Some of the largest financial institutions in the UK such as Barclays, Lloyds and Aviva turn to our team for R&I advice

Restructuring & Insolvency

BLP’s restructuring and insolvency specialists advise on a wide range of financial, corporate and real estate restructuring and insolvency matters and regularly act on multi-jurisdictional, highly complex and challenging cases.

Our dedicated team is recognised as market leading in complex real estate restructurings and insolvencies. The team also advise on restructurings in a variety of sectors, including leisure, insurance, financial services, energy, retail, shipping, healthcare and automotive.

We have worked with a wide range of clients; from advising distressed companies, their boards of directors and sponsors, to advising lenders, investors, servicers, secondary debt investors, hedge funds and private equity houses, as well as financial advisers, turnaround specialists, insolvency practitioners and other officeholders.

  • Advising stakeholders, including banks, mezzanine funds, equity sponsors and corporates in relation to negotiation of capital structures
  • Business rescues, turnarounds and work-outs
  • Security assessment and financial restructuring
  • Formal insolvency procedures
  • Strategic advice relating to the acquisition or disposal of debt
  • Non-core asset disposal programmes
  • Reorganisations, demergers and group reconstructions
  • Directors’ duties and responsibilities

Explore our specialisms

Latest examples of work

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      Kids Company

      We act for the Public Interest Unit (PIU) as liquidators of the high profile charity, Kids Company. We are advising the PIU on all aspects of the insolvency including corporate governance issues and the status of grants made by the UK Government to the charity.

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      Leading receivables finance lenders in the sports industry

      We act for a number of leading receivables finance lenders in the sports industry and have acted opposite a number of leading clubs in the Premier League, La Liga and other top European leagues in discounting future receivables such as broadcast rights, sponsorship contract payments and player transfer payments. During 2015, we have acted on transactions with an aggregate value in excess of £130m.

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      Fordgate portfolio

      We advised Mount Street, as special servicer and security trustee, and the subsequently appointed receivers, of the c.£450m Fordgate Commercial CMBS loan in respect of the enforcement of security over, and subsequent £296m disposal to Kennedy Wilson, of the property portfolio.

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      Digital Satellite

      We acted for PricewaterhouseCoopers as liquidators in the leading case on unauthorised insurers and the interaction between FSMA and UK/European insolvency legislation (Digital Satellite v FSA [Supreme Court] 2013).

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      Tindall Group

      Advised the Tindall group, as the landlord of a portfolio of ten hotels leased to and operated by Hilton, on the restructuring of its financial indebtedness and hedging exposure and a corporate reorganisation. The restructuring was delivered through a series of consensual enforcement procedures and involved the refinancing of over £400m of existing indebtedness, together with the restructuring of significant hedging positions with a current exposure of £220m. This was complicated by action taken during the course of the negotiations which resulted in an expedited hearing before the Court of Appeal and judgment in our client’s favour (Tindall Cobham 1 Limited & Others v Adda Hotels & Others [2014] EWCA Civ 1215).

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      Market leading case on balance sheet insolvency

      Acted for the issuer vehicle in a £650m Lehman originated RMBS structure. The decision in our client’s favour in the UK Supreme Court has become the market-leading case on balance sheet insolvency, and its application to structured finance, and has had significant repercussions across the securitisation world.

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