Felicity Toube QC +44 (0)20 7696 9900 felicitytoube
@southsquare.com


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Practice Managers

Felicity Toube QC

Felicity Toube QC Felicity Toube QC

Felicity Toube QC

QC 2011, Called to the Bar 1995
+44 (0)20 7696 9900
felicitytoube@southsquare.com
Felicity Toube QC
QC 2011, Called to the Bar 1995

Felicity Toube QC specialises in domestic and cross-border insolvency and restructuring, banking and financial services, commercial litigation, civil fraud, and company law. Felicity appears in the Cayman Islands on a regular basis. She also acts as an expert in international proceedings in English law, as well as the law of other common law jurisdictions. She is asked to speak regularly at conferences, including at INSOL and Offshore Alert.

Felicity has acted in relation to most of the recent major corporate restructurings or insolvencies and related litigation including most recently in Saad, Madoff, Lehman, Stanford, Rastogi, Nortel, SPhinX, Sigma, Landsbanki, MF Global, and Rafidain Bank.

Felicity is widely recognised in all the legal directories as an expert in several fields. She is ranked by Legal 500 2014 as a Leading Silk for Insolvency, described as "very clear-thinking and practical, a first choice for difficult and high-value insolvency matters".

Chambers and Partners 2015 refers to her as "a gifted advocate and intelligent adviser". Other comments include:

"A strong advocate, who is very knowledgeable about insolvency law." 

"She is tremendous as she's super-bright, very user-friendly and is able to handle clients very well."

"Highly praised by instructing solicitors, who value her practical approach and exemplary work ethic. Focuses on corporate insolvency cases, many of them in European and Caribbean jurisdictions. She is extremely responsive, is very quick to grasp the issues and delivers clear and pragmatic advice."

"Typically instructed on a whole host of big-ticket commercial chancery disputes. She is very good on large-scale commercial matters and offers excellent client service. She has a sensible, no-nonsense approach and first-class technical skills."

"She is admired for the technical expertise she exhibits when handling a range of company law matters. A frequent choice for offshore work. She is an excellent lawyer who focuses on the key issues and provides sound commercial advice."

Felicity also publishes widely across all her fields of experience, including as editor and contributor to Toube on "International Asset Tracing in Insolvency" (OUP) and as a Board Member of Insolvency Intelligence. She has also recently been appointed as author of the Insolvency chapters in Dicey on Conflict of Laws.

Felicity is an ADR Group Accredited Civil & Commercial Mediator and sits on the INSOL International Mediation Panel.

AREAS OF PRACTICE

Insolvency and Restructuring

Recently instructed in a variety of administrations and liquidations, including in respect of financial institutions (Saad, Madoff, Lehman, Stanford, Nortel, SPhinX, Sigma, Landesbanki, MF Global, and Rafidain Bank). 

Recent cases include:

  • Lehman Brothers Luxembourg Investments S.A.R.L. v Lehman Brothers UK Holdings Limited (In Administration) [2016] EWHC 617 (Ch) (Construction of loan document and subordination)
  • Citicorp International Ltd v Castex Technologies Ltd [2016] EWHC 349 (Comm) (contents of notice for mandatory conversion notice)
  • Indah Kiat International Finance Co BV [2016] EWHC 246 (Ch); [2016] B.C.C. 418 (adjournment of convening meeting for scheme of arrangement – requirements for convening order)
  • Centaur Litigation SPC (In Liquidation) v Terrill [2015] EWHC 3420 (Ch) (freezing order – breach of duty by director)
  • MF Global UK Ltd (In Special Administration) [2015] EWHC 2319 (Ch) [2016] Ch. 325 (denial of section 236 order against foreign respondents)
  • Black Diamond Offshore Ltd v Fomento De Construcciones Y Contratas SA [2015] EWHC 1035 (Ch) (denial of stay of proceedings pending homologation proceedings in Spain; subsequent relief granted in favour of Black Diamond)
  • Northsea Base Investment Ltd (and 7 others) [2015] EWHC 121 (Ch) (COMI of 7 Cypriot companies in England)
  • Re Business Environment Fleet St [2014] EWHC 3540 (Ch) (powers of administrators to sell disputed assets)
  • Pricewaterhouse Coopers v Saad Investments Company Limited [2014] UKPC 35 (ability of stranger to liquidation to set aside winding-up order)
  • Singularis Holdings Limited v Pricewaterhouse Coopers [2014] UKPC 36 (extent of common law assistance in cross border insolvencies; existence of common law power to assist investigations as to assets)
  • Re ARM Asset Backed Securities (EC Regulation and Luxembourg) [2014] EWHC 1097 (Ch)
  • JSC Bank of Moscow and others v Kekhman (No: 4893 of 2012) [2014]
  • London Scottish Finance [2013] EWHC 4047 (Ch) Ch D
  • ARM Asset Backed Securities [2013] EWHC 3351 (Ch)
  • Re Tambrook [2013]
  • Re Nortel Networks NV; Re Lehman Brothers International (Europe) [2013] UKSC 52
  • Lehman Brothers Special Financing v Carlton Communications [2012] EWCA Civ 419
  • Re Nortel Bloom v The Pensions Regulator [2011] EWCA Civ 1124
  • Lehman Brothers Special Financing v Carlton Communications [2011] EWHC 718 (Ch)
  • Global Distressed Alpha Fund 1 Limited Partnership v PT Bakrie Investindo [2011] EWHC 256 (Comm)
  • Re Nortel Bloom v The Pensions Regulator [2010] EWHC 3010 (Ch)
  • Madoff Securities International v Financière Meeschaert [2010] EWHC 133 (Ch)
  • Re Lehman Brothers International (Europe) v CRC [2010] EWHC 47
  • Re Lehman Brothers International (Europe) v CRC [2009] EWHC 3228 (Ch); [2009] WLR (D) 371
  • Re Stanford International Bank [2009] EWHC 1441 (Ch)
  • Re Sigma [2009] UKSC 2
  • Re Global Trader Europe [2009] EWHC 602 (Ch)

