Deloitte Turnaround & Restructuring

Insolvency is maligned as being “the end of the road” for businesses. Whilst that can be the case in certain circumstances, other court-appointed solutions, such as provisional liquidations, can provide relief and facilitate the restructuring and emergence of a viable business.

Inevitably there are times when an entity’s financial problems become severe, or there are stakeholder disputes that cannot be resolved. In these circumstances, a court-supervised liquidation may be the only option. Understanding when and how to utilize each solution is a fundamental part of restructuring and requires technically proficient and experienced practitioners. 

Our qualified Deloitte insolvency professionals have a wide variety of experience acting as both Court appointed Provisional or Official Liquidators and dealing with the associated complexities in settling cross-border disputes. Typically, we manage multi-faceted litigations, complex asset disposals, and relationships with service providers and stakeholders. 

Voluntary Liquidation is a legal process to terminate or ‘wind up’ the operation of a solvent entity in accordance with legislative requirements. Considerable cost savings can often be achieved by placing an entity into Voluntary Liquidation, for example, by terminating service provider relationships which are no longer needed and by eliminating the need to pay ongoing annual filing and registration fees.

Deloitte’s Voluntary Liquidation services span from a straightforward closure of entities with no assets or liabilities to providing restructuring advice and solutions for entities with illiquid assets and contingent liabilities.

Our restructuring professionals have a wide variety of experience dealing with complex business structures and investment companies. We understand the need to deliver a timely and cost-effective voluntary liquidation product to our clients.

The Cayman Islands Companies Act (as revised) provides for the appointment of a Restructuring Officer regime, which can be utilized by debtor companies who wish to pursue a restructuring. A company may present a petition to the Grand Court of the Cayman Islands (the “Court”) for the appointment of a Restructuring Officer on the grounds that i) the company is or is likely to become unable to pay its debts, and ii) it intends to present a compromise or arrangement to its creditors.

Deloitte has a significant network of over 2,500 restructuring professionals, who can support you seamlessly across jurisdictions and industries. Our restructuring professionals are qualified to serve as Restructuring Officers and can guide you through every step of the process to ensure that the restructuring has the best possible chance of success and that the process goes quickly, smoothly and is cost effective.

Controllerships arise from regulator intervention. Our dedicated professionals have experience working closely with regulators and possess deep industry knowledge and situational experience. Receiverships empower secured creditors to enforce security over their assets.

Our team of experienced professionals possess in-depth knowledge and expertise acting as receivers. We understand the complexities of the process and can guide you through every step of the process to ensure the highest likelihood of success. We are committed to delivering a swift, smooth, and cost-effective experience for our clients.

To address issues related to financial crime, fraud, and corporate misconduct, our world-class team of specialists can support you through discovery, fact-finding, business disputes, and regulatory matters. By working with us, be empowered to drive progress and champion the unexpected.

In a digital world, critical evidence, information and insights can be obtained from large volumes of an organisation’s data. Navigating this digital world requires a unique combination of deep forensic and technical data analytics skills. This unique combination is what sets us apart as industry leaders in forensic analytics.  Our analytics professionals assist clients and their legal counsel in collecting, preserving and analysing large and disparate data to support or refute the facts and allegations of commercial investigations and complex litigation. We combine our forensic accounting and investigative skills with advanced computer labs and cutting-edge technology to offer innovative solutions to our clients’ complex legal problems.