Insolvency & Restructuring

“The best set at the Bar for insolvency.” Legal 500

We are the acknowledged leaders in these two areas. Our barristers have been key figures in all the major insolvency and restructuring matters of recent years, whether in litigation or non-contentious restructuring.

Among the most recent and significant cases are PwC v Saad (assistance of foreign liquidators), Irving Picard v Primeo (assistance of foreign liquidators), Re Lehman Brothers International (Europe) (the “Waterfall Application” and “Waterfall 2”), Re Games Station (rent in administration proceedings), Re Tambrook Jersey (co-operation between courts), Bloom v Pensions Regulator (provable debts, administration expenses), BNY Corporate Trustee Services v Eurosail (test for balance sheet insolvency), Landsbanki v Heritable (Icelandic credit institutions, set-off), Rubin v Eurofinance (recognition of judgments in foreign insolvency proceedings), Belmont Park Investments v BNY Corporate Trustee Services (anti-deprivation principle), HMRC v Football League Ltd (challenge to the “football creditors rule”) and Re Lehman Brothers International (Europe) (client money).

High-value restructurings include APCOA ParkingStemcor and The Co-operative Bank.

Members of Chambers continue to be involved in large ongoing corporate insolvencies, such as Lehman Brothers, MF Global, Rangers FC and Phones 4U.

Our reputation in insolvency and restructuring is reflected in the prominent role that members play in these fields in other jurisdictions, particularly the British Virgin Islands, the Cayman Islands, Bermuda, Dubai and Hong Kong.

Our barristers write many of the leading books on insolvency and restructuring, including Cross-Border Insolvency (Sheldon, Bloomsbury); The European Insolvency Regulation (Moss, Isaacs and Fletcher, OUP); The Law of Administrators and Receivers of Companies (Lightman & Moss, Sweet & Maxwell) and Corporate Administrations and Rescue Procedures (Fletcher, Higham and Trower, Lexis Nexis). Members also contribute to Halsbury’s Laws and Totty & Moss on Insolvency.

South Square was voted Set of the Year for Insolvency & Corporate Restructuring at the Chambers UK Bar Awards 2014. 

The following members of South Square specialise in Insolvency & Restructuring:

To find out more about our members and their availability, contact our Practice Managers at practicemanagers@southsquare.com or on +44 (0)20 7696 9900.