The current unprecedented situation has led to the hopefully temporary closure of many businesses, some of whom will have been struggling already as a consequence of the harsh trading environment over the last few years. This is inevitably causing numerous issues for those businesses, their employees and creditors alike. No-one can underestimate the long term impact that this pandemic will have to the economy as a whole over the years to come.
At Hardwicke, our restructuring and insolvency team regularly helps directors, creditors and insolvency practitioners deal with the onset and aftermath of insolvency events and we also have a wide range of experience in advising and steering businesses through the difficult times, whether that be through obtaining moratoriums, validation orders, advising on CVAs or using any of the other restructuring tools available to ensure that viable businesses are able to trade through these uncharted waters. You can find details of our experience here.
We are currently in close contact with all of the courts around the country to ensure that we are able to obtain hearings and deal swiftly with any applications that need to be issued by any of the stakeholders in this difficult climate (see the Court information tab).
Some practical and legal information regarding issues specifically linked to Covid-19 is set out in the links below. As the rapidly developing situation changes, we will be updating this resource but, if you have queries or would like to discuss particular issues, then please contact Richard Sumarno or Adam Blades who will be happy to help you.
Our expertise in related areas such as Commercial Dispute Resolution, Construction, Insurance, Mediation & ADR and Property can be seen on our practice pages and these areas also have Covid-19 related content which you can review by clicking on the relevant tab on left hand side of this page.
- Hardwicke Insolvency Advice Line
Hardwicke appreciates that many of you are likely to see an increase in insolvency and restructuring related issues arising out of the current market conditions. Our experienced Insolvency Team can offer you urgent specialist advice on matters in an insolvency and restructuring context arising out of the current COVID-19 pandemic.
As part of our offering, we are running a free initial advice line for our key clients to help you with insolvency related queries which have arisen as a result of the current pandemic. The free advice line gives you urgent access to one of our many insolvency specialists who will be able to have a brief initial telephone discussion with you, at no charge, to help you ascertain your client’s legal position and the potential options that might be available.
This scheme is currently limited to Friday 3rd July 2020.
If you would like to discuss either the scheme, or any other insolvency related matter further, please contact either Richard Sumarno (Richard.sumarno@hardwicke.co.uk / 020 7691 0062) and/or Adam Blades (adam.blades@hardwicke.co.uk / 020 7691 0055).