Corporate Restructuring and Recovery

The Corporate Restructuring and Recovery team of lawyers has exceptional experience in the sector including:

  • Turnaround assignments and workouts
  • Administrations, liquidations and all forms of formal insolvency appointments
  • Strategic advisory work for banks on distressed connections
  • Strategic planning for distressed businesses
  • Business rationalisation
  • Debt management and restructuring
  • Complex contentious insolvency
  • Loan portfolio acquisition and disposal

We have one of the largest and most established corporate, restructuring and recovery teams in Scotland. All partners within the core team are ranked within their field by the legal directories and the team is led by Scotland’s Star Individual, Yvonne Brady (Chambers 2013, 2014, 2015 & 2016), placing the team in an unrivalled position within the market.

Outwith our core team, we are supported by a team of experts who have extensive experience in all aspects of restructuring and insolvency. With over 45 fee earners with UK wide corporate, banking, insolvency and contentious experience ready to assist where required, we are able to quickly understand our clients’ position and provide commercial advice in the short timeframes required.

We act for a range of banks, insolvency practitioners and businesses on all issues arising in the restructuring and insolvency sector. We are the preferred provider for a number of our bank and insolvency practitioner clients, which include major banks and accountancy firms (including Clydesdale Bank, KPMG, EY, PwC and Deloitte) cover most of the large players in Scotland (and the UK). They choose to instruct us in relation to difficult, sensitive, high quality and high value matters

We have particular in-depth experience of: large scale portfolio acquisition; disposal and contentious insolvency (e.g. around directors duties; claims against insolvency practitioners and professional indemnity claims arising in insolvency); funding contentious claims in insolvency (see our Funded Disputes page for more information on this subject); and  complex restructuring and trading administrations in a number of sectors including regulated oil and gas servicing, haulage, real estate development and hotel and leisure.

Our strong, focused and dedicated team of solicitors include experts qualified in both Scotland and in England and Wales. This means we can act as the sole legal provider on behalf of clients operating across the UK. When it comes to international matters, we regularly call on the services offered by our World Services Group partner firms and other long-term associated firms.

Our lawyers are known for their pragmatic, commercial approach, speed of response and first class strategic advice in complex projects.

Click here to read our latest Scottish Corporate Restructuring and Insolvency Update.

"The sophistication in legal service as well as responsiveness has marked them out as number one. They are great value for money and I would look to them for complex matters as they have that level of sophiscated advice."
– Chambers, Restructuring and Insolvency


Key People


Oaktree Opportunities Fund X, L.P.
Acting on behalf of Oaktree (via its advisory arm Sabal Financial Europe Limited) on the Scottish aspects of its purchase of a portfolio of commercial loans sold by NAMA.
Acting for the joint administrators (both of BDO LLP) in all matters relating to the administration of four connected Scottish companies operating four care homes in central Scotland, namely Greenlees Care Limited, Balpride Limited Heatherpost Limited and Haining Nursing Home Limited.
FRP Advisory LLP
We acted on behalf of three companies limited by guarantee (Claverhouse Group, Claverhouse Training and Claverhouse Services) for the urgent appointment of provisional liquidators to each of the companies, which operated as providers of training and support to unemployed people in the Tayside area.
Johnston Carmichael
Acting for the joint administrators (both of Johnston Carmichael) in all matters relating to the administration of Perth Hotels Limited, a company which operated the New County Hotel in Perth.
Morgan Stanley and other funders
Project Neptune - Funding of sale by UK “bad bank” UK Asset Realisations to US Cerberus fund of most of remaining Northern Rock loan book. We were required to structure the Scottish aspects of the deal. We were the architects of a strategy involving a variety of financing streams allowing flexible refinancing options. The deal is thought to be the largest financial asset sale to date by a European government.