Restructuring & Insolvency

Global

Even in a healthy economic environment, some companies will face challenges. Whether you need early or late-stage restructuring advice, Gowling WLG can work to resolve your issues quickly, pragmatically and cost-effectively - with as little damage to reputation as possible.

Insolvency cases often involve complex and constantly evolving legal issues, so you need an adviser who not only understands the law and how it affects your situation, but also delivers practical, commercial solutions. By getting to know you and understanding your situation quickly, we'll act as an extension of your team.

We specialise in complex, high-profile and confidential restructurings and advisory work. Our commercial perspective on legal issues is combined with first-class client service, speed of response and an ability to anticipate issues.

Using the talents and skills of our most senior and experienced team members, we tackle the most challenging issues faced by our clients. Our holistic approach combines expertise in areas such as real estate, labour law and tax to achieve optimal solutions.

Our services include:

  • Advising lenders and other stakeholders on distressed and recovery situations
  • Bankruptcy and liquidation
  • CCAA and BIA proposal
  • Corporate restructuring
  • Creditor, supplier and customer negotiations
  • Directors' liability and duties (including independent advice to the board of directors)
  • Distressed M&A transactions (including due diligence on the target)
  • Early-stage financial and operational restructurings enforcing guarantees and security
  • Forbearance and accommodation arrangements
  • Insolvency risks in structured transactions
  • Interim and permanent financing solutions
  • Lender liability issues
  • Regulatory compliance
  • Structuring and executing sales process

With legal professionals in Canada, UK, Europe, Asia and the Middle East, we've developed a broad practice with a high level of expertise in multi-jurisdictional, cross-border insolvencies and restructurings, and act for lenders and other creditors, debtors, court appointed officers, interim lenders (DIP financing) and purchasers (distressed M&A transactions).

Our experience spans the broadest cross-section of industries, notably: automotive, agriculture, aquaculture, aviation, bottling, care homes, construction, financial services, food and beverage, healthcare, hospitality, housing, media, mining and resources, pensions, plastics, professional services, recreational products, real estate, retail, shipping/logistics and telecom.

We also assist in dealing with intellectual property rights in restructuring situations, helping you to minimise the risks and ensuring that these rights are managed properly.

Gowling WLG can help you weather the pressures and complexities that apply to restructurings and insolvencies, protect your brand and bring about the best possible outcome. Please contact a member of our team to learn more.

France

Every business faces financial challenges, or has problems when companies in their customer or supply chain run into difficulties. To make the best of these situations, you need legal specialists to help navigate the various challenges.

Gowling WLG will work with you to analyse the unique financial situation in order to accurately identify the origin and nature of the issues, and assist you in determining applicable solutions that will enable the company to be restructured. This includes handling the procedural, corporate, employment and financial elements.

However complex, high-profile or sensitive the scenario, our restructuring experts are experienced in finding realistic and optimal solutions. Our lawyers have complementary expertise in advising and supporting companies, managers, shareholders or partners facing economic, legal or financial difficulties.

Areas we cover include:

  • Administration, liquidation, receivership and bankruptcy
  • Company voluntary arrangements
  • Corporate restructuring
  • Creditor, supplier and customer negotiations
  • Directors' liability and duties
  • Distressed sale and purchase transactions
  • Insolvency risks in structured transactions
  • Pensions restructuring and covenant advisory
  • Security reviews and pre-insolvency contingency planning

Restructuring and insolvency cases often involve complex and evolving legal issues. We understand the law and how it affects your situation. In working with us, you'll obtain rapid, pragmatic and cost-effective advice.

Learn more

We do restructuring work day in and day out. You can trust us to help you, no matter what the situation. We're ready to assist.

UK

We are with you - through it all

From time to time, businesses face financial challenges, or have to deal with risk because the companies they are dealing with run into difficulties or have collapsed. This can present both threats and opportunities. To make the best of these situations, you will need specialists to help navigate the various challenges. However complex, high-profile or sensitive the scenario, our restructuring experts are experienced in finding realistic and optimal solutions. Restructurings and insolvency cases often involve complex and evolving legal issues. Your adviser has to understand the law and how it affects your situation. We provide guidance quickly, pragmatically and cost-effectively. Our team consists of dedicated specialists in complex, high-profile and confidential restructurings, advisory and insolvency work. We do this work day in, day out.

The specialist teams work in the UK, Canada, Europe, Asia and the Middle East and have a broad practice which includes a high level of expertise in multi-jurisdictional, cross-border insolvencies and restructurings. The team act for boards of directors, all types of lenders, private equity and other funders, government and public bodies, sponsors, pension and other trustees, creditors, debtors, court appointed officers, interim lenders, insolvency practitioners, receivers and purchasers.

As specialists we are immersed in our industry and both the technical and policy aspects of restructuring and insolvency. Members of the team have spent time in government departments helping shape policy, provide regular technical updates, host the Gowling WLG Annual Restructuring & Insolvency Conference and are members of R3, the IFT and the TMA.

How we help

Holistic approach

Using the talents and skills of our most senior and experienced team members, we tackle a range of issues facing our clients. We will call on our experts in our real estate, employment, and tax teams who regularly work with us in distressed situations, to identify and help implement the best solutions for you.

Dedicated support

We will get to know you and understand your situation, your risk and your opportunity quickly. We will act as an extension of your team and we will work to your time pressures and the demands of your business. Our combined technical and commercial perspective on legal issues will provide you with first-class client service, speed of response and an ability to anticipate issues.

Adding value

Working as part of your team, we can help to devise strategies and innovative structures to protect against insolvency risk in relation to development contracts, mergers, outsourcing and other commercial contracts. We also deal with intellectual property rights in restructuring situations, ensuring that these rights are managed and protected.

Multi-jurisdictional, cross-sector knowledge

Practised in multi-jurisdictional, cross-border insovencies and restructurings, our experience spans the broadest cross-section of sectors. Notably: automotive, agriculture, aquaculture, aviation, care homes, construction, financial services, healthcare, retail and leisure, real estate, technology, natural resources and pensions.

"The team combines breadth of specialist expertise with first class client service and rapid response. The team felt like part of our team. Above all they are commercially astute and don't lose sight of the commercial aspects when providing legal advice, with a fair and flexible approach to fees."
Deloitte UK LLP.

Areas of expertise

  • Administration, liquidation, receivership and bankruptcy
  • Company voluntary arrangements
  • Corporate restructuring
  • Creditor, supplier and customer negotiations
  • Directors' liability and duties
  • Distressed sale and purchase transactions
  • Advice on security and enforcement
  • Pensions restructuring and covenant advisory
  • Insolvency risks in structured transactions
  • Security reviews and pre-insolvency contingency planning