|
Insolvency, both corporate and personal, is one of chambers’
core practice areas, and many members of Chambers are regularly
involved in a wide range of disputes. Members of Chambers regularly
provide advice, advocacy and drafting in the following areas of
corporate insolvency: the new administration regime under the Enterprise
Act 2002; schemes of arrangement; international and cross-border
insolvencies (including issues arising under the EC Insolvency Regulation);
fraudulent and wrongful trading; voluntary and compulsory liquidations;
insolvent partnerships; receiverships and administrative receiverships;
transactions at an undervalue, preferences and statutory asset recovery
under section 423 of the Insolvency Act 1986. Clients include banks,
lending institutions, accountants, major companies, and bond holders.
Chambers work also includes personal insolvency. Members advise
and act for trustees in bankruptcy, supervisors/nominees in IVAs,
as well as debtors, creditors and bankrupts. Typical proceedings
include contested statutory demands, bankruptcy petitions and applications
concerning IVAs. Members of chambers are fully conversant with the
substantial changes to bankruptcy law brought in by the Enterprise
Act 2002.
Chambers’ insolvency work does not stand on its own, but
frequently dovetails with other work in insurance and reinsurance,
the Lloyds market and general company/commercial work. In particular,
members of Chambers act in company directors’ disqualification
proceedings and in public interest winding up petitions.
<-- back to Expertise
|