Business Restructuring

Our Business Restructuring team has a committed and hard-working approach, central to which is a “can do” attitude that means we will always strive to achieve the commercial outcome you desire whilst managing technical elements which can often be challenging.

Proactive and resourceful, we offer what our clients need in what are often trying times. The team advises insolvency and turnaround practitioners, banks and other lenders, boards of directors and debtors across the entire corporate landscape on all aspects of business restructuring and formal insolvency.  Increasingly, we work alongside other law firms either on a co-counselling basis or where a larger assignment requires the outsourcing of elements of work, often as a result of conflicts of interests.

Our regular portfolio of assignments includes: a range of restructurings and other distressed scenarios involving highly leveraged private equity-backed buy-out and special purpose property vehicles, entailing debt for equity swaps, intercreditor arrangements, hedging product claims, cross-border and tax mitigation issues; accelerated M&A processes; pre-pack and other administrations; high value property receiverships; complicated liquidations; and contentious insolvency matters, including those with cross-border elements.  We are adept at working on transactions requiring solutions to tricky strategic and technical issues.

With a typical restructuring affecting a business in the widest sense, our core team of restructuring lawyers works closely with specialists across Marriott Harrison’s complementary practice areas to provide a fully integrated service, as well as alongside our clients’ in-house team and other advisers and stakeholders.

Members of the team are involved in various industry organisations including R3, INSOL, the Turnaround Management Association, the Insolvency Lawyers’ Association and the International Women’s Insolvency and Restructuring Confederation.

Recent Experience

  • Advising the board of a technology group on an accelerated M&A process and then advising the administrators on the pre-pack sale of the business and assets.
  • Advising the board of a higher education institution on an accelerated M&A process and then liaising with the administrators and other stakeholders, including within the regulators, on the administration.
  • Advising overseas insolvency officeholders on their application for recognition in the UK in order to challenge antecedent transactions here (with the application culminating in a reported case).
  • Advising a new bank client on the structured approach to be adopted with regard to the potential enforcement of five sets of loans made to companies operating in the green energy space.
  • Advising a private equity backed data centre operator on the proposed pre-pack sale of its data centre business and surrounding valuable land.
  • Advising a specialist equipment business on its pre-pack sale and advising the management team on their position with the distressed private equity purchaser.
  • Advising the administrators of a 12-company group operating caravan park sites throughout England.
  • Advising the receivers of a super prime residential property in Belgravia and the receivers of a student accommodation block on highly structured sale arrangements.
  • Advising a major concessioner of Debenhams on the effect of Debenhams’ administration on its various sites.
  • Advising a large car parts business on its restructuring, including a buy-out by the management from its institutional owners and with new debt facilities advanced.
"In my experience Brett Israel turns around work very quickly and is an excellent leader of his team. There is never a wasted moment in his cases."
Legal 500
"Brett consistently provides sensible, commercial, practical advice and a first class service underpinned by his extensive knowledge and experience in the commercial and restructuring arena."
Partner, Opus Restructuring LLP
"Marriott Harrison’s restructuring team have provided me with sound, pragmatic and commercial advice. They’re great to work with and always accessible."
Partner, BDO