Restructuring

Restructuring can be required for different reasons such as, funding being put in by an investor, refinancing so that assets need to be moved around a group, for tax reasons that require a scheme of arrangement, or reorganisation such as a demerger.

Clients are often trying to get distinct parts of the business in different homes in order to plan for succession, or even sell off a part of the business.

On many occasions, clients work closely with their accountants, as clearance is often required in respect of schemes of arrangement or demerger and it is important to get the detail right.

Moving divisions of businesses or assets can have important consequences in terms of both tax treatment and the effect on employees working within an organisation.

Clients also have to be mindful of corporate governance requirements when effecting a group reorganisation or restructure.

Restructuring requires legal experts

We are one of only a handful of firms that have the capability of undertaking this type of work in the South East.  We work closely with financial advisers to ensure our clients have a seamless service and achieve their objectives.

In light of our experience we are often asked to advise on the following:

• banking documentation comprising term loan facilities, revolving loans, trade finance, confidential invoice discounting, hedging arrangements, amongst others, together with security documentation such as debentures, legal charges, share pledges, composite guarantees;
• structuring a reorganisation in terms of hiving up or down assets including properties, changing share ownership and dealing with the relevant corporate governance requirements;
• certain schemes of reorganisation have involved working closely with liquidators when there have been members voluntary liquidations, such as in Section 110 reorganisations;
• taking loans or private equity which involves restructuring classes of shares, amending articles of association and drafting/reviewing subscription and shareholders’ agreements and dealing with all ancillary documents.

Why choose Furley Page if you are restructuring your business

Our team has the skills and experience to undertake these niche areas of work and despite the complexity of arrangements, we work hard to explain things in a straightforward and coherent way.

Contact Susan Jennings to find out how we can help you.