- Banking, Restructuring & Insolvency
Duncan acts for insolvency practitioners at both a local and national level in all types of contentious and non-contentious insolvency work. Duncan has been key in developing the Firm’s specialist financial services and regulated sector insolvency practice. He and the team advise on all aspects of this work and, in particular, in relation to the insolvency of FCA regulated businesses. Notable instructions include the Special Administration of Fyshe Horton Finney Limited, a stockbrokers with over £300m of client assets and £20m of client cash, the administration of Baines & Ernst Limited, one of the largest debt management firms in the UK and, on behalf of a plc, purchasing a group of companies from Administrators involving the transfer of 19,500 debt management plans and 20,000 IVA proposals. Duncan advised the Administrators of Varden Nuttall Limited, a volume IVA provider that has over 2,800 live insolvency cases and numerous complex client account shortfall issues which has led to complex and high value litigation in the High Court.
In their words
"The ABL market is both a growing and fast moving arena to work in. The players are dynamic and innovative, but there are challenges for any lender in a recovery situation. With the expertise of the team and those available in the wider practice, we can make that process as swift and effective as possible. The ABL and Insolvency Practitioners that use us know we can and do deliver."