Business Restructuring
In recent years the business community both here and abroad have increasingly accepted the advantages of assisting financially distressed businesses to avoid formal insolvency if appropriate alternative options are available and can be made to work. In recognition of this, The Khan Partnership team works with all stakeholders to rescue ailing companies or salvage the greatest benefit possible to those involved.
We regularly advise directors upon their duties in the light of the actual or potential insolvency of their companies, including dealing with the conflicts arising when those same individuals are also shareholders and creditors.
We advise lenders, investors and trade creditors upon their role in any formal or informal rescue process and the comparative outcome if they seek to enforce their own contractual or security rights. In order to give sound and commercial advice this will often involve us in understanding the dynamics of the business in question, for example the value or vulnerability of goodwill, the key supplier and customer relationships and the underlying reasons for the current problems.
When appropriate we will advise upon new finance arrangements, debt for equity deals and other shareholder restructuring.
If the solution includes a members' voluntary liquidation we will advise the insolvency practitioner appointed or the other parties affected as appropriate.
Related areas:
- Commercial
- Contentious Insolvency
- Cross-Border Insolvency
- Formal Insolvency
- International Insolvency
