Banking & Insolvency

Clarke Willmott LLP's Agriculture team has a long history of working alongside the banks and other financial institutions, which lend to the agriculture industry.

We advise banks in the taking of security and with our specialist expertise in agricultural quotas and subsidies, we are able to handle and draft novel forms of security over assets, such as entitlements under the single payment scheme, whenever new opportunities arise. We also advise on the enforcement of security, including receiverships. Specifically, we act for RBS undertaking formal security reviews and advising on how to strengthen and enforce security.

We act for farming businesses in granting security to lenders over their farming assets, whether in the context of a farm purchase, business reorganisation or re-mortgaging. Assets which can be used as security include land, live and dead stock, quotas, entitlements and subsidy payments.   

If farming businesses get into difficulties, we have extensive experience of advising on appropriate strategy, whether that is to achieve refinancing, restructuring, turnaround or formal insolvency (whether personal or corporate). If problems are identified and addressed early, then a business will give itself the best possible chance of avoiding formal insolvency and/ or maximizing the potential for the underlying business to continue and to minimize any loss for creditors. It is our breadth of experience which enables us to be creative, when coming up with solutions, to give businesses the greatest chance of survival in the long term.

For further details please see the Restructuring and Insolvency section of the website.

Contact: Philip Winterborne