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Insolvency

Wilberforce Chambers has a strong reputation for litigating and advising on complex corporate and personal insolvency issues, both domestically and internationally.

Members are experienced in acting for creditors (secured and unsecured), debtors, officeholders (liquidators etc) and others in insolvency-related matters. In addition, our thorough knowledge of insolvency law often helps us to provide clients with valuable insights in other commercial contexts.

Wilberforce has over many years been involved in some of the most significant restructuring and insolvency law cases. Some of the more recent cases :

  • Lehman Bros International Europe Ltd – acting for the liquidator in relation to the distribution of US $19bn of assets.
  • Acting for the Herald Fund SPC –  in relation to contested winding up petitions presented by the Madoff trustee in bankruptcy presented in the Cayman Islands.
  • Singer and Friedlander Investment (IOM) Limited – acting for the liquidator in seeking directions as to the application of client money held by the bank in breach of client money rules.
  • Re Sphinx  – acting for the liquidators in a large, controversial offshore US$1 billion liquidation in which the Cayman Island Courts rendered dozens of important decisions on issues arising in a winding up.
  • Re Lancelot – representing creditors in Cayman Island insolvency proceeding concerning redemption rights in the Feeder Fund at the centre of the massive US$10 billion Petters ponzu scheme.
  • Isis v Kaupthing – representing the liquidators of Isis Ltd, an Isle of Man subsidiary of Kaupthing Bank, in in highly contentious insolvency proceedings in England and the Isle of Man involving GBP500 million of claims.
  • Wight v Eckhardt Marine – Represented the creditor in the landmark decision arising from BCCI liquidation and effect of foreign restructuring on debts after commencement of winding up.

Our members offer expert advice and advocacy in relation to a wide range of restructuring and insolvency law issues.

Areas include:

  • Liquidation
  • Administration
  • Receiverships
  • CVAs and IVAs
  • Bankruptcy
  • Asset tracing and recovery

Individual members of chambers also have considerable experience of corporate insolvency work in a range of offshore jurisdictions.