Ryan Perkins +44 (0)20 7696 9900 ryanperkins
@southsquare.com




Practice Managers

Ryan Perkins

Ryan Perkins Ryan Perkins

Ryan Perkins

Called to the Bar 2014
+44 (0)20 7696 9900
ryanperkins@southsquare.com
Ryan Perkins
Called to the Bar 2014

Ryan joined South Square as a tenant in October 2015. Ryan has experience in all of Chambers’ core practice areas, including domestic and cross-border insolvency, banking and finance, commercial litigation, company law and offshore work.

In recent months, Ryan has been instructed in the following cases (among others):

  • Centaur Litigation SPC v Terrill [2015] EWHC 3420 (Ch) – freezing injunctions, cross-border assistance under IA86 section 426, civil fraud (with Felicity Toube QC)
  • Edgeworth Capital Luxembourg SARL v Maud [2015] EWHC 3464 (Comm) – foreign law, cross-border insolvency, guarantees (with William Willson and Mark Phillips QC)
  • Re China Shanshui Cement Group Ltd (decision of the Grand Court of the Cayman Islands, 25 November 2015) – provisional liquidation, restructuring (with Jeremy Goldring QC)
  • Re Angel Group Ltd [2015] EWHC 3624 – administration, conflict liquidators, discharge (with Richard Fisher)
  • Re Codere Finance (UK) Ltd [2015] EWHC 3778 (Ch) – schemes of arrangement, sufficient connection, forum shopping (with David Allison QC)
  • Re Indah Kiat International Finance Company BV [2016] EWHC 246 (Ch) – schemes of arrangement, convening hearings, explanatory statements (with Felicity Toube QC)

In May 2016, Ryan was appointed as specialist legal adviser (together with Gabriel Moss QC and Hannah Thornley) to the Work and Pensions and Business Innovation and Skills House of Commons Select Committees in relation to the BHS inquiry.

During his pupillage, Ryan assisted in a number of significant cases, in all tribunals up to the Supreme Court - including the Lehman Brothers Waterfall II application, the Madoff fraud (Primeo Fund v HSBC), derivatives litigation arising from the insolvency of Landsbanki and other Icelandic credit institutions, the Saad litigation in the Cayman Islands, and transactional work on a securitisation programme originated by Northern Rock.
 
Ryan was recently selected as a contributor to the forthcoming editions and supplements of Dicey, Morris & Collins on the Conflict of Laws, and has written for several other practitioners' textbooks and journals on cross-border insolvency and structured finance. Ryan enjoys technical work, and has a close familiarity with most forms of derivatives (OTC and exchange-traded), syndicated lending structures, securitisation programmes, dematerialised securities and collective investment schemes. 

AREAS OF PRACTICE

Ryan has experience of the practice and procedure in the County Court, the High Court (including the Chancery Division/Companies Court and the Commercial Court), the Court of Appeal and the Supreme Court. During his pupillage, Ryan assisted on the cases described below. 

Insolvency and Restructuring

  • Re Lehman Brothers International Europe [2015] EWHC 2269 & 2270 (Ch) ("Waterfall II") - distribution of the £7bn surplus in LBIE's estate (assisting Richard Fisher and Robin Dicker QC)
  • Re Olympic Airlines SA [2015] 1 WLR 2399 - the leading Supreme Court case on the definition of "establishment" in the EC Insolvency Regulation (assisting Marcus Haywood and Gabriel Moss QC)
  • Re MF Global (UK) Ltd [2015] EWHC 2319 (Ch) - contested extra-territorial application for a private examination under section 236 of the IA86 (assisting Felicity Toube QC)
  • Torm A/S - restructuring of a global shipping group, involving a debt-for-equity swap and numerous intercreditor issues (assisting Daniel Bayfield)
  • Equity Trading Systems Ltd - several trials in the Chancery Division of applications under section 238 of the IA86, relating to the proceeds of a £100m fraud (assisting William Willson)
  • Dynamic Oil Trading (Singapore) Pte Ltd - drafted advice for the liquidators (assisting Robin Dicker QC)
  • Drafted advice on a multilateral set-off clause in a facility agreement (assisting Felicity Toube QC)
  • Drafted particulars of claim in a complex application for the recovery of unlawful dividends (assisting Antony Zacaroli QC and William Willson)
  • Drafted advice on statutory assignments under the Third Parties (Rights Against Insurers) Act 1930 (assisting Stephen Robins)
  • Drafted advice and skeleton arguments for two applications under paragraphs 79 and 84 of the IA86 (assisting Richard Fisher)
  • Assisted on several applications under the Cross-Border Insolvency Regulations 2006 (with Stephen Robins and others)
  • Drafted two opinions on the territorial ambit of the Financial Collateral Arrangements Regulations (assisting Stephen Robins, Peter Arden QC and Lloyd Tamlyn)
  • Drafted advice on section 236 of the IA86 in the context of VAT carousel fraud (assisting Antony Zacaroli QC)

