Top 10 of 20 law firms for Turnaround, Corporate Law | Southwark, London
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In England, Turnaround covers helping distressed, or potentially distressed, companies rescue a viable business, protect jobs, and maximise value for creditors and shareholders. A solicitor in this area drafts and negotiates restructuring plans, negotiates with lenders andholders, and advises on options such as company voluntary arrangements, administration, or schemes of arrangement. They prepare heads of terms, monitor covenants, liaise with directors, insolvency practitioners, HM Revenue & Customs, and the court where needed, and oversee communications with employees and creditors.
