Corporate Restructuring and Insolvency

The Practice

Arthur Cox has built an excellent reputation in corporate recovery, restructuring and insolvency work by providing tailored legal advice to companies in financial difficulty and to their directors. We also act extensively for international investment banks, lending banks, insolvency practitioners, national and international companies and individual creditors. Our dedicated restructuring group concentrates on bringing practical, workable and innovative ideas to each project.

Our Restructuring Group advises on:

  • general restructuring and reorganisations
  • debt and equity restructuring
  • intercreditor arrangements and agreements
  • financial restructuring
  • insolvency procedures, examinership and bankruptcy
  • distressed debt
  • advising directors, shareholders and creditors of entities in difficulties

Expertise

Our team is made up of restructuring and insolvency experts and lawyers from our corporate, finance, tax, regulatory, employment, property and dispute resolution groups. By drawing on a depth of extensive and relevant expertise from within the firm, we can provide appropriate multi-dimensional advice to our clients on the increasingly challenging and technically complex areas of insolvency and restructuring.

In particular our team advises on:

  • Debt restructuring and rescheduling
  • Equity capital raising and restructuring
  • Distressed M&A activity
  • Investigation, asset tracing, insolvency litigation
  • Insolvency procedures and contingency planning
  • Distressed creditor and equity investment and trading
  • Debtor advisory
  • Directors’ duties
  • Debtor-led restructuring
  • Creditor-led restructuring
  • Refinancing
  • Debt/equity swaps
  • Schemes
  • Audit of property title for secured loans to properties held as security
  • Security reviews
  • Tax efficient structures for recapitalisations and refinancing
  • Optimum use of losses
  • Tax advice on all aspects of restructuring
  • Employment advice on these matters

Experience

Recent transactions and cases in which members of the Group have been involved include:

  • Advising the Irish Government on its response to the banking crisis including the State guarantee, the nationalisation of Anglo Irish Bank and the recapitalisation of AIB, Bank of Ireland, EBS Building Society and Irish Nationwide Building Society
  • Advised a syndicate of five banks on the Irish aspects of a US$500 million cross-border refinancing of the debt of the ROLF Group
  • Advising on the Irish aspects of the restructuring and refinancing of Hypo Real Estate/Depfa
  • Advising on the restructuring of Saschen Bank’s operations being merged with Landesbank Baden-Württemberg’s operations
  • Advising on the restructuring of IWP International plc
  • Advising International Securities Trading Corporation plc (ISTC) in the largest insolvency in the history of the Irish State, successfully petitioning the Irish High Court for the appointment of an examiner and advising on the conduct of the examinership
  • Advising Structured Credit Company, which provided credit risk protection to the world’s largest investment and commercial banks, on the appointment of an examiner
  • Advising Bank of America as petitioner for the liquidation of Eurofood IFSC Limited (Parmalat) (including the reference to the European Court of Justice)
  • Advising the receiver of Taggart Homes Ireland Limited and related companies
  • Advising the administrator of Rover Ireland Limited

Corporate Recovery and Insolvency Northern Ireland Practice