Mercantile Barristers advise distressed companies of all sizes, providing timely, efficient and affordable professional services that support the objective of rescuing a business and returning it to profitability. If a company is in danger of entering insolvency there may be a number of options available where business recovery is concerned. Depending on the business in question these may include:
Working with companies, directors, administrators and creditors, Mercantile Barristers deliver skilful legal support and effective negotiation with respect to the legal elements of business recovery. Our expertise and strategic guidance have helped clients to pursue options for rescue, even in the most challenge circumstances, to meet statutory requirements and to ensure that opportunities for recovery are not missed.
Our approach to legal practice is always to articulate creative and value-adding solutions for clients whilst delivering timely, efficient, and affordable professional services. All clients conduct their affairs within a legal context, and Mercantile Barristers’ role is to advise on the conduct of their transactions and affairs in ways that avoid conflict and disputes.
Whether by adjudication, arbitration, or litigation, Mercantile Barristers members will adopt a firm, swift and decisive approach to achieve the best possible results for clients within the shortest time. We recognise that no two cases are the same, so we will adapt our style to suit the occasion.
Yes, but a stringent financial plan is needed to ensure that a business can recover from insolvency.
Once a company becomes insolvent, it must carry out a corporate recovery.
Business recovery is a short-term period; of less than 60 days. This is a restoration period to get a business back to its minimum acceptability of working operations or production.
Restructuring is typically the first step in agreeing on the way to move forward with creditors to manage debt and payments without the need for a business to become insolvent.