TIM MATTHEWSON

Insolvency

Tim has a busy and diverse insolvency practice. He frequently acts for office holders, directors, creditors and insolvent companies.

Recent notable instructions include:

• Instructed to defend proceedings brought by the liquidators of a company and the assignee of certain claims alleging transfer at undervalue, breach of duties owed as de facto or shadow directors and the provision of negligent advice.
• Acting as sole counsel for a liquidator to bring misfeasance and wrongful trading claims.
• Acting to defend claims brought by a trustee in bankruptcy alleging transfers at undervalue and a transaction in defraud of creditors.
• Appearing on behalf of administrators to terminate an administration and seek ancillary relief.
• Acting as sole counsel in an application for an injunction to restrain the presentation of a winding up petition based on a claimed debt of £1 million.
• Appearing in applications under s.366 of the Insolvency Act.
• Advising about proof of a debt in a bankruptcy.
• Acting on behalf of creditors to oppose an administration application.
• Acting on behalf of a trustee in bankruptcy to bring a claim for US$25 million.
• Advising the directors of a company in administration.
• Acting for a company in a claim against a former director relating to the circumstances in which it was placed into administration.