Why the client needed our help
We acted for the administrators of a design and construction company which had lost an arbitration, which it intended to appeal against. Unfortunately the consequences in the interim period meant severe cashflow problems.
How we helped
We assisted by placing the company into administration and selling the business back to the management including the rights to the claim including any appeal rights. Always commercial in our approach, part of the sale consideration also included a contingent element on the success of the appeal.
The outcome
The company was able to continue trading through both the period leading up to the appeal and beyond.
The insolvency team at FWJ has helped me on a number of complex and protracted matters over the last few years. FWJ are quick to respond and have given me practical and comprehensive solutions to the situations I have had to deal with. I have always been impressed by the depth of insolvency knowledge and commercial awareness displayed by the team and I would not hesitate to instruct FWJ again.
Ian Robert, partner at Kingston Smith