Banking and Finance

Recently instructed in a variety of issues including the client money litigation, as well as cases arising under ISDA Master Agreements, Facility Agreements and other security documents, and issues relating to schemes of arrangement (Saad, Lehman, Stanford, SPhinX, Sigma, Landesbanki, MF Global, and Rafidain Bank).

Recent cases include:

  • Akers v Samba Financial Group [2014] EWHC 540 (Ch)
  • London Scottish Finance [2013] EWHC 4047 (Ch)
  • Lehman Brothers Special Financing v Carlton Communications [2012] EWCA Civ 419
  • Lehman Brothers Special Financing v Carlton Communications [2011] EWHC 718 (Ch)
  • Global Distressed Alpha Fund 1 Limited Partnership v PT Bakrie Investindo [2011] EWHC 256 (Comm)
  • Madoff Securities International  v Financière Meeschaert [2010] EWHC 133 (Ch)
  • Re Lehman Brothers International (Europe) v CRC [2010] EWHC 47
  • Re Lehman Brothers International (Europe) v CRC [2009] EWHC 3228 (Ch); [2009] WLR (D) 371
  • Re Stanford International Bank [2009] EWHC 1441 (Ch)
  • Re Sigma [2009] UKSC 2
  • Re Global Trader Europe [2009] EWHC 602 (Ch)

Commercial Litigation and Arbitration

Appear in ongoing major commercial litigation, and in particular civil fraud claims.

Recent commercial cases and arbitrations include:

  • RBG v Rastogi and others [2014] EWHC 2316 (Ch)
  • Akers v Samba Financial Group [2014] EWHC 540 (Ch)
  • Lehman Brothers Special Financing v Carlton Communications  [2012] EWCA Civ 419
  • Lehman Brothers Special Financing v Carlton Communications [2011] EWHC 718 (Ch)
  • Re Nortel Bloom v The Pensions Regulator [2010] EWHC 3010 (Ch)
  • Madoff Securities International v Financière Meeschaert  [2010] EWHC 133 (Ch)
  • Re Lehman Brothers International (Europe) v CRC  [2010] EWHC 47
  • Re Lehman Brothers International (Europe) v CRC [2009] WLR (D) 371
  • Re Stanford International Bank [2009] EWHC 1441 (Ch)
  • Re Sigma [2009] UKSC 2
  • Re Global Trader Europe [2009] EWHC 602 (Ch)

Company

Recently instructed in a variety of company law cases including in relation to schemes of arrangement. 

  • Scheme proponent in the Sphinx case in the Cayman Islands
  • Global Distressed Alpha Fund 1 Limited Partnership v PT Bakrie Investindo [2011] EWHC 256 (Comm)
  • Madoff Securities International v Financière Meeschaert  [2010] EWHC 133 (Ch)
  • Re Lehman Brothers International (Europe) v CRC  [2010] EWHC 47
  • Re Lehman Brothers International (Europe) v CRC  [2009] WLR (D) 371
  • Re Sigma [2009] UKSC 2
  • Re Global Trader Europe  [2009] EWHC 602 (Ch) 

Civil Fraud and Asset Recovery

Recent cases include:

  • RBG v Rastogi and others [2014] EWHC 2316 (Ch)
  • Akers v Samba Financial Group [2014] EWHC 540 (Ch)
  • Madoff
  • Stanford

International and Offshore

Felicity has appeared in the following foreign jurisdictions, the Cayman Islands (where she appears on a regular basis in the Grand Court), the BVI (including appearing in the BVI Court), Antigua, USA, EU (in particular realising property and unravelling frauds in France and Spain), Jersey, Guernsey and Isle of Man.

