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Our team has extensive experience in advising office holders, lenders and corporate and public bodies in a variety of service sectors in connection with a broad range of insolvency and asset recovery matters and provides a full range of technical and litigation support.
We have a demonstrated ability to deal with the insolvency of foreign entities which raise both complex high value cross-border insolvency and the full range of UK insolvency issues involving a number of competing interests and stakeholders. We work closely with insolvency practitioners where appropriate to ensure that insolvent estates are administered efficiently and effectively to the benefit of creditors. We advise clients on the drafting of and understanding the impact of insolvency provisions in contractual documents, as well as on all aspects of personal and corporate insolvency including assisting clients who have made overpayments in error or have been overpaid as creditors of an insolvent entity.
We also work with clients to recover debts. We ascertain at the outset relevant commercial and practical considerations and any wider issues which should be taken into account to ensure any recovery steps taken will deliver best value. Our debt recovery work includes large scale recoveries for clients such as the Financial Services Compensation Scheme as well as in relation to commercial contracts, invoice debt, tenant arrears and enforcing court judgments and securities.
Organisations enter into contractual arrangements with a wide range of third party providers of goods and services which increases exposure to the risk of being owed monies from a business which gets into financial difficulty and may become subject to an insolvency procedure. Such an eventuality is likely to significantly reduce the prospect of being paid any debt in full (or at all) and increases the risk of disruption to key services.
Bevan Brittan has a clear understanding of how corporate financial distress and insolvency affects our clients. For many years we have successfully advised clients across various sectors that have been touched by the distressed financial status or insolvency of commercial entities.
Our team acts for a large number of public bodies including local authorities, regulators, NHS trusts and ombudsman in resolving complex commercial, regulatory and public law disputes as well as for private sector clients in commercial disputes.
We have been involved in some of the most high profile insolvencies to have affected firms in the legal services market. Our practical advice on issues relating to client money and client files, for example, has ensured that firms have met their legal obligations. It has also meant that value has been retained.
We also know that maintaining supply is crucial for public bodies and health boards. Insolvency threatens this. And when it happens, we negotiate, on an individual or collective level, to ensure critical supply is kept up.
Our insolvency and asset recovery team has extensive experience in insolvency procedures (both individual and corporate and in respect of both UK and cross-border insolvencies) as well as asset tracing and debt recovery. We also work closely with colleagues in other fields to ensure you are provided with comprehensive advice and support.
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