Corporate restructuring & insolvency

CMS

CMS provides 'good, honest and trustworthy advice' to a balanced mix of IPs, banks, corporates and funds across a range of situations throughout the distressed curve, from formal insolvencies and multi-stakeholder restructurings through to special situations mandates. Team head Martin Brown's own practice exemplifies this versatility, and he is consequently able to bring superb insight into deals, having been active on both creditor/investor and debtor mandates. As well as his more transactional special situations aligned work, Glen Flannery is also an extremely accomplished lawyer in relation to UK-based formal insolvencies, including acting for the Official Receiver on matters of national interest. Of counsel Kelly Rothwell is additionally recommended.

Legal 500 Editorial commentary

Testimonials

Collated independently by Legal 500 research team.

'They provide good, honest and trustworthy advice.'
'Peter Wiltshire and Glen Flannery are incredibly hardworking and always available to help.'

Key clients

National Westminster Bank plc
Lloyds Banking Group plc
HSBC Bank UK plc
AIB Group (UK) plc
Deutsche Bank
LCM Partners
Financial Conduct Authority
Alvarez & Marsal Europe
PriceWaterhouseCoopers
Ernst & Young
Octopus Energy Group
Hoover Limited
SO Energy Limited

Work highlights

Advised Davidson Kempner European Partners on its bid for and purchase of a portfolio of loans with face value of $1.2bn from Abu Dhabi Commercial Bank, a bank based in the United Arab Emirates.
Advised the well-known wellington boot retailer and brand business Hunter on its sale to the owner of Reebok and Ted Baker, Authentic Brands Group.
Advised TAQA on a c. $90m action under s423 of the Insolvency Act 1986 (transactions defrauding creditors) against Fujairah Oil and Gas UK LLC and others.