Insolvency and restructuring

Enron

South Square is generally regarded as the leading insolvency and restructuring set of Chambers in the United Kingdom and as having the highest concentration of such knowledge and expertise in the common law world.

Members of Chambers have been involved in every major domestic corporate insolvency and restructuring in the past 25 years and numerous international insolvencies and restructurings including: Lehman Brothers, Landsbanki hf, Kaupthing hf, Northern Rock, Woolworths, Federal Mogul/T&N, Enron, Metronet, Equitable Life, Prudential, Equitas, Courts Plc, XL Leisure Group, MyTravel, Cape, British Energy, TXU, Marconi, MG Rover, Cammell Laird, Barings, Daewoo, TVR, Railtrack, Maxwell , BCCI, Olympia & York and numerous solvent and insolvent schemes of arrangement.

stock market down

Recently members of Chambers have been involved in advising in relation to and appearing in court proceedings involving the insolvencies of structured investment vehicles such as Cheyne, Whistlejacket, Goldenkey, Sigma, Orion, Mainsail and Rhinebridge. At South Square we also have expertise in dealing with cross-border issues and members of Chambers have been involved in the leading cases in this field, including Collins & Aikman, Schefenacker, Parmalat and HIH.

Corporate financial collapse and personal bankruptcy often exposes malpractice and misfeasance. As a consequence, members of Chambers have developed considerable expertise in proceedings which often follow in the aftermath of insolvency including litigation involving civil and commercial fraud, asset recovery and professional negligence.

Members of Chambers also regularly advise and assist the UK Government, foreign governments and regulatory authorities on the reform and development of insolvency law.

flight cancellations

Members of Chambers are experienced in the following fields:

  • Administration.
  • Liquidation.
  • Schemes of arrangement (both solvent and insolvent).
  • Company voluntary arrangements.
  • Personal bankruptcy.
  • Individual voluntary arrangements.
  • International and cross-border insolvency.
  • Partnership insolvency.
  • Receiverships.
  • Tracing and asset recovery.
  • Transactions at an undervalue and preferences.
  • Transactions defrauding creditors.
  • Insurance company portfolio transfers under Part VII of the Financial Services and Markets Act 2000.