Rescue and Restructuring Brochure
Financial Times UK
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Wedlake Bell
The slowing economy will affect all businesses in one way or another. Your customers or your suppliers may be experiencing difficulties, and this may require urgent action. Complacency is not an option. Insolvencies and redundancies are increasing, and finance is becoming harder to obtain or extend. There are, however, constructive solutions that can be pursued in order to protect your business from the knock on effects of a downturn, minimise liability and costs, and even to turn the situation to your advantage.
Whether you are a creditor or other stakeholder looking to recover value from a distressed business, the management of a company experiencing difficulties, or you are simply being proactive to ensure there is minimal risk to your business, the requirements of your legal advisors will be the same – immediate, cost-effective and solutions-focused advice delivered effectively with the minimum of fuss.
OUR GOAL? To fulfil your requirements in the most efficient, commercial and cost effective manner.
OUR APPROACH? Pragmatic and innovative; we work with our clients not just as legal advisers but as trusted business advisers.
CVAs rise but quarter day fails to worry
The number of retailers using company voluntary arrangements to renegotiate their debts with landlords increased by more than 25% last year.
A "Uniq" deal on pensions!
12 May 2011 - Uniq, the sandwich making company has reached agreement with the Pensions Regulator ("TPR") and the Pension Protection Fund ("PPF") on the future of its distressed pension scheme.
The 'balance sheet' test of corporate insolvency
5 April 2011 - In the recent case of BNY Corporate v Eurosail , the Court of Appeal for the first time considered how the 'balance sheet' test of corporate insolvency in section 123(2) Insolvency Act 1986 (IA 1986) should be applied.
Balance Sheet Test
BNY Corporate Trustee Services Ltd v Eurosail-UK 2007-3BL PLC and others [2011] EWCA Civ 227
Corporate Directors
5 April 2011 - Revenue and Customs Commissioners v Holland [2010] UK SC 51