 

Also acts as an expert in international proceedings in English law, as well as the law of other common law jurisdictions. Currently retained in one case by the US Department of Justice as an expert on foreign law.

Recent cases include:

  • Pricewaterhouse Coopers v Saad Investments Company Limited [2014] UKPC 35 (ability of stranger to liquidation to set aside winding-up order)
  • Singularis Holdings Limited v Pricewaterhouse Coopers [2014] UKPC 36 (extent of common law assistance in cross border insolvencies; existence of common law power to assist investigations as to assets)
  • Re Saad (Bermuda, Cayman, and Saudi Arabia)
  • SPhinX liquidation (Cayman Islands)
  • Re ARM (EC Regulation and Luxembourg) [2014] EWHC 1097 (Ch)
  • Tambrook (Jersey)
  • Madoff SIPA Trustee v Harley (Cayman Islands)
  • Stanford International Bank (Antigua, Switzerland, and Canada)
  • Global Distressed Alpha Fund 1 Limited Partnership v PT Bakrie Investindo [2011] EWHC 256 (Comm) (Indonesia)

AWARDS AND RECOMMENDATIONS

Chambers & Partners 

Junior Insolvency and Corporate Restructuring Barrister of the Year 2006

"Highly praised by instructing solicitors, who value her practical approach and exemplary work ethic. Focuses on corporate insolvency cases, many of them in European and Caribbean jurisdictions. ‘She is extremely responsive, is very quick to grasp the issues and delivers clear and pragmatic advice" 
"Typically instructed on a whole host of big-ticket commercial chancery disputes. She is very good on large-scale commercial matters and offers excellent client service. She has a sensible, no-nonsense approach and first-class technical skills'"
"She is admired for the technical expertise she exhibits when handling a range of company law matters. A frequent choice for offshore work. She is an excellent lawyer who focuses on the key issues and provides sound commercial advice" 

Legal 500 "Very clear-thinking and practical, a first choice for difficult and high-value insolvency matters"

CAREER

2015  Appointed to INSOL International Mediation Panel
2015 ADR Group Accredited Civil & Commercial Mediator
2012 Called to the Bar of the Cayman Islands (on the cases of SPhinX and Harley)
2011 Appointed Queen's Counsel
1995 Called to the Bar of England and Wales
1994-1995 Taught Restitution with Prof Peter Birks from All Soul's College, Oxford

 

 

MEMBERSHIPS

Commercial Bar Association                                                                                            

Chancery Bar Association                                                                                      

International Insolvency Institute   

PUBLICATIONS

Editor of chapters on insolvency for Dicey on “The Conflict of Laws”
Editor of and contributor to International Asset Tracing in Insolvency (Toube, OUP 2009)
Board Member of Insolvency Intelligence
Contributor to Insolvency Intelligence
Editor of Totty & Moss on Insolvency case summaries
Case editor for Sweet & Maxwell Complete Insolvency Service CD Rom
Contributor to EC Regulation on Insolvency Proceedings (Moss, Fletcher and Isaacs)
Contributor to Lightman & Moss on Receivers and Administrators
Author of chapter in Rowlatt on Surety
Contributor to Halsbury’s Laws of England Volume 3(2) (fourth edition, 2002 reissue)
Co-editor of Halsbury’s Laws of England  Volume 7 (fifth edition, 2013 reissue)
Author of Restitution for Public Lawyers [1996] JR 92
Author of  Restitution under Article 85(2) EC Treaty - Can it be Done?  (F Rose)
Author of Cross-Border Security Enforcement and the Conflict of Laws (F Rose)             

LECTURES AND SEMINARS

Offshore Alert talk on Petrodel v Prest
COMBAR talk on Insolvency (2013)
INSOL talk on Criminal elements of restructuring (2013)
Offshore Alert talk on who can be sued when an offshore investment fails (2012)
Chancery Bar Association talk on EC Regulation (2008)
ERA conference on SMEs (2007)
Jordans insolvency conference (2006)
Sweet and Maxwell insolvency conference (2005 and 2006)
Hawksmere insolvency conference (2005 and 2006)
INSOL Europe Conference (2003)
Euroforum Conference on Cross-Border Security (1997) 

EDUCATION AND QUALIFICATIONS

1993-1994 Magdalen College, Oxford University, BCL, First Class
1990-1993 Magdalen College, Oxford University, BA

PRIZES AND SCHOLARSHIPS

Princess Royal Scholarship (ICSL)

INTERESTS

Charity work (Trustee of Magdalen College Development Trust, Legal Friends of the Hebrew University, New West End Synagogue, and various other deaf, homeless, and educational charities) 

Cooking, reading, cricket

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