Every business can face financial difficulties: it may be due to changing economic conditions, unforeseen events, misjudgements or mismanagement.
Simcocks has a dedicated team of lawyers providing advice on business restructuring and insolvency Isle of Man. We represent individuals and businesses, both locally and with a cross-jurisdictional dimension to their business dealings.
We advise on every aspect of the restructuring of companies and the recovery of assets in the context of contentious and non-contentious insolvency issues. Our work includes reorganisation and reconstruction, distressed finance, refinancing, receivership, voluntary arrangements and liquidation.
Simcocks offers its clients realistic and innovative solutions and so when necessary, our lawyers will call upon additional experts in fields such as banking, capital markets, corporate finance, mergers and acquisitions, litigation, employment and property to work on restructuring and insolvency matters.
We also act for trustees in bankruptcy, bankrupts’ creditors and those with other interests in individual insolvencies. Much of this type of work also involves cross-border and multi-jurisdictional issues.
Our advocates have experience dealing with a number of substantial schemes of arrangement, debt restructuring and corporate rescues.
The team regularly work with under-performing businesses and their directors, insolvency practitioners, accountants, trustees and company directors advising them as to their duties, options and responsibilities.
We understand the need for a fast and responsive service without losing sight of the commercial realities of what can be a difficult and complex situation. We offer pragmatic and timely advice which takes into account the individuality of each case.
At Simcocks you will receive sensible advice and risk analysis, high-quality project management and a refreshing sense of calm under pressure.
Areas Of Advice
- Asset and debt recovery
- Partnership issues, including restructuring and disputes
- Restructuring and schemes of arrangement
- Employment matters relating to company insolvency
- Directors’ duties
- Winding up orders
- Cross-jurisdictional issues
- Security reviews