Restructuring and Business Advisory

First-class legal advice on complex restructuring and insolvency matters from our leading restructuring and business advisory team.

Our Restructuring and Business Advisory team has exceptional experience in all aspects of restructuring and insolvency, including:

  • strategic planning for distressed businesses
  • turnaround assignments and workouts
  • debt management and restructuring
  • advisory work for lenders on distressed connections
  • advising businesses in relation to customer or supplier failure and risk mitigation 
  • administrations, liquidations and all forms of formal insolvency appointments
  • complex contentious insolvency

Our lawyers are known for their pragmatic, commercial approach and speed of response. We provide first class strategic advice to enable clients to make good business decisions in fast-moving and challenging circumstances.

Who we are

We have one of the largest and most established corporate restructuring and recovery teams in Scotland. Gillian Carty and Fiona McKerrell are both top-ranked lawyers in Chambers and Partners, placing the team in an unrivalled position within the market.

Our core team is supported by specialist fee-earners across all practice areas and includes sector experts with experience of corporate assignments across a range of industries, including oil & gas, energy, retail, education, healthcare and hospitality. As such, we are able to quickly understand our clients’ position and provide practical and commercial solutions.

Our services

Our team has a wealth of experience in advising directors and other stakeholders in relation to corporate advisory matters, including turnaround assignments, debt restructuring, and insolvency processes. We are adept at advising clients as they navigate periods of stress or distress and we work with our clients to identify the right strategy for their business.

We are the preferred provider for a number of our bank and insolvency practitioner clients, including many national lenders and accountancy firms in the UK. They choose to instruct us in relation to difficult, sensitive, high quality and high value matters.

We also have in-depth experience of complex restructuring and trading administrations across a range of industries including regulated oil and gas servicing, ship building, haulage, real estate development, education, hotel and leisure, and IT.

Interpath (who acquired the KPMG restructuring practice)

Acted for the administrators of Spark Energy – a former supplier of gas and electricity to around 290,000 customers – in all aspects of the administration, including the supplier of last resort process and a subsequent sale.

Teneo (who acquired the Deloitte restructuring practice)

Acted in the administration of Ferguson Marine Engineering Ltd – Scotland’s last operating shipyard – including the sale of the shipyard, its assets and transfer of contracts to a corporate vehicle controlled by Scottish Ministers.

FRP Advisory LLP

Acted for the administrators in the pre-pack disposal of W W & J McClure Ltd (in administration), a long established firm of solicitors, specialising in private client legal services.


Acted as Scottish counsel to Chrysaor in connection with a restructuring of Premier Oil's existing debt involving the first restructuring plan approved by the Scottish courts.

Other matters

Advised a Scottish not-for-profit organisation in relation to a company voluntary arrangement (CVA) with its creditors, which was designed to address financial challenges caused by a defined benefit pension scheme.