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Action list for business recovery and restructures

In response to difficult market conditions and continued pressure from institutional investors and/or commercial bankers, a corporate restructuring seeks to maximise shareholder value through the re-arrangement of the equity ownership and debt obligations of parent companies and their subsidiaries.

Our insolvency solicitors focus on allowing a company to release cash, revert to core competencies and improve profits.  If a company is sliding towards insolvency, its directors and advisers will benefit from a clear understanding of the options available for companies in financial distress so that appropriate action can be taken while there is still time to make a difference.

Expertise in dealing with turnarounds:

Identifying

  • When should a restructuring be considered
  • When it becomes unavoidable
  • Preliminary considerations

Equity Restructuring 

  • Clarifying the objectives
  • Carve-outs or partial spin offs
  • Spin-offs, split-offs & split ups
  • Tracking stock
  • Valuing a subsidiary

Avoidance of potential taxes

Demerger Mechanics

  • Tax planning and tax reliefs
  • Direct dividend and triangular structures
  • Direct / indirect reduction of capital
  • Statutory demergers
  • Schemes of reconstruction
  • Liquidation schemes
  • Schemes of arrangement
  • Pre-sale hive-downs

Managing a turnaround

  • Is a turnaround possible?
  • Qualities required in a turnaround manager
  • Assessment of the management team
  • Directors' insolvency responsibilities
  • Immediate action & crisis mentality
  • Cash flow focus & crisis stabilisation
  • Formulating a workable restructuring plan
  • Handling the creditors
  • Negotiating the options
  • Completion

Please call now for a free initial assessment. You can call outside office hours or at weekends: 0207 438 1060.

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