Whether you’re a bank or other lending institution, a private equity company, investment fund, creditor, retailer, healthcare supplier, charity, commercial organisation or a restructuring expert, our specialist business restructuring team advises on all issues and disputes around the restructuring of companies, schemes of arrangements, company voluntary arrangements as well as formal insolvency work, involving administrations, receiverships, liquidations and bankruptcies.
"Their strengths are the quality of work and technical knowledge."– Client testimonial via Chambers & Partners and Legal 500
When it comes to business restructuring, we begin our assignments by advising directors on their obligations and duties through to restructuring debts of companies in ways that are innovative, realistic and achievable.
Both in the UK and Europe, our talented team uses its understanding of commercial needs across the sectors to take a decisive, innovative, collaborative approach.
On 20 May 2020, the UK government published its draft Corporate Insolvency and Governance Bill (the "Bill") which aims to help companies maximise their chances of survival during the pandemic.
What to do if your business is faced with the threat of being wound up
On the 1st May 2020, the government published its Roadmap to Ease Restrictions and Reopen Ireland's Economy and Society. This sets out five different phases intended to apply between 18th May and 10th August 2020, subject to the virus remaining under control between each phase.
DWF, the global legal business, has appointed two new partners in the Insurance Sector with Karen Mann joining in the Fraud and Financial Crime group and Ian Welland joining the Professional Indemnity group.
DWF, the global legal business has recruited James Gee, Natasha Atkinson and Stewart Anderson as Partners in its finance and corporate teams in London.
In order to ensure business continuity, the Law Decree no. 23 of 8 April 2020 (also known as “Liquidity Decree”) introduced some measures aimed at foster lending, through the provision of State guarantees on financing to Italian businesses.
A draft act on granting public aid for the purpose of saving or restructuring entrepreneurs has been submitted to the Parliament. The act will make it possible to obtain support from public funds by entrepreneurs in a difficult economic situation and who are taking corrective measures. State aid in the form of financial support in the form of loans, capital entries and relief in the repayment of certain public receivables will be able to be granted for liquidity support for the period needed to prepare a recovery plan and to finance restructuring measures. Significantly, therefore, financial aid may also be granted to companies that are already in financial difficulty but have not yet started any restructuring procedures. The aid will be granted from the State budget upon written request by the minister responsible for the economy, who may, however, delegate its granting to the Industrial Development Agency.
The DWF Poland team is monitoring on an ongoing basis the changes in the law that are taking place in connection with the COVID-19 epidemic in Poland providing our clients with the most up-to-date solutions.
We advise on how to protect business in periods of downtime and slowdowns by offering optimal solutions in the areas of restructuring, labour law, commercial law, taxes and insurance.