Top 10 of 842 law firms for Restructuring Plans, Corporate Law

Law firms ranked by client reviews

Restructuring plans are a UK-wide rescue tool used to stabilise a distressed company by implementing a binding plan that alters rights of creditors, employees and other stakeholders. Under the Companies Act 2006, a court-backed restructuring plan can be prepared to seal compromises and cross-class arrangements, potentially overriding objectionable creditor classes with a majority vote. A solicitor drafts the plan, negotiates terms, coordinates with creditors, prepares the court petition, and navigates the process through the High Court for sanction and implementation. The aim is to provide a viable route to rescue a business while preserving value for stakeholders.

What a solicitor handles in these matters

The solicitor handles the proposed plan, the class clocking, cross-class cramdown mechanics, the court summons and evidence, and the overall scheme documentation, including disruption to existing contracts, employee protections, and creditor rights necessary for plan implementation.

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5.0 307 Reviews

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Tayntons

4.8 494 Reviews

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Mikhail Sokolov

Tagged solicitor Mikhail Sokolov

Mikhail helped me with the share sale of my business. He was very helpful in finalizing negations and arranging all the paperwork for efficient sale. I would highly recommend his expertise and proactive approach in sorting everything to customer satisfaction.

Review left by Darja Bardo

4.7 571 Reviews

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We have found a review that matches your query

Thank you for your guidance, and ongoing support throughout the restructuring exercise – we could not have done it without you.

Review left by Anonymous

4.8 299 Reviews

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