Top 10 of 842 law firms for Turnaround, Corporate Law
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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.
What a solicitor handles in these matters
The solicitor handles the technicalities of restructuring, including drafting plans, negotiating with creditors, coordinating with business advisers, and navigating administration or CVAs, while applying corporate law and insolvency rules to protect the ongoing viability of the business and stakeholders.
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