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Banking & Finance

Restructuring & Insolvency

We advise on all aspects of corporate restructuring, business rescue and insolvency, in the UK and internationally.

We provide pragmatic business-focused advice and guidance to clients facing distressed and special situations, in the UK and internationally.

Our core team of restructuring & insolvency experts is complemented by experts in other practice areas and sectors who are experienced in distressed situations. This enables us to swiftly assemble the right team and deliver pragmatic solutions in any given situation.

We advise on directors' duties, restructuring plans, contingency planning, security package enhancements and enforcement, distressed asset sales and acquisitions, non-performing loan acquisitions and work-outs, loan-to-own strategies, solvent reconstructions, counterparty insolvency issues, mitigation of insolvency risk in transactions, insolvency investigations and insolvency related claims.

Latest news

Companies in distress: directors’ duties and helpful tools Insights into International NPL Markets and Regulations New EU rules on Non-Per­form­ing Loans EU proposes Directive on harmonisation of insolvency law Restructuring and insolvency law in England and Wales

Legal experts for Restructuring & Insolvency

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Martin Brown
PARTNER
Martin Brown
UNITED KINGDOM, LONDON
BANKING & FINANCE
INSURANCE
+1 MORE
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Glen Flannery
PARTNER
Glen Flannery
Global Co-leader of the Restructuring & Insolvency Group
UNITED KINGDOM, LONDON
BANKING & FINANCE
RESTRUCTURING & INSOLVENCY
+2 MORE
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Emma Riddle
PARTNER
Emma Riddle
UNITED KINGDOM, LONDON
BANKING & FINANCE
RESTRUCTURING & INSOLVENCY
+2 MORE
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Kelly Rothwell
PARTNER
Kelly Rothwell
UNITED KINGDOM, LONDON
BANKING & FINANCE
ASSET BASED FINANCING
+2 MORE
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Timea Scholey
PARTNER
Timea Scholey
UNITED KINGDOM, LONDON
BANKING & FINANCE
RESTRUCTURING & INSOLVENCY
Contact

Highlighted experience

  • Energy

    Gazprom (Securing Energy for Europe)

    Advising the German government on the group’s stabilisation, recapitalisation and restructuring, following the commencement of the war in Ukraine. 

  • Energy

    Markbygden Ett AB

    On the successful restructuring of its debt. This landmark restructuring secures the financial viability and continued operations of one of Europe's largest onshore wind farms.

  • FinTech

    Contis Financial Services Limited

    On its orderly wind-down and entry into special administration, setting new precedent under the Payment and Electronic Money Institution Insolvency Regulations 2021.

  • Utilities

    Octopus Energy Group

    On its takeover of Bulb Energy’s 1.5 million customers which included the first use of a statutory process available to energy supply companies in special administration.

  • Hospitality

    Wahaca

    On its successful pandemic-era company voluntary arrangement and wider debt and equity restructuring.

  • Pensions

    Hoover

    On its £0.5 billion pensions related restructuring, implemented by way of a rarely used regulated apportionment arrangement.

  • Manufacturing

    Harland and Wolff Group Plc

    Advising the group and its administrators on the restructuring and administration sale of this iconic business, best known for building the Titanic.

  • Manufacturing

    British Steel

    Advising the company in its restructuring negotiations with government and other key stakeholders.

  • Waste management

    Recycling Lives

    Advising the company and its administrators on the pre-packaged sale of various business units.

Awards & Recognitions
01 –
  • Quote
    “They provide good, honest and trustworthy advice.”
    Legal 500 UK 2025
  • Quote
    “All members of the CMS team are highly capable and able to deal with high volumes of work at speed. They have good engagement and are responsive throughout.”
    Chambers UK 2025
  • Quote
    “The breadth of CMS means that any sector-specific issues can be dealt with in-house and relevant expertise quickly provided.”
    Chambers UK 2025
  • Quote
    “Clear, concise, commercially focused advice and support, effectively and expediently communicated within an extremely challenging corporate, contractual and solvency environment, delivering outcomes to multiple competing international and domestic stakeholders and their numerous legal and financial advisors.”
    Con O’Neill, (former) Chief Financial Officer, Harland & Wolff
  • Quote
    “CMS are excellent - they have a well-integrated finance team and a good cross-border practice.”
    Chambers UK 2022, Restructuring/Insolvency

Explore more

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United Kingdom
Law-Now · 19 Feb 2025

Reflections on the Third Parties (Rights against Insurers) Act 2010, 8...

1 min read
United Kingdom
Publication · 05 Feb 2025

InDebt

1 min read
United Kingdom
Publication · 04 Feb 2025

Banking and finance developments

1 min read
United Kingdom
News · 10 Dec 2024

CMS advises Markbygden Ett AB on successful debt restructuring

2 min read
United Kingdom
Law-Now · 27 Nov 2024

The CJC Review of Pre-Action Protocols – Phase Two Report (Final) now published

1 min read
United Kingdom
News · 07 Oct 2024

CMS strengthens UK Restructuring team with partner hire in Manchester

2 min read
United Kingdom
Law-Now · 03 Oct 2024

Sanctioned creditors allowed to participate in and vote at creditors’ committee...

1 min read
United Kingdom
Publication · 22 Jul 2024

New EU rules on Non-Per­form­ing Loans

2 min read

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We provide future-facing legal advice to help your organisation thrive. Combining local market knowledge and a global perspective, and with lawyers in locations worldwide, your organisation benefits from the expertise it needs, even across borders.

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