Banking and Finance

  • Tael One Partners Ltd v Morgan Stanley & Co International plc [2015] UKSC 12 - construction of the LMA standard terms and conditions for the transfer of participations in syndicated loan facilities, before the Supreme Court (assisting Tom Smith QC and David Wolfson QC)
  • BNY Mellon Corporate Trustee Services Ltd v LBG Capital No. 1 plc [2015] EWHC 1560 (Ch) - construction of the redemption provisions in £3.3bn of enhanced capital notes issued by subsidiaries of the Lloyds Banking Group (assisting Stephen Robins)
  • LBI hf v Rabobank International (settled shortly before trial) - construction and enforceability of the close-out provisions in the ISDA Master Agreement, in the context of the Credit Institutions (Reorganisation and Winding-Up) Directive (assisting David Allison QC and Antony Zacaroli QC)
  • NRAM plc - drafted advice on the government's proposed disposal of its interest in a securitisation master trust originated by Northern Rock (assisting William Trower QC)
  • Drafted advice on the effect of CASS 7 and 7A for the special administrators of a retail forex broker (assisting Martin Pascoe QC)
  • Drafted advice on the priorities of liens and charges against equipment installed on a offshore service vessel (assisting Stephen Robins)
  • Drafted particulars of claim for breach of a sub-participation agreement (with Tom Smith QC)
  • Drafted advice on numerous other matters relating to the ISDA Master Agreement (including the specialist definitions for credit derivatives, equity derivatives and currency derivatives), the GMRA (repos), the GMSLA (stock loans) and the FEOMA (forex) 

Commercial Litigation and Arbitration

  • Edgeworth Capital (Luxembourg) SARL v Ramblas Investments BV [2015] EWHC 150 (Comm) - successful claim to recover a fee of US$105m under finance documents relating to the "Ciudad Financiera", the largest commercial property in Europe (assisting William Willson on the appeal)
  • Maud v Aabar Block SARL & Tchenguiz - defence of a pending claim in the Commercial Court against the sovereign wealth fund of Abu Dhabi and Mr Robert Tchenguiz, alleging intimidation and other economic torts (assisting William Willson and Mark Phillips QC)  
  • Avonwick Holdings Ltd v Webinvest Ltd [2014] EWHC 3661 (Ch) - week-long trial to recover US$100m from a company owned by Mr Mikhail Shlosberg, a Russian businessman (assisting Tom Smith QC and Steven Berry QC)
  • Liquidators of Homedon Ltd v Deakin [2015] EWHC 1614 (Ch) - successful application to discharge a freezing injunction (assisting Stephen Robins)

Company

  • Tempo Group Ltd v Fortuna Development Corporation (2015) - Cayman shareholder dispute, raising numerous issues in the law of company meetings (assisting Richard Fisher and Richard Hacker QC)
  • Drafted advice on drag-along and tag-along provisions in a shareholders' agreement and articles of association (assisting Stephen Robins)
  • Drafted an unfair prejudice petition based on dishonest misappropriation of corporate opportunities (assisting Adam Al-Attar)
  • Drafted advice on derivative actions in the context of insolvency proceedings (assisting David Allison QC)

International and Offshore

  • Primeo Fund v HSBC - pending US$1bn Cayman claim by a Madoff feeder fund against the fund's custodian - assisted in drafting the Re-Re-Amended Statement of Claim (with Richard Fisher)
  • Saad Investments - defence of a multi-billion dollar claim in the Cayman Islands for (inter alia) conspiracy, dishonest assistance and knowing receipt (produced several research notes for Marcus Haywood and Michael Crystal QC)  
  • Settled four witness statements in litigation against corporate trustees in Guernsey (assisting Adam Al-Attar)

PUBLICATIONS

Books

Appointed as a contributor to the forthcoming editions of Dicey, Morris & Collins on the Conflict of Laws
Contributor to Moss, Fletcher & Isaacs, The EC Regulation on Insolvency Proceedings (3rd edition, forthcoming)
Contributor to Lightman & Moss, The Law of Administrators and Receivers of Companies (5th edition, 3rd supplement)

Articles

Unitranche finance: the impact of Apcoa (forthcoming in JIBFL, with William Trower QC)
The Apcoa schemes of arrangement: class composition and new obligations (2015) 2 CRI 51 (with Daniel Bayfield)
NML v Argentina: a cross-border conundrum for securities intermediaries (2014) 8 JIBFL 545
Case note on Goldman Sachs International v Novo Banco SA [2015] EWHC 2371 (Comm) (forthcoming in International Corporate Rescue)
Case note on Tchenguiz v Grant Thornton UK LLP [2015] EWHC 1864 (Comm) (forthcoming in International Corporate Rescue)

EDUCATION AND QUALIFICATIONS

2014 Called to the Bar (Gray's Inn)
2012-2013 City University, GDL (Distinction)
2010-2012 University of Oxford (University College), BPhil Philosophy (Distinction)
2007-2010 University of Warwick, BA (Hons) Philosophy (First Class)
2005-2007 Purcell School of Music

PRIZES AND SCHOLARSHIPS

  • BACFI Commercial Law Prize (for achieving the top mark in commercial law on the BPTC)
  • Bedingfield Scholarship, Gray's Inn
  • David Karmel Award, Gray's Inn
  • First Prize, 10th Anniversary Maitland Advocacy Competition
  • Winner, Inter-Inns Debating Competition 2014
  • AHRC Master's Award, University of Oxford (full scholarship)
  • Undergraduate Research Scholarship, University of Warwick
  • Music and Dance Scholarship, Purcell School

Prior to joining the Bar, Ryan read philosophy at Warwick and Oxford. As an undergraduate, he achieved the highest overall mark ever awarded in Warwick's philosophy BA. As a postgraduate, he was selected to speak at conferences hosted by Harvard, MIT, Princeton, NYU, Columbia and Cambridge. He is the author of Representationalism and the Problem of Vagueness (2013) Philosophical Studies 162(1): 71-86.

INTERESTS

Music, logic, Bitcoin and other cryptocurrencies 

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