Insolvency Disputes
Seladore acts for a broad range of stakeholders involved in both corporate insolvencies and individual bankruptcies, providing support at all stages, from pre-litigation through to complex dispute resolution. We represent directors, investment funds, asset managers, banks, and insolvency practitioners, tailoring our approach to meet the unique challenges that arise in insolvency disputes.
Securing assets early is essential in insolvency cases, and we are highly adept at obtaining and enforcing freezing injunctions across multiple jurisdictions, particularly offshore, where assets are often concealed. Our firm is also well-versed in asset tracing, leveraging global networks to identify and secure undisclosed assets swiftly.
With the firm’s partners all having obtained extensive experience acting for large corporates, Seladore brings unmatched insight into the tactics employed by major institutions, including banks and audit firms, in insolvency-related litigation.
- Representing the Russian bankruptcy manager of a businessman with $125 million claims against his estate, coordinating the international insolvency and asset recovery. Securing recognition of the Russian bankruptcy in England, obtaining a worldwide freezing order, and revealing £25 million in undisclosed assets. Pursuing asset realisation in offshore jurisdictions and advising on related recognition and intervention proceedings.
- Acting in a long-running piece of litigation in which a fraudster sought to use insolvency proceedings to seek to gain control of our client’s company. These proceedings involved multiple actions to strike-out winding-up petitions, and, in one instance, to set aside an insolvency on the grounds that it was void ab initio.
- Advising in relation to an application for the removal of administrators from a corporate administration following a pre-pack sale of the company’s business, and other claims arising out of the pre-pack.
- Acting in relation to proceedings brought in Gibraltar by a liquidator in a representative action on behalf of creditors of an insolvent law firm.
- Acting in relation to a claim against an insolvent Botswanan entity, including a related LCIA arbitration, Botswanan insolvency proceedings and a reckless trading claim against former management under Botswanan insolvency law.
- Acting for a Japanese manufacturer in relation to a contractual claim being advanced in Italian insolvency proceedings.
- Advising an English company in relation to a statutory demand and a proposed injunction to prevent the presentation of a winding-up petition.
- Representing the Administrators of a major investment bank in relation to a multi-million Euro dispute with a major European clearing house regarding the allegedly negligent close-out of the bank’s government bond portfolio upon its bankruptcy. The matter involved multiple stakeholders, and was resolved following a mediation supervised by 2 mediators and participated in by 40 lawyers.
- Representing the Liquidators of a BVI company in High Court proceedings against a Moldovan businessman in connection with a collapsed oil trading business in Kazakhstan. The case involved issues of set-off, proprietary claims, the scope of undertakings given in lieu of a freezing injunction, and conflicts of laws.
- Representing the US-based principals in relation to the multi-million pound collapse of a UK classic car dealership, following a substantial investment by a private equity house. Mr Bushell advised in relation to various claims including in fraudulent misrepresentation.
News & Media
Dan Hudson authors chapter on Anti-Money Laundering for Global Investigations Review
Seladore Legal’s Dan Hudson has authored the England & Wales chapter on Anti-Money Laundering for Global Investigations Review.
Seladore promotes two to Counsel
Seladore Legal is pleased to announce that Jade Hu and Owen Hammond have both been made Counsel as part of the firm’s new year promotions.
How SFO calls for whistleblower payouts could transform UK fraud enforcement and employee relations
Dan Hudson, specialist partner and head of white-collar crime at Seladore Legal, examines how proposed whistleblower financial rewards could reshape UK fraud enforcement.
