Zara McGlone

Zara McGlone

Call 2016

Overview

Zara practises across the full range of work undertaken by Chambers, including: insolvency, company law, commercial litigation and arbitration, civil fraud, banking and financial services, and actions under the Proceeds of Crime Act 2002 (POCA).

She is ranked in the Legal 500 as a Rising Star in Tier 1 in Company Law and in Insolvency Law, and by Chambers and Partners as an ‘Up and Coming’ Junior in Company Law. She is also ranked in the Legal 500: EMEA as a Leading Junior in Tier 2 in the Middle East: the English Bar/Commercial.

Zara regularly appears as both sole and junior counsel in the High Court, and has cross-examination experience. As a member of the Attorney General’s ‘C’ Panel of Counsel, she also undertakes civil work for the UK Government. In addition to her UK-based work, Zara is also a registered Part II practitioner in the DIFC Courts, and regularly acts in matters in the DIFC and ADGM.

Notable work includes:

  • Union Bank of India v Velocity LLC and Ors [2020] DIFC CFI 025 (handed down in July 2023): sole counsel for the successful Sixth-Eighth Defendants in the ten-day trial of a claim for US $2.5 million in the DIFC Court of First Instance;
  • Re Compound Photonics Group Limited [2021] EWHC 787 (Ch): led by Andreas Gledhill KC in the four-week liability trial of a s.994 unfair prejudice petition, and in the successful appeal of that decision ([2022] EWCA Civ 271 (Ch));
  • Autonomy v Lynch [2022] EWHC 1178 (Ch): led by Richard Hill KC and Sharif Shivji KC in the 93-day trial of a US$5 billion claim under FSMA 2000, arising out of the acquisition of Autonomy by Hewlett Packard in 2011.

Before coming to the Bar, Zara read Classics and Modern Languages at the University of Oxford, spending her year abroad in Paris. After her degree, she spent time living and working in Kazakhstan and Hong Kong. She has maintained her interest in both jurisdictions: she has rights of audience in the AIFC Court in Kazakhstan and was awarded the 2018 Inner Temple Pegasus Scholarship to Hong Kong.

Areas of expertise

  • Banking & Finance

    Zara has been instructed both as sole counsel and as part of a team in various banking and finance disputes. These include:

    • Acting as sole counsel for the successful sixth to eighth defendants in Union Bank of India v Velocity LLC and Ors (2022), a claim for $2.5 million brought by the claimant bank in the DIFC Court.
    • Advising a global bank on, inter alia, its Quincecare duty of care, led by Jonathan Crow KC;
    • Oscar Trustee Limited v MBS Software Solutions Limited BVIHC (COM) 2021/0022: led by Sharif Shivji QC in a dispute concerning the ISDA Master Agreement;
    • Drafting pre-action correspondence and statements of case in claims regarding the mis-selling of investment products;
    • Assisting in relation to the insolvency of a bank in the MENA region;
    • Assisting the Independent Third Party addressing complaints from SME customers of RBS’ Global Restructuring Group during and following the 2008 financial crisis.
    • Robert Tchenguiz & Ors v Grant Thornton UK LLP & Ors: assisting in relation to the Commercial Court proceedings in the multi-billion pound dispute arising out of the Claimants’ financing arrangements with a major Icelandic bank.
  • Commercial Dispute Resolution

    Much of Zara’s practice concerns commercial disputes between businesses large and small in a range of different sectors. Recent work in this area includes:

    • Acting, led by George Bompas KC and Donald Lilly, in an international arbitration under the LCIA Rules of a dispute relating to a loan agreement, with a value of over US$77 million
    • Acting as sole counsel in disputes concerning: the sale of advertising space in a national football league; property development projects; royalties for historic music recordings; and the sale and purchase of titanium sheets.
  • Company Law

    Zara regularly advises on and acts in a wide range of company and partnership law matters, particularly concerning shareholder disputes. She is ranked as a ‘Rising Star’ in this area by the Legal 500, and as an ‘Up and Coming’ junior in this area by Chambers & Partners. Recent instructions include:

