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Prav Reddy
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Work Department
Real estate and construction, sport; litigation and dispute resolution.
Position
Prav deals in corporate and personal insolvency for office holders, creditors, debtors, banks and distressed companies. He has expertise in both transactional and contentious insolvency. Prav specialises in office holder-driven contentious work, including undervalue, preference, misfeasance and s423 actions. He also has significant experience in administration work. His personal insolvency work focuses on asset recoveries and disputes relating to trusts and beneficial interests. Expertise: advising the board of a Plc regarding solvency issues; asset tracing overseas in bankruptcy; 'bankruptcy tourism’ and COMI shifting; voluntary arrangements, unfair prejudice and material irregularity (individual and company); pursuing officers for antecedent/pre-insolvency dispositions; misfeasance claims; LPA receiverships; and pre-packaged sales of an international travel business, financial services company, chain of pubs, international hotel chain and TV channel.
South East: Finance
Insolvency and corporate recovery
Within: Insolvency and corporate recovery
Charles Russell Speechlys LLP 's 'experienced' insolvency team is 'frequently involved in high-value insolvency disputes and has strong relationships with insolvency practitioners'. Key areas from the advisory and contentious spectrum include fraud investigations, administrations, restructurings, transactions and non-formal insolvency work, with the retail, restaurant, charity and education sectors being particularly strong throughout 2017. Other specialisms include banking, sports and pharmaceuticals. Most clients come from a corporate background, but the team also engages in individual bankruptcy support. A recent highlight was the representation of RSM Restructuring Advisory as joint liquidator of LBGP during the $3bn winding-up of five collective investment schemes related to the Lehman Brothers insolvency. Prav Reddy ('a delight to work with') advised Nike European Operations Netherlands on a retention-of-title claim concerning the administration of footwear sales company Brantano Retail. Also recommended is team lead James Hyne, while Roger Elford is another main practitioner. Central Bank of Bahrain, Carter Backer Winter and Quantuma form part of the client base.