The High Court has convened meetings for four separate classes of creditors to consider the proposed restructuring of a group of three failing companies. The case involved Deepocean 1 UK Ltd, which comprised of three companies providing sub-sea services. The group had underperformed for several years due to uneconomical charter rates, large and complex projects,
Jon joined Machins in 1996 as a trainee solicitor, qualifying as a solicitor in 1998 and becoming a partner in 2004.
Approach to work
Jon’s approach is to try and work as closely as he can with clients with the aim of being seen as their in-house legal advisor.
Jon regularly advises a large portfolio of clients including high net worth individuals and their associated businesses and investments. He specialises in corporate and commercial law with particular expertise in mergers and acquisitions and disposals, corporate insolvency, solvent reconstruction and distressed sales, corporate governance, corporate finance, private equity investment and IT related contracts.
“As the firm’s finance partner I have developed a detailed understanding of how accounts work and use this in my legal work for clients as it adds an extra dimension to the legal advice that I’m able to provide.”
Specialist practice areas
- Mergers and acquisitions
- Distressed sales and purchases (including acting on behalf of liquidators, administrators and receivers)
- Corporate governance
- Commercial property (acting for banks, landlords, tenants, sellers and buyers)
TestimonialsWe were recommended to Machins by our accountants. We used their services for the sale of our business. They acted very professionally with great attention to detail.
Latest news by Jon Alvarez
A director has been ordered to repay more than £188,000 after his business went into liquidation. Michael Edward Belcher was the sole director of BM Electrical Solutions Ltd. The company had filed one set of accounts for the period to 31 January 2012. These disclosed a net asset position of £6,465, of which the profit
A contractor has won its claim for immediate payment of £85,000 that was awarded following a dispute over work it had carried out for a developer. The case involved Granada Architectural Glazing Ltd and RGB P&C Ltd (2019). RGB had appointed Granada to carry out the design, supply and installation of curtain walling, windows and
Tesco has been refused permission to withdraw an admission it made after being accused of overstating its expected level of profit. The admission related to an allegation that its trading statement made in August 2014 was untrue and/or misleading in that it misstated the level of trading profit expected to be achieved for the first
A marketing company has been awarded £150,000 following a contract dispute with a Formula One racing team. The case involved Amp Advisory & Management Partners A.G. and Force India Formula One Team Ltd (In Liquidation) (2019). The issue arose after Force India announced a sponsorship deal with an Austrian company in March 2017. Amp had
A company has been fined a record £7.8m by HMRC after breaching money laundering regulations. An investigation by HMRC officials found that West London money transmitter Touma Foreign Exchange Ltd had failed in several ways to carry out its duties under the Money Laundering Regulations. These failures included: risk assessments and associated record-keeping policies, controls