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Restructuring & Insolvency

United Kingdom

Our dedicated team of restructuring and insolvency lawyers in England and Scotland advises all types of stakeholders involved in, or impacted by, financial restructuring and corporate insolvency situations.

What we do

We provide pragmatic, business-focused advice and guidance to our clients. We have a strong track record of advising a broad spectrum of clients on national and international restructuring and insolvency. Successfully navigating what is often a complex landscape calls for creative and bold solutions from experienced practitioners. We understand the legal and business drivers involved when a company gets into financial difficulties and we have the technical skills and expertise to help achieve the best possible outcome.

Our clients

Our clients include banks, listed and privately-owned companies, distressed debt funds, financial advisors, pension scheme trustees, the pension protection fund, insurance companies, insolvency office-holders, regulatory bodies, turnaround specialists and boards of directors.

Bench strength and global reach

As the largest law firm in Europe and sixth largest law firm globally, our team has the experience and firepower to deliver successful outcomes for clients, wherever they do business. Few competitors can match the strength of our global platform. We can quickly mobilise a team of international experts from a range of legal disciplines, tailored to your specific needs.

Sector expertise

Differentiated by world-class sector expertise in six core sectors – energy, financial services, infrastructure & projects, life sciences & healthcare, real estate and technology, media & telecommunications.

Seamless, integrated service

Where required, as it often is on these types of mandates, we draw upon and benefit from the experience of lawyers across wider practice areas, including litigation, real estate, employment, intellectual property, capital markets, tax and pensions, to complement our core restructuring offering.

Industry recognition

Our team have been recognised as ‘Restructuring Team of the Year 2018’ by the Legal Business Awards and ‘Insolvency law firm of the year 2018’ by the TRI Awards.

Video: Business rescue tools: what is a pre-pack?


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High­lights of our ex­per­i­ence in Re­struc­tur­ing & In­solv­ency in the UK
High­lights of our ex­per­i­ence:E&P com­pany on the re­struc­tur­ing of over USD 1.5bn of debt and its trans­ition in­to a North Sea de­com­mis­sion­ing busi­ness.UK Mar­ri­ot­tRe­ceiv­ers of the own­ers of the UK Mar­ri­ott hotel port­fo­lio with debt in ex­cess of GBP 1bn.
Ad­vising the Board on In­solv­ency Risk Re­port
Low­costtravel­group in­solv­ency shows why UK needs Euro Reg


Show only
13 October 2020
A new op­tion for fin­an­cially dis­tressed com­pan­ies: the new re­struc­tur­ing...
Our prac­tic­al guide to this new op­tion com­pared to a CVA and a scheme of ar­range­ment
01 September 2020
CMS Ex­pert Guide to re­struc­tur­ing and in­solv­ency law
Are you look­ing for in­form­a­tion on re­struc­tur­ing and in­solv­ency law? This CMS Ex­pert Guide provides you with everything you need to know.
17 September 2020
New Re­struc­tur­ing Tools
This pa­per ana­lyses the key changes and im­pacts on cred­it­ors, coun­ter­parties and debt­ors.
5 December 2019
CMS ad­vises Har­land and Wolff as it com­pletes res­cue deal
In­ter­na­tion­al law firm CMS has ad­vised Har­land and Wolff, and its ad­min­is­trat­ors BDO, on the com­ple­tion of its sale to AIM-lis­ted in­fra­struc­ture com­pany, In­fraS­trata. A wholly owned sub­si­di­ary of In­fraS­trata has pur­chased the prin­cip­al as­sets of Har­land &
30 September 2019
Ad­vising the Board on In­solv­ency Risk
Ad­vising the Board on Com­pet­i­tion Law Risk Re­port from CMS dis­cusses the risks re­lated to In­solv­ency. Find out more.
September 2019
The Rise and Rise of CVAs
Mark Jen­kins and Glen Flan­nery look at the ef­fect of com­pany vol­un­tary ar­range­ments on defined be­ne­fit pen­sion schemes.
7 November 2018
CMS tri­umphs at TRI Awards 2018
19 July 2018
Com­pany Vol­un­tary Ar­range­ments: An Over­view
19 July 2018
Com­pany Vol­un­tary Ar­range­ments: An Over­view for Lenders
18 May 2018
CMS ap­poin­ted to the Reg­u­lat­or of So­cial Hous­ing’s leg­al pan­el for new...
In­ter­na­tion­al law firm CMS is de­lighted to an­nounce its ap­point­ment to the Reg­u­lat­or of So­cial Hous­ing’s (RSH) leg­al ser­vices pan­el for a four-year term. The ap­point­ment cov­ers the pro­vi­sion of ad­vice on a new spe­cial ad­min­is­tra­tion re­gime that is be­ing i
20 April 2018
CMS crowned ‘Re­struc­tur­ing Team of the Year’ at the Leg­al Busi­ness Awards
CMS is de­lighted to have been awar­ded ‘Re­struc­tur­ing Team of the Year’ at the Leg­al Busi­ness Awards 2018, which took place in Lon­don on 18 April.
21 June 2017
Sum­mer­time Blues