Adam Al-Attar +44 (0)20 7696 9900 adamalattar


Practice Managers

Adam Al-Attar

Adam Al-Attar Adam Al-Attar

Adam Al-Attar

Called to the Bar 2007
+44 (0)20 7696 9900
Adam Al-Attar
Called to the Bar 2007

Adam specialises in insolvency and restructuring, banking and financial services, and the law of trusts.

Adam has had substantial experience of bank and fund insolvencies. He has acted in relation to the insolvencies of Lehman Brothers, MF Global and Madoff feeder funds. His current work includes the restructuring of The Co-Operative Bank.

In 2013, Adam was listed as "highly regarded" in Legal Week's Stars at the Bar. He is recommended by Chambers and Partners for Insolvency and Restructuring "on the basis of his excellent reputation amongst peers and clients." He is "bright and hard-working" and "willing to give his view and provides a fast turnaround of work."

In 2014, Adam received the Chambers & Partners Insolvency and Restructuring Junior of the Year Award. 


Insolvency and Restructuring


Recent cases of note include:

  • Lehman Brothers International Europe, acted for and advised various counterparties including in relation to subordinated debt and statutory interest; acted for the administrators on discrete issues including third party set-off; acted for GLG in relation to client money issues; currently acting for Wentworth in relation to the Waterfall II application to distribute the surplus in the estate
  • MF Global, retained to advise the special administrators including in relation to the close-out of exchange traded and OTC derivatives, the transfer of open positions, the settlement of DVP trades, and the operation of clearing house and exchange default rules
  • Primeo, retained by the joint official liquidators of Primeo Fund in relation to the trial of preliminary issues on the Madoff trustee’s claim for relief under US and Cayman Islands insolvency law to set aside antecedent transactions: Picard v Primeo Fund, Cause FSD 275 of 2010, 14 May 2013.  The Cayman Court of Appeal ad hand down judgment on part of the appeal in April 2014: CICA 1/2013 and 2/2013

Other cases include:

  • Rollings v O’Connell [2014] EWCA Civ 639, first consideration by an appellate court of the power under paragraph 71 of Schedule B1 to override the consent of a fixed charge-holder
  • AIB Group (UK) v St John Spencer [2012] EWHC 2317 (Ch), contested application to appoint an administrator under paragraph 35 of Schedule B1
  • Rawlinson & Hunter Trustees v Kaupthing Bank [2011] 2 BCLC 682, jurisdictional challenge under the Credit Institutions Winding Up Regulations to a claim by Kaupthing in the Commercial Court
  • Byers v Yacht Bull Corporation [2010] 2 BCLC 169, jurisdictional challenge to a tracing claim to assets in France asserted by the liquidator of Madoff’s UK company


Recent cases include Punch Taverns, Cattles, FU JI Food & Catering Holdings, The Co-operative Bank and LDK Solar.

Contested restructurings include:

  • Re Bluebrook [2010] 1 BCLC 338, which sets out the proper approach to the valuation of distressed company debt
  • Re Maltby Investments [2012] EWHC 4 (Ch), in which the court rejected Terra Firma’s application for pre-action disclosure of valuations relied on for the pre-pack sale of EMI
  • Drydocks Dubai LLC v Monarch Master Funding, in which the Dubai entities obtained injunctive relief in support of CVAs sanctioned under Dubai law
  • The Co-Operative Bank [2013] EWHC 4074 (Ch), a scheme of arrangement to recapitalise a bank which had failed its capital requirement tests and was threatened with resolution by the PRA

Bankruptcy and Personal Insolvency

Recent cases include:

  • Davis v Price [2014] BPIR 494, CA, an appeal which considered the “cut off” date for IVA claims
  • Smith-Evans v Smailes [2013] EWHC 3199 (Ch), an appeal in which the court held that the failure to obtain a debtor’s consent to a modification did not render an IVA a nullity

Banking and Finance


  • Advised a syndicate of UK banks in 2013 in relation to the measures taken by Cyprus with respect to Laiki and Bank of Cyprus 
  • Acting for Nomura International plc in 2013 in relation to claims by and against Banca Monte dei Paschi di Siena in Italy and the UK
  • Acted for Lehman Brothers in 2012 on a claim which called into question the scope of cross-affiliate set-off under the ISDA Master Agreement (1992, 2002) and of bilateral set-off under GMRAs, OLSAs and GMSLAs
  • Retained by Lehman Brothers in relation to a claim for USid="mce_marker"50m for damages for alleged fraudulent misrepresentations in relation to a series of CDOs
  • Retained by Barclays Bank in relation to the LIBOR litigation
  • Retained by the special administrators of Hartmann Capital 

Financial Services

Client Money:

  • MF Global UK Ltd (Client Money Resolution Application), application by client money trustee to sanction compromise including claims for breach trust to enable closure of trust fund
  • MF Global UK Ltd (Client Money Distribution Application) [2013] EWHC 1655 (Ch), application by client money trustee to distribute client money on assumed facts in the light of unknown claims
  • MF Global UK Ltd (Shortfall Application) [2014] 1 BCLC 91, acted for the administrators of MF Global on their application to consider the extent of clients’ shortfall claims against the general estate resulting from a breach of the client money trust
  • MF Global UK Ltd (Hindsight Application) [2013] EWHC 92 (Ch), acted for the administrators of MF Global on their application to determine the scope of the hindsight principle
  • Re Lehman Brothers International (Europe) (No 2) [2012] 1 BCLC 487 (SC); [2011] 2 BCLC 184 (CA); [2010] 2 BCLC 301, acting for GLG on behalf of segregated clients at all levels of the Lehman Brothers client money litigation under CASS 7
  • Re Global Trader Europe Ltd [2009] 2 BCLC 18

Client Assets:

Acting for the special administrators of MF Global in relation to the 30.7 litigation, which considered, amongst other things, the efficacy of title transfer arrangements in a claim for US$600m of US treasury bills. 

International and Offshore

Has experience in the following jurisdictions: the BVI, the Cayman Islands, Hong Kong, the Isle of Man, Dominica, St Kitts and Nevis, Anguilla and Dubai.

Appeared before the Dubai World Tribunal in 2013.

Trusts and Property

Acting in relation to a claim against a Guernsey trustee and fund administrator, which will likely test the scope of a trustee’s indemnity and immunity from liability under the Guernsey Trust Law.


Chambers & Partners

Insolvency and Restructuring Junior of the Year 2014 

Recommended for Insolvency and Restructuring "on the basis of his excellent reputation amongst peers and clients." He "has enviable experience of acting in major banking and fund insolvencies" and is "highly praised for his advocacy and the robustness of his advice." He is "intelligent, very easy to work with and incredibly helpful" and "provides a fast turnaround of work."

Legal Week Listed as "highly regarded" in Legal Week's Stars at the Bar 2013


2011 Called to the Bar of the British Virgin Islands
2007 Called to the Bar of England and Wales


Contributor to Company Directors: Duties, Liabilities and Remedies (second edition, OUP, 2013)
Contributor to European Debt Restructuring Handbook (first edition, Global Business Law, 2013)
Contributor to Cross-Border Insolvency (fourth edition, Bloomsbury, 2015) 
Contributor to Rowlatt on Principal and Surety (sixth edition, Sweet and Maxwell, 2011)
Contributor to The Law and Practice of Restructuring in the UK and US (first edition, OUP, 2011)


2006 Oxford University, BCL
2005 Oxford University, BA Jurisprudence

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