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Senior / Principal Associate - Restructuring & Insolvency

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Gowling WLG

1mo ago

  • Job
    Full-time
    Senior Level
  • Legal
    Banking & Finance
  • Birmingham

AI generated summary

  • You must be a qualified solicitor with Restructuring and Insolvency experience, skilled in creditor and insolvency practitioner matters, and possess strong knowledge of insolvency processes and security issues.
  • You will advise on insolvency processes, support directors in distressed situations, review security packages, and assist clients with transactional and refinancing activities.

Requirements

  • We are looking for a qualified solicitor that has Restructuring and Insolvency experience.
  • The candidate must be experienced in acting for creditors, lenders, insolvency practitioners and companies on the full range of insolvency, rescue and restructuring matters.
  • The candidate will report directly to the Restructuring partners across Birmingham and London and will be a key member within this close-knit team which advises various stakeholders on all types on debt restructuring and enforcement, including contingency planning and security related issues.
  • The candidate must already have good experience of working with lenders and insolvency practitioners on non-contentious insolvency matters such as administrations, liquidations, other insolvency processes, pre-pack insolvencies and advising on review of security and debt advisory work.
  • Technical knowledge of insolvency is required with a toolkit knowledge of insolvency and distressed banking work (such as advising on and drafting standstill agreements, reservations of rights, waivers and defaults) will help.
  • The candidate will need to have good technical knowledge and an understanding of current legal principles and current technical knowledge in recovery/restructuring, security issues and insolvency processes; having had exposure to insolvency processes, security and banking matters with client communication in this field, together with experience of insolvency transaction and advisory work.
  • A commitment to business development within the restructuring and insolvency community will be expected, established connections in the market would be an advantage.

Responsibilities

  • Acting for insolvency practitioners on transactional work and Work for Insolvency confidential contingency planning projects.
  • Advising boards of directors on their duties on trading whilst insolvent.
  • Reviewing security and lending packages for a variety of lender clients.
  • Advisory work on complex exits acting for corporates lenders, investors, and other stakeholders, including members voluntary liquidations and dissolution.
  • Advising clients on all types of insolvency processes, sales, and purchases from insolvency, including pre-packaged administration, trading and partial group insolvency work.
  • The team also works closely with the firm's market-leading pensions practice, dealing with deficit and distress situations, and helping devise creative solutions for both trustees and corporate sponsors.
  • We provide a partner led service to clients, in a close-knit team in which every member plays a key part in client delivery and marketing initiatives.
  • Administration and receivership appointments.
  • Advice to directors on their duties in distressed circumstances.
  • Asset disposals by administrators/liquidators including pre-packaged solutions.
  • Advising on the validity of secured lender's security.
  • Experience of some restructuring work.
  • Providing refinancing and fundraising advice.
  • Advising Banks and other financial institutions on their enforcement strategy including insolvency options.
  • Knowledge of anti-avoidance issues, such as preference, transactions at undervalue.
  • Knowledge of general banking matters e.g. facility agreements, intercreditor agreements and deeds of priority and security documents.
  • Any other reasonable duties delegated by any Partner, Senior Manager or Group Support Manager of the firm.

FAQs

What is the job title for this position?

The job title is Senior / Principal Associate - Restructuring & Insolvency.

Where is the position located?

The position is based in Birmingham.

What type of team is the Restructuring and Insolvency (R&I) team?

The R&I team is a specialist non-contentious team that is part of the wider Banking & Finance team.

What are the key responsibilities of this role?

Key responsibilities include acting for insolvency practitioners, advising boards of directors, reviewing security and lending packages, advising on insolvency processes, and providing advisory work on complex exits.

What experience is required for this position?

The candidate must have experience in acting for creditors, lenders, and insolvency practitioners on a full range of insolvency, rescue, and restructuring matters.

Is technical knowledge of insolvency necessary?

Yes, the candidate must have good technical knowledge and understanding of insolvency processes, security issues, and recovery/restructuring matters.

Are established connections in the restructuring and insolvency market preferred?

Yes, a commitment to business development and established connections in the market would be an advantage.

What kind of advice should the candidate be able to deliver?

The candidate should be able to deliver advice on administration and receivership appointments, directors' duties in distressed circumstances, asset disposals, lender security validity, refinancing, and enforcement strategies.

What types of benefits are offered with this position?

Benefits include a hybrid working approach, 25 days annual leave, private medical insurance, a generous pension allowance, life assurance, sabbatical opportunities, and health and wellbeing programmes.

Is the firm committed to equality and diversity?

Yes, Gowling WLG is committed to promoting equality and diversity and believes in equal opportunities regardless of various factors such as race, religion, age, disability, and gender.

How can I inquire about the position?

You can contact Nana Panti-Amoa at Nana.Panti-Amoa@uk.gowlingwlg.com for any queries regarding this position.

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Gowling WLG

An international law firm that's in tune with your world, aligned with your opportunity and ambitious for your success.

Law
Industry
1001-5000
Employees
2016
Founded Year

Mission & Purpose

Gowling WLG is a leading international law firm that offers a comprehensive range of legal services to businesses and individuals. With a strong global presence, their team of legal professionals provides expertise in various areas of law, including corporate, intellectual property, real estate, and litigation. Their ultimate mission is to provide top-tier legal advice and solutions to help clients navigate complex legal challenges and achieve their business objectives. Gowling WLG's purpose is to be a trusted partner for their clients, delivering high-quality legal services that contribute to their success, growth, and legal compliance in the ever-evolving business landscape.