Restructuring & Insolvency


When businesses experience severe financial difficulties, our team’s relationships with insolvency practitioners and holders of security help us find workable solutions for all affected parties.

Our emphasis is always to try to save companies in difficulty, if at all possible. Whilst we know that in these circumstances parties are typically trying to avoid disputes, we do have specialist contentious insolvency lawyers who are used to dealing with insolvency litigation both in the UK and abroad. We also deal with recovery from failed businesses.

Specialist expertise includes:

  • Corporate recovery

  • Insolvency

  • Liquidation

  • Bankruptcy

  • Administration

  • Receivership

  • Restructuring and refinancing

  • Distressed mergers and acquisitions

  • Director liabilities and claims against directors

  • Voluntary arrangements with individuals and companies

Wallace’s involvement with the dispute was critical in its successful conclusion.
— Colin Hardman, Smith & Williamson

Notable case references

  • Successfully represented a high net worth Russian individual who was a significant creditor of an English registered company in liquidation in multimillion dollar wrongful trading claim brought in the High Court against shadow directors based in Estonia.

  • Acted for Axens, an international engineering company, in relation to claims arising out of the insolvency of their client, Petroplus.

  • Acted for Novus Aviation, a well-known aviation leasing company, in relation to claims in the administration of Silverjet.

  • Acted for hedge fund on its acquisition from administrators of well-known hospital group.