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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 provides ‘an outstanding legal service which effectively assists clients in making their decisions’, and the team ‘always takes commercial values into consideration’. The practice is comprised of lawyers from the dispute resolution, restructuring and insolvency teams, and the group is also supported by specialist financial services, regulatory enforcement, insurance and corporate departments. Devi Shah is the key figure along with Alistair Graham, who is praised for his ‘ability to understand the client’s business and provide sound legal advice’.

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London: Finance

Corporate restructuring and insolvency

Within: Corporate restructuring and insolvency

Able to tap into the firm’s widespread 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 ‘excellent advice’ across both contentious and non-contentious work for both creditors and debtors. Particularly active in certain industry sectors, including retail and energy, team head Devi Shah recently advised the administrators of high street shoe chain Brantano on various issues arising out of the administration. The team also continues to receive a steady flow of pensions-related restructuring work and represented the pension scheme trustees of BG Group, Habitat, Woolworths, The Work Foundation (in liquidation), the Merchant Navy Officers and Ratings Pension Fund. David Allen is noted for his contentious expertise, where his client base includes banks, corporate trustees and IPs. The ‘commercial and responsive’ senior associate Jessica Walker is also recommended. Other clients include Alteri Investors, Wilmington Trust and FTI.

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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 has ‘a strong traditional insolvency practice’, which is ‘particularly good in restructurings and insolvency-related litigation’. The team has notable cross-border capabilities with particular depth in Asia, Germany and the UK, and has advised on several schemes of arrangement and insolvency disputes involving multiple jurisdictions. Clients include a mix of financial institutions, pensions trustees and other counterparties, and the team also has a strong track record in broker insolvency matters. Highlights included advising the provisional liquidators of ACAL Underwriting, which was placed into run-off following losses resulting from unprecedented natural catastrophes in the Asia Pacific region; assisting Beazley with the return of the group’s management from Ireland to the UK by means of a scheme of arrangement; and acting for Assured Guaranty on the restructuring aspects of its acquisition of MBIA UK, a legacy financial guaranty insurance company. Devi Shah heads the team and ‘is good at identifying commercial solutions’, and of counsel Alexandra Wood is ‘a very strong lawyer who is good on detail’.

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London: Risk advisory

Regulatory investigations and corporate crime

Within: Regulatory investigations and corporate crime

At Mayer Brown International LLP, highlights included representing an individual in a £36m dispute involving substantial allegations of fraud, which arose in relation to the proceeds of the sale of shares in Roadchef PLC; and acting for Sweett Group in an investigation into allegations of bribery activity related to a building contract in North Africa. The team regularly advises clients on fraudulent misrepresentation, breach of trust, Ponzi schemes and asset tracing, and has extensive experience in working with banks and insolvency practitioners. Devi Shah and Alistair Graham are the key names to note.

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