Introduction
The lawyers in Ashfords' Corporate department regularly assist businesses in connection with the legal requirements of synergising their business activities including advising on the legal requirements for restructuring their business divisions or assets to fit with their business needs, and intragroup or pre-sale or post acquisition re-organisations.
Work handled includes:
- Inter-Group Asset Restructurings - If a group of companies is to be sold, the sellers may want to keep back certain assets, as part of the retained group, or alternatively there may be certain assets used by the seller's group which need to be moved into the target group prior to its sale. Ashfords has considerable experience in pre-sale reorganisations of this nature, including de-mergers and solvent liquidation schemes under section 110 of the Insolvency Act 1986, and can assist in advising on the correct manner in which to re-organise such assets.
- Inter-Group Assets Re-organisations - Once a company has been acquired it may need to be merged into the buyer's group. This may involve moving the business acquired into different companies within the group to synergise with the enlarged group. Ashfords has the necessary skill and expertise to advise on such re-organisation.
- Corporate Tax - Restructuring and reorganisations of whatever kind will have tax consequences. Ashfords has a specialist tax team within its corporate and commercial team to advise on the tax implications of such reorganisations or restructurings and such advice is provided in tandem with the required corporate and commercial legal advice.
- Restructuring and Insolvency - Ashfords has a specific insolvency team who provide advice on corporate and individual insolvency schemes of arrangement and the like. Further information on this area of practice can be found by clicking on the link.
Recent work undertaken includes:
Ashfords as will be seen from the main Corporate and Commercial home page has acted for numerous small and large businesses in relation to the sale and purchase of businesses. In almost every case there will have been an element of pre or post sale restructuring of a group which we would routinely have advised upon. We have most recently acted for:
- a major south west corporate in relation to the restructuring of certain of its business divisions in the stream lining of its business.