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Banking, Restructuring and Insolvency

Banking

As an integral part of Fox Williams' practice, we have lawyers who provide expert advice on all aspects of banking law and practice. 

The practice mainly focuses on advice to borrowers on the financing and security documents.

Fox Williams also has extensive experience of advising on the funding of corporate acquisitions and project financing. We have advised banks and other finance houses as well as companies who are seeking facilities from them. We also advise on aspects of trade finance. The team also regularly advises on the mitigation of financial risk.

Representative transactions:

  • providing advice on a syndicated facility made available by the European Bank of Reconstruction and Development;
  • advising Asian Bank of Development in respect of $50 million term facilities to three Armenian banks;
  • advising on ISDA arrangements for two London Stock Exchange listed clients;
  • negotiating a $70 million property acquisition facility from Credit Suisse;
  • advising many US parent corporations on the cross guarantees and other security to be provided by their UK subsidiaries;

The work on this assignment will be led by partner Paul Taylor, who leads our banking team and has nearly 30 years of experience. Paul is rated by legal directories as "pragmatic".

Restructuring and Insolvency

Our specialist team of lawyers have years of experience in advising on restructuring and insolvency issues across a wide range of practice and sector groups.

Relying on our in depth knowledge, as well as technical expertise, we aim to provide a practical and responsive response to our clients' issues. Where necessary, expertise can be drawn from other specialist teams such as tax, employment, property etc.

Our experience

Across a range of practice groups, Fox Williams LLP has lawyers who have extensive experience in advising on a range of restructuring and insolvency issues including:

  • purchasers interested in buying assets from companies who are in financial difficulties or already subject to formal insolvency procedures. This includes advising on businesses subject to a "pre-pack" administration process;
  • creditors looking to repossess goods or recover monies;
  • employees on the consequences of the insolvency of their employer;
  •  landlords and tenants as to the impact on the lease when the other party goes into insolvency;
  • boards of companies who may be concerned about their personal exposure in continuing to trade;
  • directors, shareholders and other third parties who may be considering, or who have already advanced, loans to troubled companies (whether on a secured or unsecured basis);
  • insolvency practitioners who have been appointed as administrators, receivers, liquidators etc; and
  • group of companies looking to restructure and/or reschedule their debts;

We have advised

  • a US corporate looking to close down its UK operations;
  • shareholders of a company on using UK insolvency procedures to resolve a shareholder dispute;
  • licensed insolvency practitioners on the sale of a London based food retail business;
  • a borrower on dealing with its bank which was alleging a technical breach of banking covenants.

Corporate partner Paul Taylor, leads our specialist team in this area and has been advising on matters of insolvency law since 1989.

Paul is rated by legal directories as "pragmatic" and "a natural driver/communicator". Clients have also praised Paul for his "clear, no-nonsense advice" and "ability to quickly identify the key commercial issues".


Recent news, articles and deals:

Ten practical lessons on shareholder disputesmore
Disposal of legal interest in property by trustee not a “disposition” for the purposes of insolvency avoidance provisionsmore
Court will not permit rehearing of matters decided on the merits in bankruptcy casesmore
Likelihood of achieving purpose of administration trumps bad motive for the appointmentmore
Partner David Butler provides a roundup of legal developments in UK insolvency and corporate rescuemore
Shareholder disputes continued: non-consensual ways of “breaking the deadlock”more
Top ten tips for buyers of assets from insolvent companiesmore
Top Ten Tips on taking security for director/shareholder loansmore
Top Ten Tips on striking off your companymore
“But I haven’t been formally appointed!”- Disqualification of de facto and shadow directorsmore
Administration – when is rent recoverable?more
Avoiding the ‘curse of the zombie company’ more
‘Phoenix’ firms often seen as a stitch-upmore
Langreen Limited: a timely reminder to Directors of companies facing financial difficultiesmore
Top 10 Tips for Directors of a Struggling Companymore
Dealing with a company in distress more
Top Ten Tips in respect of Shareholders\\\' agreementsmore
Potential personal exposure of directors if their company fails financiallymore


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Contact

tel: +44 (0) 20 7628 2000
10 Finsbury Square, London, EC2A 1AF
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Who should I contact?

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Paul Taylor
Partner
Direct dial: +44 (0)20 7614 2512
ptaylor@foxwilliams.com

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David Butler
Partner
Direct dial: +44 (0) 20 7614 2670
dbutler@foxwilliams.com


Accreditations

  • Top Ranked Chambers UK 2014 - Leading Firm
  • Ranked in Chambers Europe 2013 - Leading Individual
  • Ranked in Chambers Global 2014 - Leading Firm
  • Legal 500 - Leading Firm
  • The Lawyer UK 200 - Listed Firm
  • The Law Society Excellence Awards 2012 - Shortlisted
  • Investors in People - Bronze