Sarah Letson

Partner

Emailsarah.letson@dlapiper.com

Call+44 (0)7968 559 057

Edinburgh

About

Areas of FocusFinancial Services Real Estate Restructuring Retail and Fashion

EXPERIENCE

Advising a secured lender client on a consensual sale and leaseback of a borrower’s commercial premises, to achieve a reduction of term loan facilities to better position the borrower group for a refinance. Advising the client on the refinance of the remaining term loan facility and invoice finance facility, which achieved the client being repaid in full. Completion October 2023.
Advising (i) a secured lender client regarding a borrower that owned an England-based hotel, including worldwide freezing order and sanction issues restrictions; and (ii) Advising the related administrators on the trading and sale of the hotel, retaining all staff and making full payment to all creditors. Completion July 2023.
Advising Interpath as administrators of AMT Coffee on a pre-pack sale of 18 sites (across Scotland, England and Ireland) and a further sale of 6 sites (England). Completion November 2022.
Advising a secured lender client on the first Restructuring Plan in the SME space – Houst Limited. Completion July 2022.
Advising a secured lender client of an offshore borrower group that owned a Scotland-based shopping centre. Drafted and negotiated a standstill agreement incorporating terms for a consensual sale of the shopping centre to maximise the return to the secured lender. Completion February 2021.
Advising a security trustee client on the appropriation of shares in a company (within a pan European car hire and valeting group), and the onward transfer to a lender controlled newco. Completion July 2020.
Advising the administrators of a property development company where the directors procured a refinance of the indebtedness in full. The company was returned to the control of the directors, and the administrators exited pursuant to paragraph 80 of Schedule B1 of the Insolvency Act 1986. Completion February 2020.
Advising the boards of directors of approximately 200 Carillion plc subsidiaries following the liquidation of their parent companies. Project run time January 2018 – June 2018.

Languages

Education

Glasgow Graduate School of Law, 2006

Strathclyde University, Law and Spanish 1st Class Hons. 2005 (including a year spent studying Spanish law at La Universidad Pública de Navarra)

Awards