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Philip Alexander (Sandy) Shandro
E-mail: sandy.shandro@btinternet.com


Education
  • BA (Distinction) University of Alberta, 1972
  • MA McGill University, Montreal, 1974
  • BA (Jurisprudence) University of Oxford, 1976
  • BCL University of Oxford, 1978
Career
  • 1978-1990 practicing lawyer in Canada and Insolvency Partner in Vancouver law firm
  • 1991-1998 Associate and then Insolvency Partner, Clifford Chance, London
  • 1998-2007 Partner, Freshfields Bruckhaus Deringer, London, and head of Global Restructuring Group (2005-2007)
  • 2007 to date Dean, Faculty of Laws, University College London
  • Barrister and member of Lincoln's Inn
  • Door tenant, 3 Verulam Buildings
Professional Associations
  • Member, City of London Law Society, Insolvency Law Committee
  • Editorial Board Member, Insolvency Intelligence and International Corporate Rescue
  • Co-chair of International Committee, American Bankruptcy Institute
Restructuring and Insolvency Experience
  • Clients represented include corporate debtors, creditors of all types (although mainly financial institutions), insolvency officeholders such as administrators, administrative receivers and liquidators, regulators and contracting counterparties dealing with companies in financial difficulties. Sandy's work is not restricted to "financial failures" but has included transaction and contingency planning and he has in this way become familiar with securitisation structures and the range of activities of hedge funds and private equity firms.

  • Most of Sandy's cases in recent years have involved more than one - and often many - jurisdictions (UK, USA, dozens of EU countries, Switzerland, Russia, Canada, Australia, the Isle of Man, Zambia, Ghana, Algeria and Brazil). Examples of specific mandates in which many jurisdictions were involved in a single case include representing principal stakeholders in the Air Canada insolvency, the bankruptcy of Swissair, the US Ch.11 and subsequent European bankruptcies of Collins & Aikman, the collapse of the MG Rover Group and the restructuring of Eurotunnel. He has advised the boards of many companies facing financial distress.

  • "Throughout his career Sandy has maintained an active interest in law reform. He has played a leading role in the development and drafting of financial failure or bankruptcy regimes in specific UK sectors (such as healthcare) and in sovereign states (such as Russia, Azerbaijan and Brunei)."

  • Sandy has been a member of the City of London Law Society Insolvency Law Committee for many years, and was Chairman of the Committee from 2004 until 2007. This committee consists of 15 of the leading restructuring and insolvency lawyers from the major City of London practices, and functions as an effective and representative voice of the City of London Law Society by responding to consultation documents, lobbying and suggesting areas where law reform should be considered. At the same time as being Dean of Laws at UCL, he remains a member of that committee.

  • The 2005 edition of Chambers UK lists Sandy as a leading lawyer: "Shandro is a popular figure: 'An effective lawyer - everyone trusts his judgment.'" He is one of 8 UK lawyers named in the Insolvency and Restructuring section of the Best of the Best 2006 expert guides series. The 2006 edition of Legal 500 states: "Sandy Shandro has an immense reputation for cross-border and multi-jurisdictional restructurings."
Seminars, Conferences and Panels
  • Sandy has presented papers and spoken or moderated panels at, or chaired, conferences under the auspices of the UK's main professional body for restructuring professionals, R3 (and its predecessor, the SPI), the international restructuring organisations INSOL and INSOL Europe, the American Bankruptcy Institute, the Turnaround Management Association, the British Institute of International and Comparative Law, the British Bankers' Association, the American Association of Bankers, the Insolvency Institute of Canada and many commercial conference organisations.

  • He has spoken at seminars organised by all of the major accounting firms, many commercial and investment banks, the Bank of England, the American Credit Officers Group, the Institute of Interim Managers, journalists from the Times and the Financial Times, bond rating agencies, Cambridge University Faculty of Law, the Beijing Bar and the Hungarian Association of Liquidators.
Selected List of Publications
  • "Risks in Bank Liquidation Procedures", Insolvency Practitioner, Spring 1993 (with Nancy Jacklin)

  • Book Review of Bankruptcy (Scotland) act 1993 [1994] 4 JIBL 180 (with Delia Buxton)

  • "Reform of CVAs and administration orders" Insolvency Bulletin, May 1994 (with Dermot Turing)

  • "Mediation and the Insolvency Practitioner: part one" Insolvency Bulletin, April 1998

  • "Mediation and the Insolvency Practitioner: part two" Insolvency Bulletin, May 1998

  • "Judicial Co-operation in Cross-Border Insolvency" International Insolvency Review, VH.7: 63-78 (1998)

  • Book Review of "Case Studies in Recent Canadians Insolvency Reorganization", INSOL International Insolvency Law Review, Vol 8: 199-202 (1999)

  • Book Review of "Insolvency in Private International Law", INSOL International Insolvency Law Review, Vol 9: 165-167 (2000)

  • "Falling apart? Rescue Mechanisms and Insolvency" PLC January-February 2002, pp19-32 (with Catherine Derrick)

  • "Case Study: Brac Rent-a-Car International Inc. Financier Worldwide, March/April 2003.

  • "The impact of the US approach in Europe" Legalease Special Report: Finance 2003.

  • "Note on Brac Rent-a-Car International," INSOL World, Second Quarter, 2003

  • "Insolvency Practitioner Fees in the UK", Insolvency Intelligence, 2004

  • "Forewarned is Forearmed When the Going gets Tough," Private Equity News, 14 August 2006.

  • "Viewpoints on Restructuring," Acquisitions Monthly, May 2006

  • Book Review of "Insolvency in Private International Law", INSOL World, Second Quarter 2006

  • "The Implementation of the UNCITRAL Model Law on Cross-Border Insolvency in Great Britain," INSOL World, Second Quarter 2006

  • "Adoption of the UNCITRAL Model Law Gathers Momentum," INSOL World, Second Quarter 2006 (with Steven Golick and Scott Everett)

  • "The Implications of the UNCITRAL Model Law," Bloomberg Corporate Law Journal, Summer 2006

  • "China Walks Before it Runs," International Financing Review, 28 October 2006

  • "UNCITRAL Model Law in the UK - one year on," Insolvency and Restructuring International, Vol. 1, No.1, May 2007 (with Ian Wallace).