07Flagship platform
Insolvency & Business Restructuring
Preserving Value. Restoring Confidence. Renewing Enterprise.
Downturns, disruption, governance failure and financial distress threaten even strong organisations.
Restructuring is not the management of failure. It is the preservation of value, employment, confidence and the enterprise itself.
Platform
7 of 14
Protecting & Transforming Value — Preserving enterprise value under stress, resolving what is contested, and protecting what has been created.
Practice engine
FIT
Purpose
Every enterprise experiences periods of challenge. Economic downturns, market disruption, technological change, operational failures, governance weaknesses, regulatory shifts and financial distress can threaten even the strongest organisations.
The objective of restructuring is not simply to deal with failure. It is to preserve viable businesses, protect employment, safeguard investments, maximise creditor recoveries and restore long-term commercial sustainability.
The Insolvency & Business Restructuring Advisory Platform exists to help organisations respond decisively to financial and operational distress through strategic restructuring, business recovery and enterprise renewal.
Why this matters
Periods of financial distress create significant risks for businesses, lenders, governments and investors. Decisions made during these periods often determine whether value is preserved or permanently lost.
Across Africa, enterprises face increasing pressure from:
These challenges require advisers who can balance legal rights with commercial realities, financial restructuring with operational recovery, and stakeholder interests with long-term enterprise sustainability.
The Insolvency & Business Restructuring Advisory Platform provides this integrated perspective.
- Economic volatility
- Currency fluctuations
- Rising financing costs
- Supply chain disruptions
- Governance failures
- Technological disruption
- Regulatory change
- Climate-related risks
- Market consolidation
What we do
We provide integrated strategic advisory across the full restructuring lifecycle.
Corporate Rescue
- Business rescue strategies
- Corporate rehabilitation
- Turnaround planning
- Crisis management
- Business continuity
- Enterprise stabilisation
- Independent business reviews
Insolvency Processes
- Administration
- Receivership
- Liquidation
- Schemes of arrangement
- Voluntary arrangements
- Cross-border insolvency
- Court-supervised restructuring
Financial Restructuring
- Debt restructuring
- Refinancing strategies
- Capital restructuring
- Balance sheet optimisation
- Creditor negotiations
- Distressed financing
- Working capital recovery
Operational Restructuring
- Organisational redesign
- Cost optimisation
- Asset rationalisation
- Operational efficiency
- Business model transformation
- Portfolio restructuring
- Performance improvement
Distressed Investments
- Distressed acquisitions
- Special situations investing
- Non-performing assets
- Portfolio recovery
- Asset disposals
- Investment restructuring
Stakeholder Advisory
- Boards
- Shareholders
- Creditors
- Lenders
- Governments
- Regulators
- Employees
- Investors
Signature solutions
Defined pieces of work that address the needs this platform meets most often. Each can be scoped and commissioned on its own.
Enterprise Recovery Programme
Stabilisation and implementation for a distressed business: immediate control measures, a creditor strategy, a restructuring plan and the governance to execute it — run by practitioners who have held the operator's seat, not only advised from beside it.
Independent Business Review
An objective evaluation of financial position, operational performance, governance and strategic options, written for the board, the lender or the investor who must now make a decision — with a recommendation, and the reasoning that supports it on the record.
State-Owned Enterprise Transformation
Restructuring, commercialising and strengthening a public enterprise: governance reform, financial restructuring, operational improvement and the constitutional and administrative discipline that public ownership demands at every step.
INSOL International Fellowship, awarded on completion of the Global Insolvency Practice Course, is held by only a handful of practitioners in Uganda. Two of them are Ligomarc partners.
How we deliver
- Early warning assessment and diagnosis
- Financial and operational review
- Stakeholder engagement and alignment
- Development of restructuring options
- Negotiation and implementation
- Performance monitoring
- Enterprise renewal and long-term resilience
Representative mandates
- Advising lenders on complex debt restructurings
- Supporting the rescue of strategically significant enterprises
- Advising governments on the restructuring of state-owned enterprises
- Acting in court-supervised restructuring and insolvency processes
- Advising investors on distressed acquisitions
- Supporting boards during corporate crises
- Developing enterprise turnaround strategies
Illustrative. Client names and commercial details are withheld where confidentiality obligations apply.
Why Ligomarc
Restructuring is about more than managing distress---it is about preserving institutions, protecting value and creating credible pathways to recovery.
Ligomarc combines expertise in finance, disputes, tax, employment, governance, infrastructure, technology and public policy to deliver integrated restructuring solutions. We work alongside boards, lenders, governments, investors and management teams to stabilise organisations, resolve complex challenges and restore confidence.
Our multidisciplinary approach enables clients to move beyond crisis management towards sustainable recovery and renewed growth.
Strategic Note for the Next Chapter
The next Platform---Special Situations Advisory---should be positioned as Ligomarc's most distinctive offering. Unlike restructuring, which focuses on financial distress, Special Situations will address exceptional, high-stakes and institutionally significant mandates that demand strategic judgement, multidisciplinary coordination and trusted leadership. It should become the Platform for the kinds of complex public and private engagements that define Ligomarc's reputation.
Institutional Experience Applied. This Platform rests on the fullest expression of our stewardship experience: three years operating Uganda’s largest corporate administration under court supervision, described in Chapter 2. Creditor adjudication, asset verification, workforce and union management, licence maintenance, forensic review of prior management, investor search, court reporting and governance handover were all conducted in practice, not advised on in principle.
Platform leadership
Regional & continental frameworks
National insolvency legislation and rules across the region; the UNCITRAL Model Law on Cross-Border Insolvency; the OHADA Uniform Act on Collective Proceedings for the Francophone jurisdictions; the World Bank Principles for Effective Insolvency and Creditor/Debtor Regimes; EAC and COMESA company law harmonisation initiatives; the constitutional guarantees of property, fair hearing and access to court that constrain every enforcement step.
Contribution to the African Purposes
Supports African Family Businesses by keeping enterprises alive through distress rather than liquidating a generation of accumulated capital. Advances African Institutional Stewardship through the rescue and restructuring of state-owned enterprises and regulated entities. Advances African Continental Integration through coordinated cross-border proceedings.
Selected experience
All experience →Financial institutions
Various
Receivership and liquidation litigation for lenders
Secured lenders needed to enforce against defaulting borrowers in contested proceedings where recovery depended on whether the security had been properly perfected years earlier.
- Enforcement
- Insolvency
- Banking
Public asset and claims institution
Reported
Resolution and orderly closure of a public institution's legacy claims
A public institution holding complex legacy assets, records and litigation needed a resolution and dissolution architecture capable of closing out claims in a way that would not reopen them.
- Restructuring
- Government
- Special Situations
Strategic national digital infrastructure
2020–2022
Court-supervised administration of Uganda Telecom Limited
A strategic national telecommunications asset had failed, with creditors including a development finance institution, employees and the state all holding competing claims, and no operating stability from which to negotiate any of them.
- Special Situations
- Restructuring
- Government
Who we serve with this
Related insights
- Divergent rescue cultures across East Africa
Rita Birungi Baguma ·
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