The Insolvency group combines the legal skills of specialist corporate, litigation and banking practitioners. Although the firm's extremely strong banking and finance practice makes it the natural choice for lender-led restructuring work, the team acts for various stakeholders in both formal insolvency and restructuring work. Partners Phillip Kite and Peter Tarn were heavily involved in both the policy and the detail behind the Insolvency Act of 2003. There is therefore a unique in-depth knowledge of the legislation which forms the backdrop to any insolvency. The team also includes Chris Young, whose offshore experiences includes working on various Enron restructurings and investment fund liquidations.
Onshore workout and formal insolvency experience gives the group real understanding of the imperatives of preserving stakeholder value whilst the number of lawyers with the relevant skills gives us the depth and breadth clients require. Insolvent liquidations and appointments of receivers are usually dealt with by the litigation group whilst pre-insolvency workouts, prepackaged receiverships and debt restructurings are dealt with by banking lawyers.
The firm was instructed on the first appointment of an administrative receiver under the 2003 legislation and has acted for the liquidators of Meridian Income Bond Limited, for the banks on the Asia Netcom restructuring and for a significant stakeholder in the Greater Beijing First Expressways Ltd liquidation.
If you would like further information on the Insolvency Services offered by Harney Westwood & Riegels, please contact Leonard Birmingham, Peter Tarn, Phillip Kite or your usual Harney Westwood & Riegels lawyer directly via the contact page.
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