Insolvency

Insolvency (both personal and corporate) has always been one of XXIV Old Buildings’ main areas of specialism.

The insolvency team is recommended by Chambers & Partners and Legal 500 both as an insolvency chambers and for its individual insolvency barristers. Members have been involved in many of the major insolvencies of the past: BCCI, Barings, Barlow Clowes, British and Commonwealth Holdings and Maxwell; and are currently involved in the major insolvencies of today: Lehman Brothers, Bears Stearns and Madoff.

Members’ expertise is often called upon in relation to foreign insolvencies. Members have appeared in and advised on insolvency cases in the BVI (where members have also assisted in drafting the insolvency legislation), Cayman Islands and the Isle of Man.

Members are experienced in all aspects of insolvency law including:

Administrations
Administrative receivers
Asset tracing and recovery
Bankruptcy
Bankruptcy restriction orders
Cross-border (including EC Regulation, the Cross-Border Insolvency Regulations and UNCITRAL model law)
Directors’ disqualification
Liquidation
S.423 applications
Voluntary arrangements (corporate and individual)
Winding up in the public interest