Chambers and Partners: Restructuring/Insolvency
A “strong, commercially-oriented” practice commands respect from insolvency practitioners and financial institutions for its “excellent all-round understanding of the subject matter.” It deals with administrations, liquidations, Law of Property Act receiverships, IVAs and CVAs, and is commended by sources for its proficiency in bringing in experts from elsewhere in the firm when handling turnarounds and the sale of insolvent businesses and assets. This year the group acted for a trustee in bankruptcy following investigations into the sale of a bankrupt’s property, and assisted a separate trustee in using a court order to force the full payment of debt and costs by a bankrupt. Lawyers were also instructed to advise a manufacturing business on the administration of a supplier. An “excellent local reputation” has also helped solidify links with regional insolvency practitioners.
The Lawyers: Colin Gibson combines “commercial acumen” with a “trustworthy and authoritative approach” to problem solving. His roster of clients includes creditors, debtors, banks and insolvency practitioners, all of whom he advises on the full spread of corporate and personal insolvency concerns. |
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