Business Restructuring and Insolvency
Our Business Restructuring and Insolvency practice comprises a multidisciplinary team of Partners, Senior Associates and supporting lawyers with expertise in insolvency and restructuring, litigation, banking, and financial services including investment funds and listed trusts, and corporate finance.
As one of Sri Lanka's leading full service law firms, we take pride in our experienced Partners with expertise in their respective areas and their ability to respond in the most time effective and comprehensive manner.
The experience of our Insolvency and Restructuring team places us amongst the market leaders in Sri Lanka, with extensive knowledge of both the legal and practical aspects of Restructuring and Insolvency in the local market and regionally.
Our services in Restructuring and Insolvency include:
- Rescue, Restructuring and Financing
We have extensive experience in advising various auditors, banks, and other financial institutions and borrowers on every aspect of rescue, restructuring and financing, including refinancing/financing, debt rescheduling, sale and lease back, distressed debt issues, and court sanctioned arrangements.
We advise banks, financial institutions and office holders on all types of formal insolvency procedures, including liquidations, provisional liquidations and administrations in Sri Lanka and overseas. We also advise trustees on bankruptcy issues and individuals facing financial difficulty.
- Creditor services
We offer a wide range of creditor services, including advice on making claims, submitting proofs and arranging attendance at creditors' meetings. We also provide guidance on the procedure to be followed at these meetings, proxy voting and dividend recovery.
- Corporate rescue services
Seeking professional advice early can make all the difference and help a company facing financial challenges avoid insolvency. Working closely with accountants and financiers, we advise on all aspects of turnaround such as cash-flow management, refinancing, restructuring, debt factoring and other rescue strategies.
- Directors Liabilities
We advise directors on their duties and liabilities, including avoiding disqualification and potential liability as a result of third parties, and advising on fraudulent trading and other statutory offences.
- Purchasers and Mergers
We advise potential and existing purchasers and mergers on acquiring businesses and assets from receivers, liquidators and other office holders, and on the acquisition of other assets. Considering these are time sensitive matters, we have the resources and expertise to act quickly, giving our clients commercial as well as practical advice.
- Debt collection
To enable our clients to recover their debts rapidly and cost effectively we offer a fully-automated debt collection service.