The current unstable nature of the World economy has thrown a spotlight onto insolvency and corporate reconstruction. 4 Stone Buildings enjoys an enviable reputation in these fields, not just for the high quality of its insolvency work, but also for its comprehensive coverage of all aspects of the field.
This reputation is solidly based on many years’ experience, stretching back to cases such as Maxwell, BCCI and British & Commonwealth, and continuing to the present day with a series of high-profile cases, such as Lehmans, Powerhouse, Ballast, OBG v Allan, Swissport and the Madoff and Icelandic Bank collapses.
Chambers’ reputation also reflects our involvement not just in domestic cases but also in substantial international insolvencies, such as Enron, Yukos, Transocean and Elektrim.
In addition, we have enjoyed a long tradition of advising and representing the Government on insolvency matters. Many juniors in Chambers are on the Attorney General’s Panels, and many of the senior members of Chambers held similar appointments before they took Silk. As a result, we offer expertise both on the side of the regulator and of the regulated, and have a strong insight into the public law perspective.
We also specialise in directors’ disqualification cases, having been involved in a string of significant CDDA cases over the years, stretching from Polly Peck to Barings and Trans Tec Plc.
It is a frequent feature of insolvency cases, regardless of their size, that they often throw up complex points of law in a wide range of disciplines including trusts, fraud, contract and company law. Members of chambers across all levels of call have a expertise in these areas and are equally comfortable advising or litigating in these areas of law. We are therefore able to offer a seamless service in cases which may be difficult to classify.
We are ranked by both Chambers UK and the Legal 500 in relation to insolvency, as are 5 out of our 6 silks. One member of Chambers was co-founder of the Personal Insolvency Litigation Advice and Representation Scheme (PILARS), which provides pro bono services in relation to personal insolvency.