Restructuring & Insolvency Lawyers
Coronavirus advice for business
In order to give your business the breathing space it may require, we can assist with obtaining moratorium from action by creditors (including HMRC) through binding agreement or by the use of statutory moratorium processes.
Recent updates
- Recent changes affecting recovery for holders of floating charges
- U-turn puts suspension of wrongful trading in place again, until 30 April 2021
- Redundancy and restructure considerations for employers
- Corporate Insolvency and Governance Act 2020
- How can a company protect its assets in the face of trading risk?
- Temporary suspension of statutory demand provisions - what does it mean for businesses and creditors?
- An overview of the Coronavirus (Scotland) (No.2) Act 2020
- Could light touch administration mean a light at the end of the tunnel for struggling businesses?
- How do landlords deal with the administration of a tenant?
- Should commercial landlords grant holiday, suspension or deferral for rent
- Coronavirus: changes to UK Insolvency law announced
- How to keep track of the most up-to-date, official coronavirus advice
- Coronavirus: update for businesses on Government support package
Key contact
Contact Gordon Hollerin on:
Gordon has over 25 years' restructuring, corporate recovery and insolvency experience. He advises banks and financial institutions, administrators and liquidators in large scale restructuring and insolvency assignments and supports some of the world’s top banks and financial institutions. View full profile.
Advising organisations and lenders across the UK
The restructuring & insolvency team at Harper Macleod combines technical excellence with service delivery of the highest standard to businesses and lenders in Scotland and elsewhere in the UK.
We have a wealth of knowledge in banking and finance transactions, property, debt and equity restructurings and insolvency processes.
Lenders and borrowers seek our advice to help them with a wide range of impaired asset solutions, including equity restructuring, property participation, security enhancement and security realisation.
Our approach is to work in partnership with our clients to develop and implement solutions through proactive discussion, innovative strategic analysis and robust, effective advice.
Where rescue, turnaround and restructuring is not possible, we advise on the duties and obligations of those in insolvency.
Creditors, whether secured or unsecured, need advice on securing and maximising their recovery from customers facing insolvency. Insolvency practitioners have a need for advice geared towards maximising the return to creditors.

Why choose us?
Our lead Partners have more than 50 years’ experience in large scale restructuring and insolvency assignments, and are among the leading practitioners in this area. We deliver pragmatic, commercial advice, based on detailed understanding across industry sectors to enable our clients to achieve the best results. We also work closely with other professionals throughout the UK on significant cross-border matters.
We provide advice on restructuring and insolvency related matters to clients including:
- Banks
- Company directors
- Distressed companies
- Financially distressed individuals
- Insolvency practitioners
- Landlords
- Secured and unsecured creditors
Key services
We are experienced in advising in the following areas:
- Administrations
- Company Voluntary Arrangements (CVA)
- Debt recovery processes
- Debt rescheduling and refinancing
- Directors' duties
- Distressed debt trading and non performing loans
- Distressed M&A
- Distressed real estate lending and impaired asset solutions
- Equity and property participation
- Equity and property restructuring
- Formal insolvency processes and office holders conduct
- Insolvency litigation
- Insolvent assets and business sales and purchases
- Lender exit strategies
- Liquidations
- Pre packaged solutions and disposals
- Receiverships
- Security enhancement and realisation
Seasoned advisers on corporate and personal insolvency, with notable expertise in real estate, media and sports restructuring. Clients include banks, businesses and insolvency practitioners. Counsels across the full gamut of contentious and non-contentious insolvency work, calling upon broader expertise in its employment and real estate practices to advise on ancillary issues.
Chambers UK 2021Clients say the lawyers "have good technical skills, are experienced and are good at connecting different service lines within the firm."
Gordon Hollerin is an outstanding practitioner in his field who brings a wealth of experience and commercial common sense to the table and along with his responsive team in HM can be relied upon for sound commercial advice. In addition you know you are getting great value for money - something that is common across other service areas we rely on HM for.
Euan Simpson, Executive, Clydesdale Bank
We have worked with Harper Macleod and in particular Gordon Hollerin, within the Restructuring arena over many years and have covered pretty much all aspects of this type of work. We have always found this a good experience both in terms of the quality of advice and responsiveness. Gordon is a genuine expert in Restructuring work with experience gained over many years and has also built an excellent relationship over this period with both myself and my colleagues
Blair Nimmo, Partner, Head of Restructuring Scotland, KPMG LLP
Gordon Hollerin advises insolvency practitioners, creditors, financial institutions and directors on corporate restructuring mandates, liquidation processes and contentious insolvency matters.
"Gordon is vastly experienced, calm under pressure and easy to work with." "With Gordon, you get the absolute comfort that nothing is out of his sphere of ability."
Chambers UK 2021
I have worked with various partners throughout HM since its inception and have admired the firm’s remarkable growth.
I put that down to the leadership, energy and talent of the partners and staff.
A lot of the work I do is contentious and I’ve enjoyed the support of many HM partners in their specialised fields over the years. I have continued to instruct them due to their consistency and quality.
Bryan Jackson, Partner / Business Restructuring, BDO LLP
Work examples
Acting for administrators
Acting for KPMG as administrators of Pelamis Wave Power Limited, a major wave power developer, in the sale of its assets including intellectual property connected to its sea-snake wave energy device, to Wave Energy Scotland Limited, a body set up by Highlands and Islands Enterprise to support Scotland’s wave-energy sector.
Property restructuring and refinance
Acted for The Keiller Group on a restructure and refinance of a £65 million property portfolio alongside a £40 million senior debt refinance.
Corporate restructuring
Acting in the successful restructuring of a national ophthalmic business through the administration of a trading subsidiary and the transfer of certain of its retail units to a group company preserving the employment of the workforce and ensuring the continuity of patient care.
Restructuring associated with refinancing
We advised on the restructuring of a care home group in conjunction with a major refinancing exercise with the group’s lenders. Our joint restructuring, banking and corporate teams combined to ensure a complex transaction went smoothly, meeting the aims of both the borrower and lender.
Advising administrators of e-commerce business
We advised on the complex legal issues arising from the administration of a leading sales, e-commerce and online solutions business. Our knowledge of IT and IP issues, as well as e-commerce combined with our insolvency experience to make us ideally placed to deal with such a highly specialised business.
Members’ voluntary liquidation
Acting in the members’ voluntary liquidation of Glasgow 2014 Limited, the company responsible for the successful Glasgow Commonwealth Games, for which Harper Macleod were sole legal advisers.
Contact us
Call us for free on 0330 159 5555 or complete our online form below for legal advice or to arrange a call back.