The Legal 500

Twitter Logo Youtube Circle Icon LinkedIn Icon

Addleshaw Goddard

Work 0161 934 6000
Fax 0161 934 6060

Harold Brako

Work 0161 934 6013
Addleshaw Goddard

Work Department

Finance Litigation


Harold is a partner in Addleshaw Goddard's Litigation Division.  Harold specialises in banking and finance litigation, with particular expertise in asset based lending and receivables financing.  Harold also provides advice to a wide range of clients in the finance sector, including members of UK Finance, PE houses, several major UK and foreign clearing banks.

As an experienced litigator, Harold advises his clients in relation to all aspects of finance dispute resolution, including claims for and against lenders, fraud claims, asset recovery involving urgent injunctive processes, contractual / commercial disputes, merchant acquiring issues, reviews and enforcement of security as well as contentious insolvency proceedings.

Following 10 years at DLA Piper UK LLP, Harold founded and headed up the Manchester office of Shoosmiths LLP in 2009. He joined Addleshaw Goddard LLP in 2017.

London: Finance

Asset based lending

Within: Asset based lending

Benefiting from 'in-depth sector experience', and a significant 'market presence' which includes practitioners spread out across London, Manchester, Leeds, and most recently Scotland following the merger with HBJ Gateley, Addleshaw Goddard provides an 'excellent level of service' to the ABL arms of mainstream banks including HSBC and Clydesdale Bank, as well as independent entities including Leumi ABL and PNC Business Credit. Manchester-based Simon Prendergast has broad expertise in the space including across syndicated ABL and receivables finance facilities, off balance sheet receivables purchase facilities and supply chain finance; he recently represented RBS Invoice Finance on a £50m ABL facility (comprising receivables, inventory, property and plant and machinery facilities) to Halewood International, a UK-based manufacturer and distributor of alcoholic drinks and beverages, for the purpose of refinancing its existing facilities, providing working capital and funding future acquisitions. Prendergast has also been active in the development of receivables and ABL products connected to the UK unitranche market and was recently involved in a landmark transaction when he advised RBS Invoice Finance on a super senior receivables finance facility to Oscar Mayer - in what was notably the first occasion on which a UK ABL market deal had been funded simultaneously by a super senior ABL facility in combination with a unitranche facility. Lauded for his 'willingness to go the extra mile to get the deal done', team head Mike Davison 'has first-class knowledge of the ABL sector and documentation' and is thereby well placed to handle both mid-market domestic deals, as well as bigger ticket mandates where the ABL product is part of a wider financing package. 'Very impressive' Edinburgh-based banking partner Euan Cluness regularly handles ABL transactions in the whisky industry, in particular, including his recent work for PNC Business Credit and Bank of Scotland in their provision of an £80m ABL facility to Ian Macleod Distillers. The team was also strengthened on the transactional front by the arrival in October 2017 of managing associate Lauren Priest-Stephens from Squire Patton Boggs, while for ABL-related litigation work Harold Brako and Ben Lowans are recommended.

[back to top]

North West: Dispute resolution

Banking litigation

Within: Leading individuals

Harold Brako - Addleshaw Goddard

Within: Banking litigation

Clients praise Addleshaw Goddard’s ‘commercial approach’, its ability to ‘not over-complicate matters’ and its ‘pragmatic advice’. The team acts for major UK Banks and lender clients and has particular experience in asset finance and asset-based lending, as well as professional negligence cases. HSBC Bank, Nationwide Building Society, Shawbrook Bank, Yorkshire Building Society, West Bromwich Building Society and Aldermore Bank & Aldermore Invoice Finance are clients. Team head Harold Brako has particular expertise in asset-based lending and receivables financing and has ‘excellent industry knowledge and an ability to formulate and then deliver effective recovery strategies’. Ben Lowans, who splits his time between Manchester and Leeds, is a ‘first-class litigator’ and has a particular specialism in the asset finance and invoice discounting sectors. Legal director Helen Collinge is ‘first-rate’ and managing associate Matthew O'Neill is also noted.

[back to top]

Commercial litigation: Manchester

Within: Commercial litigation: Manchester

The ‘superb’ four-partner team at Addleshaw Goddard handles complex commercial disputes for local, national and international clients, and stands out for its ‘business acumen’, its ‘willingness to be flexible’ and for its ‘ability to think around the solution tactically’. Recent high-profile competition matters include representing the RHA, as co-counsel, in collective proceedings to be brought before the Competition Appeal Tribunal (CAT) on behalf of businesses affected by the EU Truck Cartel; representing two of the former directors of Burnden Holdings (UK) (in Liquidation) in a claim brought by BHUKL and its liquidator alleging various dishonest breaches of fiduciary duty; and representing Co-operative Insurance in its claim against IBM relating to the wrongful purported termination of the contract under which it was to implement a new IT operating platform. ‘Exceptional’ team head Mark Molyneux is ‘calm and considered’ and is ‘an excellent communicator’. Susan Garrett is ‘excellent on complex commercial disputes’ and is representing a number of clients in regulatory issues involving medicines, electronic cigarettes and related products and engagement with the Medicines and Healthcare Products Regulatory Agency and the Department of Health. Other key figures include 'outstanding' legal director Clare Dwyer, who is ‘responsive, commercial and pragmatic’; and managing associates Nicholas Ashcroft, who has a particular focus on disputes in the industrial sector and Sub-Saharan Africa, Paul Rowley, who regularly advises clients operating in the public sector, and Victoria Pool, who is ‘brilliant’. Samantha Haigh and Alexandra Seabridge are also recommended, as are legal director Helen Collinge, who acts for lender clients, and Harold Brako, who specialises in banking and finance litigation. John Gosling recently retired.

[back to top]

Back to index

Legal Developments worldwide

Legal Developments and updates from the leading lawyers in each jurisdiction. To contribute, send an email request to