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Mayer Brown International LLP

Living Wage
Work 020 3130 3000
Fax 020 3130 3001

Devi Shah

Work +44 20 3130 3669
Mayer Brown

Work Department

Restructuring, Bankruptcy & Insolvency


Devi Shah is joint head of Mayer Brown's Restructuring, Bankruptcy and Insolvency group in London. She focuses on all aspects of restructuring and insolvency and has a particular interest in international and cross-border insolvency and restructuring matters, as well as pensions aspects of restructurings. Devi has extensive experience in insurance insolvency and restructuring matters, including advising on provisional liquidation, schemes of arrangement (including international recognition and enforcement issues), proof issues and set-off, including set-off across jurisdictions. She also has experience in handling financial disputes, with particular experience in acting on guarantee claims and on restitution issues, as well as advising on fraud and other breach of duty allegations against professional trustees.

London: Crime, fraud and licensing

Fraud: civil

Within: Fraud: civil

Mayer Brown International LLP¬†advises on fraudulent misrepresentation, investigations, breach of trust, Ponzi schemes, injunctions, freezing orders, asset tracing and recovery, and seeking remedies that include provisional liquidator appointments. The firm is acting for UBS against Kommunale Wasserwerke Leipzig in a $320m claim arising from the enforcement of various structured finance transactions. The key figures are Devi Shah¬†and Alistair Graham, who is ‚Äėdedicated‚Äô and has ‚Äėexcellent judgement and a wealth of experience in civil fraud‚Äô.

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London: Finance

Corporate restructuring and insolvency

Within: Corporate restructuring and insolvency

Able to tap into the firm’s widespread network of international offices - most importantly in the US - and thereby allowing a degree of flexibility regarding the potential use of insolvency procedures including Chapter 11, Mayer Brown International LLP 's six-partner London team provides a 'very responsive service’ on contentious and non-contentious matters to a wide array of stakeholders. As part of her broad-ranging practice, the 'technically strong and extremely personable' team head Devi Shah has niche expertise at handling pensions-related insolvency matters; she recently advised the Pension Protection Fund in relation to the restructuring of the Hoover/Candy group's pension liabilities. Shah is also noted for her prowess at handling restructurings within the insurance sector and recently worked with the provisional liquidators, creditors and regulatory authorities to put together a novel solution for the closure of a Lloyd's corporate member, ACAL Underwriting Limited (in provisional liquidation). David Allen handles contentious insolvency work for banks, IPs and corporate trustees. Newly promoted partner Jessica Walker is also recommended.

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London: Insurance

Insurance: insolvency and restructuring

Within: Leading individuals

Devi Shah - Mayer Brown International LLP

Within: Insurance: insolvency and restructuring

Mayer Brown International LLP offers a cross-jurisdictional team specialising in advising businesses with regard to their legacy portfolios. Instructed by clients such as Ernst & Young, Beazley, Zurich and Liberty Syndicates, the practice is particularly well known for its experience in long-tail liability issues and those that arise in London underwriting pools, as well as regularly advising financial institution clients, pension trustees and other counterparties on insolvency. Cross-border mandates are another key area where the practice has strength and depth, handling matters in Asia, the US, the UK and Germany. Recent cross-border mandates include advising on the provisional liquidation of ACAL Underwriting, the corporate member of Lloyd's Syndicate 1965. Practice head Devi Shah is leading the team in this ongoing matter, supported by cross-border specialist Alexandra Wood.

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London: Projects, energy and natural resources

Oil and gas

Within: Oil and gas

Robert Hamill spearheads the oil and gas offering at Mayer Brown International LLP and focuses on corporate finance, M&A and joint ventures. Along with the recently promoted partner Rebecca Bothamley he handled the equity fundraising of $19.5m for ongoing drilling operations in the Niger Delta on behalf of Eland Oil & Gas whom he also advised on shipping and offtake agreements. Devi Shah  and of counsel Alexandra Wood acted for the supervisors of Alpha Petroleum in the ongoing implementation of a company voluntary agreement of North Sea development and production company Alpha Petroleum. Salamander Solutions instructed the group to oversee its acquisition of MC AAA as part of its wider consolidation of heater cable technology companies.

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