    • Re Compound Photonics Group Ltd [2021] EWHC 787 (Ch): led by Andreas Gledhill QC (of Blackstone Chambers) and Donald Lilly in the four-week trial of an unfair prejudice petition brought against the majority shareholders in an electronic display company, and assisting in relation to the successful appeal, which clarified the content of the contractual duty of good faith ([2022] EWCA Civ 271 (Ch));
    • Led by Nigel Dougherty of Erskine Chambers, acting for the petitioner in an unfair prejudice petition brought in respect of a PPI claims management company pursuant to s994 Companies Act 2006;
    • Led by Gregory Denton-Cox, acting for the petitioner in a s994 unfair prejudice petition brought in respect of an ethical clothing company;
    • Led by Jeffrey Gruder QC, advising on a shareholder dispute in a financial services start-up company;
    • Acting as sole counsel for both petitioners and respondents in a number of unfair prejudice petitions;
    • Acting as sole counsel in a number of company applications, including for the rectification of the Companies Register, for extensions of time to register charges at Companies House, and for the restorations of companies to the Companies Register.
  • Fraud: Civil

    Zara has been involved in a number of cases concerning fraud, and is thus familiar with the issues which often arise in such claims, as well as applications for interim relief (including freezing injunctions). Recent experience includes:

    • ACL Netherlands BV (and Ors) v Lynch and Anor [2022] EWHC 1178: led by Robert Miles QC, Richard Hill QC and Sharif Shivji QC in the 93-day trial of a US$5 billion claim involving allegations of fraud, arising out of the acquisition of Autonomy by Hewlett Packard in 2011;
    • Robert Tchenguiz & Ors v Grant Thornton UK LLP & Ors: assisting in relation to the Commercial Court proceedings in the multi-billion-pound dispute arising out of the Claimants’ financing arrangements with a major Icelandic bank;
    • As sole counsel, acting in claims in deceit, breach of fiduciary duty, dishonest assistance and knowing receipt;
    • As sole counsel, successfully obtaining continuing freezing injunctions.
  • Insolvency & Restructuring

    Zara is regularly instructed on behalf of both creditors and debtors in both personal and corporate insolvency matters arising under the Insolvency Act 1986 and the Insolvency Rules 2016. She is also a contributor to Loose and Griffiths on Liquidators (9th Ed.) (2019), and has been published in the Journal of International Banking and Finance Law on the restructuring related decision in Oceanfill v Nuffield Health [2022] EWHC 2178 (Ch). Zara is recognised by the Legal 500 as a ‘Rising Star’ in this area. Her work includes:

    • Acting as sole counsel in a misfeasance claim against the former director of an insolvent company;
    • Acting as sole counsel in an application to set aside a statutory demand for £5 million;
    • Acting as sole counsel for the joint administrators of the Oasis and Warehouse retail group in extending the administrations;
    • As sole counsel, obtaining permission for joint administrators of an investment holding company to make distributions of over £6 million to an unsecured creditor;
    • Acting as sole counsel on behalf of OFGEM in four urgent Part 8 claims brought in the High Court for declarations of insolvency in respect of energy supply companies (Neon Reef Limited; Zog Energy Ltd; Social Energy Supply Ltd; Together Energy (Retail) Limited);
    • Led by John Brisby QC in opposing an application to restrain the presentation of a winding-up petition in connection with a high-value debt arising out of a contract subject to arbitration. The case involved allegations of market distortion, and the application of Salford Estates (No. 2) Ltd v Altomart Ltd [2014] EWCA Civ 1575
    • Acting as sole counsel in applications for the discharge of administrators; for the recognition of foreign insolvency proceedings; to remove trustees in bankruptcy; for the provision of documents under s.366 Insolvency Act 1986; for the approval of administrators’ statements of proposals.
    • Assisting in relation to the administration of Greensill Capital.
  • Arbitration

    Zara has a strong interest in international arbitration. During her Pegasus Scholarship in Hong Kong in 2018, she spent a number of weeks at the HKIAC, which coincided with the launch of the HKIAC Rules 2018. She also assists in coaching the Middle Temple team for the Vis Commercial International Arbitration moot. Instructions include:

