Advertising - Insolvency
In these uncertain and volatile times, insolvency risk remains a very real threat to those operating in the sector.
Contractual relations between client, agency and talent (or other third party supplier) are typically linear, with discrete arrangements co-existing independently. The result is often an unhappy one for agencies who tend to sit in the middle, facing exposure both up and down the supply chain in the event of counterparty insolvency.
We have significant experience of insolvency-related issues in the sector and we regularly advise on risk mitigation strategies – whether before an issue has arisen or after it becomes apparent. We are used to dealing with distressed counterparties and know how best to maximise returns where possible.
Our work frequently brings us into contact with liquidators and administrators and we help directors to avoid potential pitfalls and personal risk.