Druces LLP has a tradition of successful involvement for our clients in business turnaround, rescue, and restructuring. We provide practical legal advice through the spectrum of turnaround to formal insolvency. Our lawyers provide a full service to companies in financial difficulties as well as to banks and other lenders, trade creditors and suppliers. We also act for office-holders in formal insolvency procedures such as administration, company voluntary arrangements, receiverships, and liquidations. Our expertise in this field has been recognised in the Legal 500 rankings for 2021.
We often put together cross-disciplinary teams of experts in corporate law, corporate finance, commercial property, tax, dispute resolution, employment and pensions who are able to work swiftly in implementing our clients’ commercial requirements and strategies. Our experience is not limited to domestic UK groups – we have expertise in cross-border transactions and assignments involving Europe, the USA and other parts of the globe.
The Corporate Restructuring Team is on standby to assist you with your requirements during this time. Working in conjunction with your management team, tax advisers, accountants and, if required, Insolvency Practitioners, we will navigate you through the complex legal landscape, to put together and implement a restructuring plan that works for your business.
We will work to ensure that your business is in the best shape to grow and adapt to the changed environment. We also offer expert legal advice and assistance to businesses and boards of directors on insolvency concerns that are faced. Understanding the need for quick and clear advice in these situations, our service is designed to help reduce the stress and worry for our clients. Please contact us for an initial, no obligation consultation.
We have regularly featured as a contributor to The In-House Lawyer, a magazine for in-house counsel in the UK and EMEA, on a range of restructuring and insolvency topics. Our article archive can be found here.
The Legal 500, 2021 recognises the Druces team as ‘knowledgeable and responsive‘ providing ‘accurate and cost efficient‘ advice across the full range of restructuring and insolvency work, including complex restructurings, directors’ duties/corporate governance advice and insolvency litigation.
We have been advising an alternative energy company in financial difficulties. We are advising the company in “the twilight zone”. The shareholders are taking an active interest and the company is in CVA. We are working closely with the administrators as the Supervisor of the CVA.
We advised the director of a large tour operator on proposed claims by the administrators for wrongful trading, breaches of statutory and fiduciary duties and preference payments. The claim involves complicated issues in relation to the use of foreign exchange facilities in the travel sector.
We acted for a high profile specialist sports car manufacturer, pre-administration and then subsequently acting for the administrators.
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