Senior Principal Associate - Restructuring Insolvency
Senior Principal Associate - Restructuring Insolvency
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Job Description
About the team
The specialist noncontentious Restructuring and Insolvency (R&I) team is part of the wider firms Banking & Finance team which is across the two main UK offices Birmingham and London. The Restructuring & Insolvency team work as a combined team across the offices and with the contentious insolvency colleagues who are part of the firms wider litigation team. Typical work assignments include:
- 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 prepackaged administration trading and partial group insolvency work.
- The team also works closely with the firms marketleading pensions practice dealing with deficit and distress situations and helping devise creative solutions for both trustees and corporate sponsors.
The Banking & Finance team covers all aspects of finance work including acquisition finance asset finance general corporate and syndicated lending securitisation and debt capital markets project finance and distressed advisory work restructuring and corporate recovery. The Finance team acts for UK clearing banks U.S. and European banks financial institutions debt funds and alternative lenders as well as for borrowers investors corporates funds and private equity houses pension trustees receivers and insolvency practitioners.
The R&I team members work and market closely with members of the firms Dispute Resolution Group whom specialise in insolvency fraud and director disqualification work and work alongside all of the firms Sector teams
We provide a partner led service to clients in a closeknit team in which every member plays a key part in client delivery and marketing initiatives.
About the role:
We are looking for a Senior / Principal Associate to join our noncontentious Restructuring and Insolvency team based in Birmingham.
About you:
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 closeknit 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 noncontentious insolvency matters such as administrations liquidations other insolvency processes prepack 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.
In return the team can offer excellent training and exposure to all types of distressed finance work with a view to building long term career opportunities within the firm.
We would expect the candidate to be able to deliver excellent advice on a broad range of issues including:
- Administration and receivership appointments.
- Advice to directors on their duties in distressed circumstances.
- Asset disposals by administrators/liquidators including prepackaged solutions.
- Advising on the validity of secured lenders 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 antiavoidance 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.
What We Can Offer You:
The opportunity to work for a firm that has been recognised as one of best places to work in the UK and has been ranked by Great Place to Work for 24 consecutive years.
Excellent benefits including:
- A hybrid approach to office and remote working.
- 25 days annual leave with the option to buy up to a weeks extra annual leave
- Private medical insurance and the option to add family members
- A generous pension allowance
- Life assurance covering four times your annual salary
- The chance of a threemonth sabbatical every five years
- Maternity paternity and adoption leave schemes
- A range of health and wellbeing programmes
- State of the art offices in the heart of Birmingham City Centre with an onsite restaurant
- Opportunities to flourish in your role through training and personal development
Equal Opportunities:
Gowling WLG is committed both to promoting equality and diversity in the firmand to Equal Opportunities in employment. The firm believes in equality of opportunity regardless of race or racial group (including colour nationality ethnicity national origins) religion or belief age disability sexual orientation sex gender reassignment and gender identity marriage and civil partnership and pregnancy maternity and paternity. This also includes any incidents of perceptive or associative discrimination and harassment.
At Gowling WLGwe seek to attract and retain talented people from a diverse range of backgrounds and cultures to create an exciting and rewarding place to work. Our aim is to fulfil everyones potential and together to achieve personal and business goals.
If you have any queries in relation to this position or would like to see a full job description please contact Nana PantiAmoa
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Required Experience:
Staff IC
Employment Type
Full Time