    • Acting (led by George Bompas KC and Donald Lilly) in an international arbitration under the LCIA Rules concerning a dispute with a value of over US$77 million relating to a loan agreement;
    • Acting (led by Jeffrey Gruder QC of Essex Court Chambers) in a multi-million-dollar ICC dispute concerning the management of a hospital in the MENA region, including successfully opposing an application for interim relief;
    • Successfully applying under s9 Arbitration Act 1996 for a stay of proceedings in favour of arbitration.
  • Offshore Litigation

    Zara has a range of offshore experience, including in relation to matters in the DIFC, ADGM and BVI. She is a registered Part II practitioner in the DIFC Courts and has rights of audience in the Astana International Finance Centre. Zara is recognised by the Legal 500 (EMEA) as a ‘Rising Star’ in Commercial Litigation in the Middle East: The English Bar. Recent work includes:

    • Acting as sole counsel for the successful sixth to eighth defendants in Union Bank of India v Velocity LLC and Ors (2022), a claim for $2.5 million brought by the claimant bank in the DIFC Court.
    • Oscar Trustee Limited v MBS Software Solutions Limited BVIHC (COM) 2021/0022: led by Sharif Shivji KC in a dispute concerning the ISDA Master Agreement;
    • Advising on potential claims against a director in an ADGM-incorporated company for alleged misconduct;
    • Advising on the potential insolvency of an ADGM-incorporated company;
    • Assistance in relation to an application for joinder and associated requests for information by a non-party to a shareholder dispute in the Eastern Caribbean Supreme Court concerning an investment fund
    • Assisting in relation to the insolvency of a bank in the MENA region;
    • Drafting a statement of case in an unfair prejudice petition concerning a Singaporean product testing company;
    • Assistance in relation to requests by a trustee in bankruptcy to a major law firm for delivery up of documents under s342(1) Gibraltar Insolvency Act 2011.

Other information

  • Career & Appointments
    • Member of the Attorney General’s ‘C’ Panel
    • Member of the Chancery Bar Association (ChBA)
    • Member of the Commercial Bar Association (COMBAR)
    • Member of the British-Russian Lawyers Association (BRLA)
    • Member of the British-Kazakh Lawyers Association (BKLA)
    • Volunteer barrister for Advocate
  • Foreign Jurisdictions
    • Registered in Part II of the DIFC’s Register of Legal Practitioners,
    • Dubai Registered in the AIFC’s Register of Legal Practitioners, Kazakhstan
  • Education & Awards
    • Introduction to Corporate Law & Governance, London School of Economics
    • BPTC, City Law School
    • GDL, City Law School
    • MA (Hons), Classics and Modern Languages, University of Oxford (Trinity College)
    • Study abroad at Université de Paris IV – Paris Sorbonne
    • Pegasus Scholarship, Inner Temple
    • Queen Mother Scholarship, Middle Temple
    • Diplock Scholarship, Middle Temple
    • Lingen Fund Award, Trinity College
    • Finalist, HRLA National Judicial Review Competition
    • Middle Temple Team and Team Leader, Willem C Vis international Commercial Arbitration Moot
    • National Moot Team, City Law School
    • Secretary, the Oxford Union
  • Publications
    • Oceanfill v Nuffield: a clear outlook for commercial landlords? (Journal of International Banking and Finance Law, January 2023)
    • Loose and Griffiths on Liquidators (9th Ed.)
    • Litigation in the Time of COVID-19 (4 Stone Buildings’ E-Book)
  • Languages
    • French
    • Russian
  • What the Directories Say

    Legal 500 2024:

    • Undoubtedly a future star of the Bar, Zara is incredibly sharp, extremely charming and her knowledge of company law is impeccable.

    Chambers & Partners 2024:

    • Zara McGlone is very impressive, she has a really strategic mindset.
    • Zara does not mess about with unnecessary issues – she gets to the heart of matters
    • Zara drafts really nicely, is really responsive and has a nice collegiate approach.

     

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