Burges Salmon

Corporate Turnaround and Insolvency Experience

Disposition of commercial property portfolio

Advising the funders and administrators (Grant Thornton) of Westport Land Limited in achieving the disposition of a £115 million commercial property portfolio with JPUT structures. Led by partner David Hall.

Administration issues

Advising Virgin Mobile on set-off, retention of title and other issues arising in the Woolworths administration and on multiple issues arising in the Zavvi administration. Led by partner David Hall.

Receivership of commercial property

Advising Nationwide Building Society and LPA Receivers (Baker Tilly) in connection with the receivership of certain high value commercial office blocks in Bristol and Cardiff owned by the collapsed property group Dawnay Day.

Administration of Food Production Company

Advising the administrators of a food production company on the sale of its business and assets and subsequent payment of dividends to unsecured creditors.

Administration of Aggregates Raw Materials concern

Advising Grant Thornton on the administration of an aggregates raw materials concern, including advice on the environmental remediation works required

Turnaround in Transport Sector

Advising a corporate client on the acquisition and turnaround of a number of businesses, including the acquisition of a business from administrators in the transport sector based in Germany

LPA ReceivershipLPA Receivership

Advising a major UK lender in the LPA receivership, and in the investigation and commencement of proceedings in respect of a multiple property fraud claim

A major US-based lender

Advising in the enforcement of its security structure over a property investment portfolio involving a JPUT structure, involving facilities of £90m.

Restructuring in Education Sector

Advising in relation to the proposed restructuring of a group of companies involved in the education sector.

ROT creditors

Advising ROT creditors in achieving a substantial settlement in relation to a multi-million pound claim brought against the administrators of a large hotel chain.

Administration in Insurance Sector

Advising the administrators of a company supplying to the insurance sector in a multi-million pound breach of warranty claim against previous owners of one of its subsidiary companies.

Bradman-Lake

Advising the management of the Bradman-Lake Group, an international group based in the food packaging sector, in the restructuring negotiations and subsequent administration of the group (PWC as administrators).

A major UK lender

Advising a major UK lender in the investigation and commencing proceedings in respect of a £40m multiple property international fraud claim including an LPA receivership of multiple properties.

A major European bank

Advising a major European bank on a complex US$1.2b multi-jurisdictional bond restructuring and de-concentration programme.

A Farming Partnership

Advising on security and negotiations with a farming partnership in financial difficulties

OFGEM

Advising OFGEM on a number of industry related insolvency issues.

Major Corporate Client - Insolvency

Advising the directors of a major corporate client (and its associated companies) in relation to applications under section 236 of the Insolvency Act 1986 and transactions at an undervalue/misfeasance proceedings brought by an administrator.

Pension Scheme Trustees

Advising pension scheme trustees and employers in relation to schemes in deficit and on restructurings in this context as well as on security and guarantee arrangements for the purpose of PPF levy reduction.

KPMG

Advising KPMG, the LPA receivers and administrators of two property companies.

Major ROT Creditor

Successfully advising a major ROT creditor in a conversion claim against the administrators of a hotel group.

A major equity stakeholder