Restructuring/Insolvency
UK Guide 2025 : Scotland
Band 2
Contact number
0131 228 3777About
Provided by Brodies LLP
Our dedicated restructuring and insolvency team is one of the biggest and most experienced in Scotland, providing legal support that is grounded in technical precision and commercial insight.
With expertise spanning multiple sectors, our specialist team provides focused advice in relation to all corporate and personal insolvency regimes. We work with parties who are impacted directly or indirectly by financial distress and/or insolvency, including: lenders/funders, borrowers; insolvency practitioners; corporates; their directors, unincorporated organisations; public bodies; individuals; and other stakeholders.
Our experience includes equity and financial restructurings, enforcement and formal insolvency appointments, contingency planning, business loan and asset sales/acquisitions arising from insolvency or non-performance, asset recovery and challengeable transactions. We also advise directors on their duties, disputes, personal liability and disqualification.
Key highlights:
- Advised on the airline insolvencies of Thomas Cook, Flybe and Flybmi.
- Acted as lead Scottish Counsel in the administration of the Johnston Publishing Group.
- Advised on major UK retail CVAs and insolvencies, including Arcadia, Debenhams, Homebase, House of Frasers, Jack Wills and Monsoon.
- Advised international clients on their restructuring options for UK based subsidiaries.
- Advised various contract counterparties in relation to contracts with WrightBus Limited (in Administration).
Chambers Review
Brodies has a well-regarded practice with strength across a spectrum of corporate and personal insolvency matters. It demonstrates considerable expertise in handling issues such as transactions involving distressed assets, disputes and restructuring projects. Its clients include distressed companies, insolvency practitioners, financial institutions and regulatory bodies.
Strengths
Provided by Chambers
"Brodies is a full-service firm with an exceptional team who go above and beyond to provide support."
"Brodies is a capable law firm that provides robust advice. Its team is knowledgeable and experienced and good to have fighting your corner."
"Brodies demonstrate a high level of specialist knowledge and experience about insolvency, and they deliver clear advice about complex matters."
"Brodies has a great team that works closely with clients to get what they need."
"Brodies' advice is always well considered and tailored to the needs and priorities of businesses. The team is well structured and well managed to optimise service to clients."
"Brodies is a full-service firm with an exceptional team who go above and beyond to provide support."
"Brodies is a capable law firm that provides robust advice. Its team is knowledgeable and experienced and good to have fighting your corner."
"Brodies demonstrate a high level of specialist knowledge and experience about insolvency, and they deliver clear advice about complex matters."
"Brodies has a great team that works closely with clients to get what they need."
"Brodies' advice is always well considered and tailored to the needs and priorities of businesses. The team is well structured and well managed to optimise service to clients."
Notable Practitioners
Lucy McCann is recommended for her skilled handling of insolvency litigation, as well as non-contentious restructuring and insolvency exercises of all kinds. She has a strong domestic and international practice.
"Lucy is a well-known insolvency lawyer in Scotland who deals with complex matters with ease. She is commercial in her thinking."
"Lucy is very pragmatic and solution-focused. She always delivers, even in challenging assignments. She is highly available and can draw strength from her wider team if necessary."
Shirley Li-Ting is a legal director in the restructuring and insolvency department in Glasgow. She advises clients on restructurings and distressed transactions. She has experience acting for companies, banks and investors as well as insolvency practitioners.
"Shirley has deep knowledge and expertise in her area. She is able to coordinate and deliver well-considered and actionable advice which adds value to businesses."
"Shirley is an outgoing, enthusiastic lawyer. She is a leading expert in insolvency and someone to turn to for advice."
"Shirley is very responsive and commercial. She is a pleasure to deal with."
Jamie Nellany is a senior associate based in Edinburgh. He has a strong transactional practice, handling complex restructurings and prepack sales. He represents clients across a range of sectors, including financial services, hospitality and healthcare.
Ranked Lawyers at
Brodies LLP
Scotland