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Insolvency | Insolvency

Quick response avoids insolvency and keeps client's business afloat

Late one Friday night, I took an urgent call from a partner in another law firm.

He promptly set out the details of an ongoing dispute between a prominent co-director and company founder and his fellow directors and shareholders who were using ambush tactics to wind up the company and appoint a liquidator. Substantial issues had come to a head and the matter was due in Court early the following week – but the existing lawyer was now conflicted out and could no longer act.

Understandably, the client was frantic.

At this point, my team kicked into gear. I met the client that night, pulled a team together, and put in long hours over the weekend, ready to meet the other parties in Court.

Crucially, we also managed to lead commercial discussions that resulted in a more productive management structure for the business – avoiding liquidation, keeping a viable business operating and securing the livelihoods of many staff.

"The content of this publication is for reference purposes only. It is current at the date of publication. This content does not constitute legal advice and should not be relied upon as such. Legal advice about your specific circumstances should always be obtained before taking any action based on this publication."