Sebastian is a Senior Associate in the Restructuring & Insolvency team.
Providing wide-ranging advice to companies in financial difficulty, asset-based lenders and invoice finance providers affected by borrower default, insolvency practitioners overseeing an insolvency process and the buyers of businesses and assets out of an insolvency arrangement.
Advising distressed companies on corporate reorganisation and debt restructuring, company voluntary arrangements, the onward sale of business interests and assets, the appointment of an administrator and the process of putting a company into liquidation. Sebastian also advises on directors’ fiduciary duties when running a company on the brink of collapse.
Sebastian’s advice to lenders encompasses the restructuring of borrower debt to improve financial stability, the transfer of debt between companies as part of a wider corporate reorganisation and options for enforcing lender security where failure cannot be avoided.
The support offered to insolvency practitioners includes strategic advice prior to formal appointment, guidance on the legal and technical aspects of the insolvency process, action to recover company debts and help with the onward sale of businesses and assets.
Clients include professional and financial services, retail and recruitment.
Recent examples of how Sebastian has supported clients include:
- facilitating the sale of the business and assets of a distressed web-based company in a pre-administration deal likely to clear the company’s debts, cover the costs of insolvency and achieve a return to the company’s shareholders;
- supporting the administrator of a well-known restaurant group in a managed restructure and disposal of business interests, achieving an good return for the secured creditor;
- guiding the board of a logistics company through a restructuring programme designed to comply with ongoing changes to UK taxation rules; and
- recovering £1.5 million for the administrators of a financial services company following the settlement of several directors’ liability claims.