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Penningtons Manches Cooper LLP

Penningtons Manches Cooper LLP

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England - London • Finance

8

Corporate restructuring & insolvency

With a sizeable presence in London and also aided by practitioners throughout the Thames Valley region, Penningtons Manches Cooper LLP can provide ‘commercial advice’ to stakeholders, including IPs, across the full spectrum of restructuring, insolvency, bankruptcy and recovery matters. Many of the mandates have a contentious angle to them, with the ’calm and reassuring’ John Adams particularly skilled at advising on fraud-related insolvency matters, including those involving digital assets. Rebecca Andrews-Walker, who is dual-qualified as an insolvency practitioner, heads up the team.
Legal 500 Editorial commentary

Testimonials

Collated independently by Legal 500 research team.

  • ‘Alex Fox and Priscilla Oronsaye have been great. They are easy to communicate with, give good commercial advice and have made themselves available when required.’
  • ‘Alex Fox knows how to win, and is in addition a very pleasant person to work with.’
  • 'John Adams is a calm and reassuring presence in difficult matters. He doesn't get flustered, and clients like him for his cool head and ability to explain things in an accessible manner.'
  • ‘John Adams provided timely, sensible advice.'
  • 'They display an excellent commercial approach.'
  • 'The team was timely in response - they had crafted a strategy, which they implemented - and managed the tactical developments deftly. They brought real insight and experience to my situation.’

Key clients

  • Kroll Advisory Ltd
  • Net Pay (EUR) Ltd
  • Plus Acquisition Holdings Ltd
  • UHY Hacker Young LLP
  • CBW Recovery
  • PVE Capital Limited
  • Trustee in bankruptcy of Alpha Insurance A/S and Qudos Insurance A/S
  • Grant Thornton (UK) LLP
  • Evelyn Partners
  • Cavendish capital Markets

Work highlights

Continued to advise the trustees in bankruptcy and the liquidators of Michael John Stanley's four companies on the preparation of two applications to court, one seeking further directions in relation to the calculation of circa 4,000 claims and the practical issues of distributing to this number of individuals.
Advising Net Pay on the challenge to its circa £2.5m proof of debt in the long running liquidation of Allied Wallet Ltd. Net Pay is one of the largest creditors of Allied Wallet which is regulated by the FCA and provided electronic payment services and issued electronic money in the form of pre-paid cards.
Advising Plus Acquisitions Holding Ltd (PAH) in relation to a claim commenced by Pentacle Disputes Ltd against PAH’s in direct subsidiary MoneyPlus Holdings Ltd in relation to a guarantee provided to MoneyPlus Legal Ltd.
Practice head

Rebecca Andrews-Walker

Other key lawyers

John Adams; James Harrison; Alex Fox; Matthew Martin; Jonathan Allen; Priscilla Oronsaye; Rachel Brown

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