Finance
Recoveries
We offer specialist advice to banks on
what fall-back plans they can implement if restructuring a loan
fails to work.
If there is a default under a secured
loan, the bank wants to know how to enforce its security.
Difficulties may arise when security has been taken over assets
that are, by their very nature, moveable.
For instance, aircraft are able to fly
into different jurisdictions which may or may not be
lender-friendly. Therefore, enforcement of the bank’s security over
the aircraft will not only depend upon the law governing the
mortgage over the aircraft, but also the law of the jurisdiction
where the aircraft is situated and that in which the operator of
the aircraft is incorporated.
Our expertise in this area gives our
clients the confidence to expect a complete service.
Our experience includes:
- reviewing and
investigating the vulnerability of security packages and providing
solutions to lenders
- advising on restructuring loans
and workouts
- advising on the realisation of
international portfolios of assets including aircraft, yachts and
other moveable property
- advising and implementing
enforcement of security and debt recovery