Practice area
Asset Management, Restructuring & Distressed Assets
This area supports investors, creditors and asset managers dealing with value in complex or distressed situations. It covers asset management, distressed and non-performing assets, corporate and debt restructuring, and asset-heavy matters in construction, real estate and overseas projects. Acquisition, restructuring and recovery are often connected, and this focus considers them together, with the route to value in view from the outset.
What this area covers
- Asset management
- Distressed assets
- Non-performing assets
- Construction
- Real estate
- Overseas projects
- Restructuring
Common client situations
- Evaluating the acquisition of a distressed asset, portfolio or non-performing exposure.
- Managing or realizing value in a portfolio of assets or investments.
- Reorganizing corporate or debt obligations in response to financial difficulty.
- Dealing with the legal aspects of construction, real-estate or overseas-project assets.
- Coordinating acquisition, restructuring and recovery into a single strategy.
Types of assistance
- Advising on the legal characteristics and risks of an asset, and on acquisition or holding structure.
- Reviewing underlying documents, security and priority questions.
- Advising creditors and companies on restructuring options and their implications.
- Advising on the legal aspects of construction, real-estate and overseas-project matters.
- Advising on measures to preserve and realize value.
Practical considerations
- Value in a distressed asset often depends on the strength and priority of the underlying security.
- Diligence on the asset and any encumbrances is central to pricing and risk.
- Preservation and enforcement steps can be time-sensitive, and early action can affect recovery.
- The acquisition or restructuring strategy should anticipate how value will ultimately be realized.