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DLA Piper UK LLP

PRINCES EXCHANGE, PRINCES SQUARE, LEEDS, LS1 4BY, ENGLAND
Tel:
Work 02073 490 296
Fax:
Fax 0113 369 2949
DX:
12017 LEEDS
Email:
Web:
www.dlapiper.com

Richard Obank

Tel:
Work +44 (0)7971 142 363
Email:
DLA Piper LLP (US)

Work Department

Finance, Projects & Restructuring

Position

Richard is a partner highly experienced on a national basis in distressed M&A, corporate restructuring, debt refinancing, operational turnaround, managed exits and pre-packs with over 30 years of experience advising public and private companies experiencing various levels of financial distress. Richard acts for private equity investors, management teams, turnaround professionals and market leading firms of insolvency practitioners with a heavy focus on solvent solutions and rescues.

Career

A.V.Hammond & Co (Hammond Suddards) – 1987 to 1994

Herbert Smith – 1994 to 2000 (made partner in 1996)

DLA Piper UK LLP – 2000 to date (Partner)

Member

Institute for Turnaround.

Education

University of Manchester (1982-1985)

College of Law, Guildford (1986-1987)

Licensed insolvency practitioner


Yorkshire and the Humber: Finance

Insolvency and corporate recovery

Within: Leading individuals

Richard Obank - DLA Piper UK LLP

Within: Insolvency and corporate recovery

DLA Piper UK LLP regularly handles complex, high-profile matters for financially distressed companies including accelerated M&A work, corporate rescues and pre-pack administrations. On the contentious side, the group acts for insolvency practitioners. The 'methodical and super-efficient' Richard Obank heads up the group in Leeds while Duncan Mosley 'leads the Sheffield team with gravitas'. Colin Ashford is the key name for contentious work while Mark Jackson and Barney Smedley focus on restructurings.

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Legal Developments by:
DLA Piper LLP (US)

  • Sentencing guidelines for corporate manslaughter

    In February 2010 the Sentencing Guidelines Council (the SGC) issued definitive guidelines to courts on imposing appropriate sentences for corporate manslaughter and health and safety offences causing death. The SGC states that fines imposed on companies found guilty of corporate manslaughter should not fall below £500,000, while fines in respect of health and safety offences that are a significant cause of death should be at least £100,000. Crucially, the SGC declined to provide for a fixed link between the imposed fine and the turnover or profitability of the offending company.

    - DLA Piper UK LLP

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