Skip to content Skip to footer
Close

Restructuring & Insolvency

A review of 2022 complex international insolvency cases – the challenges and how they were addressed

What do the collapse of a major cryptocurrency exchange, Britain’s allegedly biggest-ever personal insolvency and the devastation of one of Russia’s major gold mining businesses by post-Ukraine invasion sanctions have in common? The answer is that in each of these very different international insolvency cases, the subsequent rescue bid has involved Opus Partner, Allister Manson, who was recently named the

Read More
January 20, 2023

As CBILS defaults rise, what now for struggling borrowers?

The Coronavirus Business Interruption Loan Scheme (CBILS Scheme) One of the three main pandemic loan mechanisms, the CBIL Scheme, ran from March 2020 to March 2021. Lenders advanced a total of £26.4bn to 109,877 borrowers at an average loan value of £240,000. The maximum loan was £5m and the government provided a guarantee of 80% of the debt. The lender

Read More
January 18, 2023

Using third party litigation funding

Traditionally, the prospect of taking a claim or a counterclaim into the dark world of commercial litigation and possibly into the courtroom is one of the most intimidating challenges a business can face. In our first blog on litigation funding, we looked at some of the options for claimants and defendants that have emerged in recent years, which now make

Read More
December 7, 2022

Opus rescues Valeside Catering after its failed acquisition

Successful catering business with health revenue Valeside Catering Contracts Limited, a business incorporated in 2002 had been a successful husband and wife catering company, servicing a number of hospices, golf clubs and other corporate clients across the home counties and south east. Post pandemic, the 2021 accounts reported a healthy revenue of £1.4m, pre-tax profit of £97k and a balance

Read More
November 29, 2022

Why litigation funding can be the answer to a business litigant’s prayers

Getting involved in commercial litigation is every business’s worst nightmare. Whichever side of a dispute you are on, there is so much more at stake than the claim itself. On top of the management distraction and the frustrations at endless delays, costs loom large. Not only can your own costs be a formidable and potentially insurmountable barrier, but there is

Read More
November 22, 2022

What are a director’s responsibilities following the BTI v Sequana decision?

Ever since the modern insolvency era began with the passing of the Insolvency Act 1986, there has been a debate about how and when the responsibilities of Directors change as their company moves towards a formal insolvency. In broad terms, the mantra has been that they owe their primary duty to the shareholders until an insolvency filing becomes inevitable, after

Read More
October 14, 2022
No more posts to show

Categories