There are changes in the wind.
Having lived through the introduction of the ‘86 Act and the creation of the out of court process through the introduction of the Enterprise Act and Schedule B1, Edwin Coe has in place an experienced team of partners and associates both steeped in the history of administration procedure and prepared for the future changes anticipated in what is thought to be the final form 2016 insolvency rules. This experience will be more relevant than ever with the introduction also in 2016 of the recast European Insolvency Regulation, now also in final draft form.
Having significant reach in Europe through membership of the leading Ally Law network, and sponsorship these last several years of INSOL Europe, the team is adept at considering issues of jurisdiction, known as “COMI”, that will be all the more subject to scrutiny as the test for determining jurisdiction is changed and further refined
Whether considering if administration is the appropriate or permissible tool for rescue or recovery, or addressing the choice of licensed insolvency practitioner, the Edwin Coe team has both the reach and depth of understanding necessary in making decisions of this magnitude; what is appropriate in one instance will not suit different facts or indeed personalities. Where necessary, the team will advise on the need for and effect a court application, discussions with bankers, significant involuntary creditors and trade creditors alike.
Where administrators are already in office, and questions arise in relation to jurisdiction, sales to third parties or oldco management teams, the standards applied in the sale, or the process of appointment itself, the Edwin Coe team has the necessary experience to assess, challenge or indeed to remedy defects in appointment, to carry out or to question sales, and to assess the progress made in administrations required by both the Act and the current Schedule B1.
To discuss any matters concerning this most technical of fields please call us.
This team is quite rightly recognised as one of the outstanding personal insolvency practices in the market
Chambers UK 2013
Team head Ali Zaidi at Edwin Coe LLP is thorough and tenacious.
Legal 500 2013