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. Gillian Carty and Fiona McKerrell are both top-ranked lawyers in Chambers and Partners and the team is led by Scotland’s Star Individual, Yvonne Brady (Chambers 2013, 2014, 2015 & 2016, 2017, 2018, 2019), 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, ship building, haulage, real estate development, education, hotel and leisure and IT.
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.
"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