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What We Do / Insolvency & Corporate Rescue

Insolvency & Corporate Rescue
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"Despite the limited size of the formal insolvency market in Northern Ireland, this "well-respected" full-service commercial outfit attracts a significant share of receiverships, administrations and insolvency-related transactions. The lawyers enjoy solid relationships with major insolvency practitioners (IPs) and proffer advice to directors, charge holders and creditors alike. According to leading sources, the practice is involved in "a good selection of the more prominent cases" in the region. The group's proficiency in cases with a cross-border element was highlighted by a recent standout transaction which saw the lawyers advising the administrators of the Northern Ireland subsidiary of medical equipment suppliers TriVirix on the insolvency of the business, as well as intra-group retention of title claims. The company's financial difficulties attracted significant regional media attention due to the involvement of public funds in propping up the business, the large sums owed to creditors and the threat of wide-ranging redundancies. Similar scrutiny has been paid to the collapse of the Emerging Business Trust, with the team's lawyers acting for liquidators in investigating the extent of funds available to reimburse creditors."

Source: Chambers 2010

Our Insolvency department has unmatched experience in acting for Liquidators and Receivers of Companies which have run into financial difficulties. Indeed we were chosen to act for the first Administrator appointed by the Court under the Insolvency Order (NI) 1989. Today we offer the full spectrum of services in the Insolvency and Corporate Rescue field, enjoying a level of trust unequalled in this area.

Specialist Expertise:

  • Pre and post appointment advice to insolvency office holders
  • Pre and post appointment advice
to Boards
  • Pre and post appointment advice to lenders
  • Pre and post appointment advice to creditors
  • Receiver and administrator led sales
  • Liquidations
  • Corporate rescues, “standstill” arrangements and equity/debt swaps.
  • For more information, contact:

    David Jamison
    Leeanne Whaley