Drawing on the firm's market leading asset-recovery practice, our team has extensive experience in utilising insolvency proceedings as a tool for asset recovery and enforcement, including:

  • Placing individuals and companies (including foreign companies) into insolvency processes in this jurisdiction, so as to utilise the asset recovery and investigative powers of UK officeholders
  • Obtaining recognition of foreign insolvency proceedings in this jurisdiction, in order to recover assets and obtain information from UK targets
  • Obtaining recognition of UK insolvency officeholders in other jurisdictions, as part of complex cross-border insolvency mandates

Notable Experience

  • Advising the victims of a high-profile crypro fraud committed through a Chinese company, in proceedings to wind-up that company in the UK in order to assert a claim against $5 billion of bitcoin previously frozen in this jurisdiction
  • Advising the Abu Dhabi appointed trustees in bankruptcy of two former ultra-high-net-worth individuals, in relation to the recognition and implementation of a multi-billion-dollar restructuring plan across several jurisdictions
  • Advising investors in a high-profile Ponzi scheme in respect of the winding up of a foreign company in this jurisdiction in order to recover their losses; subsequently advising the liquidators with respect to fraudulent trading claims of £400m against banks
  • Advising the UK-appointed trustees in bankruptcy of a former ultra-high-net-worth individual in a cross-border asset recovery mandate, involving challenges to offshore trust structures, obtaining Chapter 15 recognition in the USA, and ancillary US bankruptcy proceedings against the individual's son
  • Advising the UK-appointed liquidators of a company implicated in a c.£60m fraud, in a complex cross-border asset recovery mandate involving: (i) claims against 14 defendants located across 7 jurisdictions; (ii) freezing injunctions in the UK and Hong Kong; (iii) cross-border recognition of the Liquidators' appointment in the USA, Hong Kong, and Singapore; and (iv) enforcing judgments against parties and assets located across various jurisdictions

News & Insights

02.06.25

HAS THE ENGLISH COURT BROADENED ITS JURISDICTION?

14.04.25

Law 360 has reported on PCB Byrne’s representation of the primary Defendant in the ongoing trial of PIFSS v Al Rajaan & Others.

24.02.25

Further word on Supreme Court’s decision in important Insolvency Act case

19.02.25

UK Supreme Court confirms scope of s423 Insolvency Act