"Memery Crystal is exceptionally competent and hard working, with nothing ever being 'too much'. What really makes this team stand out is its strategic commercial approach to many legal situations and the open, friendly, family manner in which it interacts with clients."Legal 500, 2020
Restructuring & Insolvency: Don’t distress
In today’s changing global economy, the risk of business insolvency and the requirement for restructuring has become an ever-present concern. But often there are solutions to be found. Our restructuring and insolvency team works with insolvency practitioners, creditors, debtors, investors, companies facing financial crisis and financial institutions, providing advice and support in turnaround, restructuring, bankruptcy and winding up proceedings, and other general insolvency issues and disputes.
At Memery Crystal, we handle turnaround, restructuring and insolvency issues across a range of areas, including corporate collapses, commercial property, tax, and insolvency-related litigation. We advise numerous insolvency practitioners on IVA and CVA matters as alternatives to compulsory liquidation, including disputes with creditors and other interested parties arising out of such agreements.
Our turnaround experts develop strategies to help managements in distress promote stability across their finances and to take measures to retain and enhance value in their business. Our multi-sector experience enables us to identify the key drivers for change and turnaround.
For clients going through levels of distress we work with them to improve their position in terms of liquidity, cash flow, finance and restructuring.
Our restructuring and insolvency team has also acted in cases involving breach of fiduciary duty and applications for the appointment of provisional liquidators, worldwide freezing orders, receivership orders, search orders, passport orders and various disclosure orders.
If you or your business might be in need of restructuring, or is facing insolvency, we have the knowledge and the expertise to help guide you through these difficult times.
- Successfully petitioned in the English Companies Court for the winding up of a foreign-based company, having rebutted the presumption that an entity’s Centre of Main Interests is located in the jurisdiction of its registered office.
- Advised the Supervisor of an IVA in connection with a creditor’s challenge to the Agreement under section 262 of the Insolvency Act 1986.
- Successfully acted for a Trustee in Bankruptcy in an application under the Charging Orders Act 1979 to discharge a Final Charging Order obtained by a debtor on fraudulent grounds immediately prior to his bankruptcy.
- Acted for a Liquidator in the recovery of sums due from a Director under an Agreement arising out of a Director’s Loan Account.
- Successfully obtained a bankruptcy order on behalf of the Supervisor of an IVA following the individual’s breach of the Agreement.