Financial distress is a crisis; and such a situation calls for early strategic advice in order to maximise options for successful turnaround and mitigate risks for the business and its management team personally. Often the situation presents the opportunity for restructuring to bring the business back into liquidity and to right-size it for future growth. However, restructuring options and actions take time so it’s essential that advice is taken as soon as management information or external events first threaten cash flow. The alternative is almost certainly a formal insolvency. Whatever the position, the company and its directors need swift and incisive advice as to the options available to them and how and to whom they should exercise their duties.

Our expert Insolvency and Restructuring lawyers act for a wide range of clients, and draw on the wider expertise of corporate lawyers, sector experts and litigators within the firm. We provide excellent technical and strategic advice in addition to finding creative restructuring and insolvency solutions.

We are experienced in handling restructuring, refinancing, turnaround assignments both in the UK and involving other jurisdictions as well as in all types of formal insolvency and insolvency related matters. We work closely with our clients and other professionals to achieve their identified objectives and protection. Details of the type of work we do and our clients are set out below.

What we work on
  • Advisory – advice to boards (director advice and assistance), stakeholders or creditors (secured preferential and unsecured) concerned about financial stress or distress
  • Restructuring – options advice and execution, rescue and reorganisation and contingency planning
  • Finance and security (including refinancing, the taking and enforcement of security and priority issues)
  • Pre-pack and other insolvency sales and purchases (of assets and/or businesses) and bespoke agreements with creditors (standstill agreements and restructuring agreements), landlords (to vary leases, enter into licences or assign leases) and in relation to intellectual property and data.
  • Formal insolvency process (personal and corporate), restructuring plans and moratoriums and schemes of arrangement as well as ‘time to pay’ agreements with HMRC, agreements and variations to agreements with secured lenders and investors, employee engagement and redundancies and company voluntary arrangements, individual voluntary arrangements, negotiation with creditors and preservation and enforcement of contractual and legal rights and remedies before or after formal insolvency (including reservation of title and liens).
  • Advice on the bringing and defending of statutory demands and petitions and set aside of demands or staying advertisements of winding up petitions, validation orders and restoration to Register of Companies or rectification applications. Creditor claims and proofs of debt, admission and rejection of proofs and voting and dividend issues and advice.
  • Disputing debt and damages claims, commercial litigation and shareholder disputes.
  • Bringing or defending claims brought by office-holders for preferences, transactions at undervalue, unlawful dividends, breach of duty/misfeasance, transactions defrauding creditors, mis-use of prohibited names claims, director loan account claims and the like.
  • Defending Directors Disqualification Act claims and applications for leave to continue to be involved in the formation, promotion and/or management of a company.
  • Bringing or defending fraud and asset-tracing claims both in the jurisdiction and in other jurisdictions for the recovery of assets or money (including crypto-assets).
Who we work with
  • Insolvency Practitioners
  • Banks and alternative funders;
  • Corporates (including LLPs, partnerships and overseas entities)
  • Individuals and professionals
  • Trusts including offshore entities (and Employee Ownership Schemes)
  • High net worth and other non-institutional investors
  • Directors
  • Shareholders
  • Creditors (secured, preferential, unsecured)
  • Private equity and venture capital investors (including distressed funders)
  • Asset tracing professionals and forensic accountants
  • Charities and education providers

Meet our team

Simeon Spencer
Senior Partner – Co-Founder
Andrew Ailwood
Partner - Media, Corporate and Commercial, TMT
Rukhsana Alam
Consultant - Commercial & Employment Law | Head of Law Reach - the Spencer West Referral Network
Asad Aslam
Associate - Commercial & Corporate, Family, Intellectual Property, Dispute Resolution, Technology
Sonya Bassett
Partner - Corporate & Commercial
Sarah Batterton
Consultant Solicitor - Planning
Jeremy Berg
Partner - Dispute Resolution
Tim Berg
Partner - Dispute Resolution and Insolvency
Gurvir Birang
Senior Consultant - Commercial & Insolvency Dispute Resolution
Andrew Bird
Partner – Corporate
Suzanne Brooker
Partner - Restructuring & Insolvency, Construction
Dr Artur Bunk
Partner
Paolo Caldato
Partner – Commercial Dispute Resolution
Jan Cant
Partner – Corporate Law, M&A, Contracting, IT & Telecoms, PPP, GDPR, International Institutions, Construction and Real Estate
Hilesh Chavda
Partner - Private Client
Ishtiaq Nawaz- Chechi
Partner – Real Estate, Lending, Commercial
Henry Clarke
Partner – Construction, Commercial and Corporate
Jowanna Conboye
Partner - Intellectual Property; Technology; Commercial
Poh-Leng Devare
Partner – Commercial, Intellectual Property, Data Protection
Dhana Doobay
Partner – Telecoms, Media & Technology
Richard Eccles
Partner - Competition Law
Stuart Evans
Partner - Commercial Dispute Resolution
Robert Foote
Partner - Corporate/Commercial Disputes, Restructuring and Insolvency
Karl Foster
Partner - Commercial
Andrew Gilbert
Partner – Dispute Resolution/Corporate and Commercial
Chantelle Gough
Partner - Corporate, Technology and Healthtech
Stephen Harris
Partner - Real Estate/Commercial Property
Brian Hearne
Partner – Real estate
Cameron Hill
Partner – Director, Spencer West Bermuda
Frances-Yvonne Igweh
Partner – Head of Africa Practice, Construction, Engineering & Projects
Louise Johal
Partner - Dispute Resolution, Insolvency
Amrit Johal
Partner - Commercial Dispute Resolution, Family Law & Sports Law
Ahmed A Kashwani
Lawyer – UAE
Hassan Kashwani
Lawyer – UAE
Jack Khurana
Partner – Commercial Dispute Resolution and Employment Law
James Klein
Partner - Venture Capital, Technology and International M&A
Natalie Knight-Wickens
Partner - Corporate & Commercial
Mustafa Mehmood
Partner - Real Estate and Sports Law
Ted Mercer
Partner - Communication Industries and Dispute Resolution
Paul Nathan
Partner - Dispute Resolution, Company Commercial and Insolvency
Blake O’Donnell
Partner - Cryptoassets and Real Estate
Prakash Patel
Partner – Commercial Dispute Resolution
Edmund Probert
Partner – Commercial Law, IT Contracts & Intellectual Property
Somaiyya Saad
Registered Foreign Lawyer
Matthew Scott-Tucker
Partner – Commercial Real Estate
Justin Selig
Partner - Real Estate
Philip Solomons
Partner – Corporate and Commercial
Andrew Sparrow
Senior Counsel – Corporate and Commercial, IT, IP, Artificial Intelligence, Data Protection and Commercial Aerospace
Alishba Taj
Registered Foreign Lawyer - Real Estate, Sports Law and Commercial
Simon Ward
Partner – Corporate & Commercial | Technology
Euri Yoon
Partner – Tax