Restructuring is the corporate management term for the act of reorganizing the legal, ownership, operational, or other structures of a company for the purpose of making it more profitable, or better organized for its present needs.
Other reasons for restructuring include a change of ownership or ownership structure, demerger, or a response to a crisis or major change in the business such as bankruptcy, repositioning, or buyout. Restructuring may also be described as corporate restructuring, debt restructuring and financial restructuring.
Partnerships share company ownership based on the number of partners, while shareholders hold ownership based on the number of shares held by each person and the percentage of company worth represented by those shares.
Both of these can be tricky to set up and make legal. The main purpose of any legal agreement is to record and evidence the intention of the parties to that agreement. The partnership agreement or shareholders agreement will record the intentions of the partners in business together. Significant and long term partnerships may need fairly comprehensive documentation to provide rules concerning the inevitable ups and downs of life.
At Cambria Chambers we have several barristers who can help you set up the agreement correctly and make sure all parties are covered.
Company Sales and Purchases
Buying or selling a business by the purchase or sales of its assets can be a detailed and complicated transaction. At Cambria Chambers we are able to guide you through every stage of the sale/purchase: from negotiating and drafting heads of terms, carrying out legal due diligence, negotiating and drafting the key transaction documents and ensuring that the acquisition is completed successfully. We can also advise and help with Management buy-out or buy in. We have enormous experience to offer management teams, both in terms of the complex issues which need to be addressed and in handling the emotional stress typically involved.
Within the pressured environment of a deal, Cambria Chambers are recognised as being able to provide a lead where required in order to ensure that a business, a company or its shareholders are able to get the most out of the sale or purchase.
If you are a director of or shareholder in a company or a partner in a partnership, you will appreciate the importance of having a good relationship with your co-directors, co-shareholders or fellow partners. Unfortunately however, sometimes these critical relationships deteriorate or break down, causing distress to those involved and difficulties in relation to decision-making and the general day to day operation of the business.
We can help with our professional team with the following:
- Commercial property Lease drafting and disputes
- Contractual Disputes.
- Business Transactions and Disputes.
- Joint Venture Agreements- Drafting and Disputes
- JCT Contracts – Drafting & Disputes
- Directors Personal Guarantees – Advice and Disputes
- HMRC Tax and VAT Disputes