Out of court administration (with qualifying floating chargeholder)

Insolvency Litigation

We were instructed to advise potential administrators over four group companies which had run into financial difficulties as a result of the Coronavirus pandemic.

This was an out-of-court director appointment and the directors required the whole group to be put into an insolvency process to obtain the moratorium protection as soon as possible. The matter was particularly complicated given each company had a qualifying floating chargeholder who had to be given prior notice, a number of employees raising issues of  furloughing/redundancy/adoption of contracts, various property leases and with assets located across the county to be urgently gathered in.

This required a co-ordinated approach with our Employment, Real Estate and Corporate and Commercial team to advise the administrators but we successfully filed Notice of Intention to appoint to initially obtain concurrent interim moratorium protection before, later, filing Notices of Appointment to formally place the companies into administration and appoint our clients.

We have also, in conjunction with Employment, Real Estate and Corporate and Commercial teams, been advising on any post appointment matters that have arisen including a successful sale of the business by the administrators.

Insolvency Litigation Case Studies

Insolvency Litigation Case Studies

Challenge to divorce

Sham trusts

Trust or loan?

Challenge to former administrators’ fees

Director’s disqualification

Challenge to statutory demand

Freezing assets

Liquidators’ failure to adjudicate

Section 236 interviews and document requests

Out of court administration (no qualifying floating chargeholder)

Out of court administration (with qualifying floating chargeholder)

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