and non-contentious insolvency, restructuring, fraud, and asset-recovery. We have significant experience in both domestic and cross-border insolvency and restructurings. We work closely with boards of directors of companies and their financial stakeholders to implement appropriate strategies to turn a distressed business around, utilising formal insolvency procedures and out of court restructuring tools to best advantage. Our work includes obtaining moratoria, drafting and implementing restructuring plans and schemes of arrangement, conducting insolvent business sales and purchases (including pre-packs), insolvency litigation, administrations, liquidations, company voluntary arrangements, LPA receiverships, and recovery and misfeasance actions against directors and officers of a company.

Our clients include banks, asset-based lenders, and other financial institutions, private equity investors, hedge funds, companies, boards of directors, distressed investors, and insolvency practitioners. Our lawyers have acted in some of the most high-profile matters arising in the domestic insolvency and restructuring market, including in the retail, leisure, manufacturing, technology, construction, food and beverage, and film and television production sectors. Our team has unrivalled experience in acting in relation to the insolvency and turnaround of businesses funded by asset-based lending.

In addition to our client work, our lawyers are active in legal and industry organizations, with partners having served on the Council of R3, as co-chair of the R3 Education, Conferences and Courses Group, and on the Policy Group of R3. One of our partners is also a member of the Legal and Technical Committee for the Asset Based Finance Association (now a part of UK Finance).

Our London team and several of our individual practitioners have been recommended by The Legal 500 UK in the area of asset-based lending.

Insights

Firm News | 3 min read | 04.01.24

Crowell Earns Top Rankings in Legal 500 EMEA 2024

Brussels and Doha – April 1, 2024: The Legal 500 Europe, Middle East & Africa (EMEA) 2024 edition has recognized 16 practice areas and 11 lawyers in Crowell & Moring’s Brussels and Doha offices. The 11 individual lawyers received 18 total rankings across the 16 different practice areas....

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Insights

Firm News | 3 min read | 04.01.24

Crowell Earns Top Rankings in Legal 500 EMEA 2024

Brussels and Doha – April 1, 2024: The Legal 500 Europe, Middle East & Africa (EMEA) 2024 edition has recognized 16 practice areas and 11 lawyers in Crowell & Moring’s Brussels and Doha offices. The 11 individual lawyers received 18 total rankings across the 16 different practice areas....