Insolvency & Restructuring

“3 Verulam Buildings has a ‘very strong cast of sharp commercial minds’. The set leverages its ‘pre-eminence in banking litigation’ to act in high-profile insolvency cases relating to financial services.”

Legal 500 UK 2016

3VB has long-standing, in-depth experience in insolvency, with many of our barristers recognised for their work by the legal directories. Senior members regularly act in high profile cases, ranging from the complex determinations in Lehmans to cases of public importance on the use of guarantees such as McGuiness, while more junior members appear regularly in the winding up and bankruptcy courts.

Complex cross-border and high value recovery actions for high profile IPs are a staple of chambers work. Members are regularly instructed for and against IPs in high value litigation, such as, for example, office-holder remuneration and claims on bonds .

Liquidators frequently instruct us, as well as solicitors. Members are instructed on substantial cases with an international bias, involving the attempted recovery or defence of claims worth many hundreds of millions.

Cases include the following:

  • the £100m+ claim Liquidators of Rangers Football Club v Collyer Bristow LLP
  • the £multi-million David John Standish and Richard Heis (as joint liquidators of Quarry Hill Investments Limited) v Robert Basil Hersov
  • €Multi-million litigation arising from the collapse of Icelandic bank Kaupthing
  • the €100million trading dispute Lehman Brothers International (Europe) (In Administration) V (1) Dz Bank Ag Deutsche Zentral-Genossenschaftsbank (2) The Bank Of New York Mellon

3VB has an excellent reputation in this area with many of our barristers recognised for their work in the legal directories Chambers & Partners and Legal 500.

Insolvency & Restructuring