Corporate Restructuring and Insolvency
The Corporate Restructuring and Insolvency Unit is a
cross-departmental Unit with expertise in Litigation
and Dispute Resolution, Business
Law, Commercial Property and Banking
and Financial Services.
The Unit's members provide advice on all aspects of corporate restructuring,
insolvency and corporate recovery matters creating a team specific
to each client's needs thereby ensuring that appropriate resources
are available to design and implement commercial and effective solutions
for each particular client and set of circumstances.
The Unit provides support and advice to insolvency and corporate
restructuring practitioners, creditors, shareholders and directors
on all corporate recovery and insolvency issues.
The Unit's members are continually involved in many of the country's
high profile insolvencies including having recently acted on behalf
of Citibank N.A., Mitsubishi UFJ Securities International Plc and
Principal Life Assurance during the examinership of ISTC. Our Unit's
expertise was also called upon by Nomura International Plc (Nomura)
in respect of Structured Credit Company (SCC) on whose behalf we
secured the appointment of a Provisional Liquidator. Subsequently
we assisted Nomura during SCC's examinership. SCC and ISTC are arguably
the most significant corporate insolvencies in Irish history. Our
Unit's members were at the heart of both.
The Unit has been involved in a number of major restructurings
(to include reorganizations of a number of major Irish corporates),
take privates and business exits. We also continue to assist clients
on asset sales of non-core business to restore value within groups
of companies. Our clients are drawn from all industrial sectors
including energy, manufacturing, property, telecommunications and
technology. More recently we have seen an increase in the level
of reorganisation in construction companies in distressed circumstances.
Over the years, we have established excellent relationships with
other professional services firms in Dublin and our clients have
"great confidence" in the Unit as noted in the 2008 edition of the
Legal 500 directory.
© 2003-2008 LK Shields Solicitors.
All rights reserved.
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