We act in relation to receiverships, liquidations and voluntary administration as well as giving advice on security enforcement options, security reviews, priority disputes, personal liability, distressed sales and creditors’ compromises.
We have significant experience in working with business entities and insolvency practitioners through various corporate recovery and restructuring options. We understand the nuances and key concerns and risks that the parties to such transactions face.
We also regularly act on the contentious aspects of insolvency assignments. This includes bringing and defending voidable transaction and director’s liability claims, and a variety of actions to recover funds for the benefit of creditors. We are often involved in advising secured parties of their rights and available remedies under the Personal Property Securities Act. Members of our team often appear in court and in mediations in order to resolve such claims.
Our team is regularly engaged by secured lenders not only to identify recovery and enforcement options, but also to recommend a strategy that suits the particular circumstances. We recognise that formal enforcement steps are often the least preferred recovery strategy and lateral thinking is required to optimise outcomes for financially stressed companies.
Our team also has a track record of successfully negotiating formal and informal creditor compromises.
Our expert team delivers a high level of technical expertise but at the same time we recognise that insolvency situations requires prompt and practical legal advice.