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Rachael is often instructed on insolvency cases which are of a complex or urgent nature. She appears regularly in the High Court before ICC Judges.
Her experience extends to fraudulent and wrongful trading, misfeasance, antecedent transactions, unlawful dividends and disguised distributions, orders for possession and sale in bankruptcy proceedings where there are issues relating to beneficial ownership or equity of exoneration, as well as both rescission and annulment applications and appeals against adjudications on proofs of debt.
Rachael also has considerable experience in bringing and defending claims against IPs, such as remuneration challenges and misfeasance proceedings.
Recent work includes:
- Currently advising investment managers on the status of client funds after Reyker Securities plc was placed into special administration.
- Currently acting for Joint Administrators in respect of an application to Court for approval of a complex distribution plan for client funds which are being held after the failure of a debt management firm.
- Currently advising Joint Liquidators in respect of sums withdrawn from the company by its former director/shareholder apparently as remuneration but which in reality constitute disguised distributions.
- Currently advising Joint Administrators on the validity of their appointment in circumstances where the appointing directors failed to give notice to a qualifying floating charge holder pursuant to para 26 of Schedule B1.
- Currently advising the Joint Liquidators of a national charity on the correct characterisation of £6 million in donations received by the charity and whether they constitute restricted funds or, alternatively, form part of the estate.
- Currently acting for Joint Liquidators on fraudulent trading and misfeasance claims against former directors of a building company who defrauded elderly customers. Claims in the liquidation exceed £5 million.
- Currently defending a former director against misfeasance proceedings where the Liquidators claim that bonus payments made to him were excessive and made at a time when the company was allegedly in the vicinity of insolvency.
- Currently acting for Joint Liquidators on claims against former directors who operated a fraudulent VAT scheme, failing to declare some £3 million to HMRC.
- Currently acting in an application by members of a company (now in liquidation) against the office holders on the grounds that the remuneration charged and expenses incurred are excessive.
- Currently acting on behalf of Joint Liquidators to oppose an application for their removal from office in circumstances where the creditors’ motives in making this application are improper.
- Re Houston Management Facilities Limited (2020). Acted on behalf of the Joint Liquidators in obtaining a proprietary injunction against a former director and a Chabra injunction against his sibling.
- DCL Hire Limited (in liquidation) (2019). Led in a 5 day misfeasance trial against a former director who made significant payments out of the Company for nil consideration on the instruction of a shadow director.
- Parkers Developments Limited (2019). Acted on behalf of two directors in defending a misfeasance and unlawful return of capital claim in respect of their involvement in an EBT scheme worth over £1.2 million.
- Pico’s Limited (2019). Acted on behalf of the Company in seeking an urgent validation order to allow the Company to continue trading pending the first hearing of the winding up petition.
- So Sienna Limited v (1) HMRC (2) The Official Receiver (2019). Acted for the company in an application for the rescission of a winding up order and dismissal of the petition.
- HS Works Limited (in liquidation) (2018). Led in a 5 day High Court trial against a former administrator for breach of his schedule B1 and fiduciary duties, worth £4 million.
- Currently advising Joint Trustees on the correct characterisation of funds held in the Bankrupt’s bank account where a creditor claims that those funds are subject to a Quistclose Trust agreement.
- Currently acting for Joint Trustees in a £5 million claim involving a ‘rainy day’ trust deed which purports to transfer the Bankrupt’s beneficial interest in his extensive London property portfolio to his children.
- Currently acting for Joint Trustees in respect of a creditor’s challenge to their adjudication on his proof of debt worth over £1.5 million.
- Currently acting for Joint Trustees in an application for possession and sale where the family home is held in the sole name of the Bankrupt’s wife but the Bankrupt has a beneficial interest by virtue of his financial contributions.
- Currently acting for Joint Trustees in a breach of trust claim against the Bankrupt’s former business partner and a professional negligence claim against his former solicitors, worth over £4 million.
- Acted on behalf of Joint Trustees for an order for possession and sale of the Bankrupt’s family home where his wife claimed a beneficial interest in the property and also that debts secured against the property should be applied against the Bankrupt’s beneficial share only.
- Rachael has advised on several cases involving statutory demands based on guarantees and whether the relevant clause creates an unliquidated damages claim or a debt.