Corporate Insolvency
Buckles’ Insolvency and Corporate Recovery Group advise businesses on all aspects of business recovery, corporate restructuring and insolvency. We specialise in providing advice on company rescues, management buy-outs, schemes of arrangement, administrations (including pre-pack administrations), company voluntary arrangements, compulsory liquidation and creditors’ voluntary liquidation.
The Group draws on lawyers based in our corporate, employment, property and dispute resolution teams to ensure that clients are provided with comprehensive advice on all aspects of their business.
Buckles understands that directors of companies in financial difficulties face a number of issues and should seek expert advice at the earliest opportunity. As well as having obligations to act in the best interest of the company, they must also act in the best interests of creditors. A director who acts in breach of his duties may expose himself to personal liability or commit a criminal offence.
Buckles are experienced in advising directors in this complex area before, during and after a company has entered formal insolvency proceedings.
We can advise on:
- Wrongful and fraudulent trading
- Breaches of fiduciary duties to the company (misfeasance)
- Allegations of fraud and misconduct
- Reviewable transactions, including
- Preference transactions
- Transactions at an undervalue
- Transactions defrauding creditors
- Liabilities under personal guarantees
- Directors’ disqualification proceedings
- The role and liability of non-executive and shadow directors
- Retention of Title and creditor claims
