Northern Ireland - Restructuring/Insolvency Lawyers & Law Firms - UK - Chambers and Partners
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UK Guide

Restructuring/Insolvency — Northern Ireland


A&L Goodbody - Restructuring/Insolvency Department

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Band 1

第一等

Chambers Commentary (based on the Chambers research)

Basic facts about the department
- 4 partners
- 10 other qualified lawyers
- Office location: Belfast

What the team is known for A leading insolvency team in Northern Ireland renowned for its work for high-profile clients on both contentious and non-contentious matters. Assists with administrations, restructurings and company voluntary agreements (CVAs) across a variety of sectors, including retail, construction and hotels and leisure. Clients include insolvency practitioners and financial institutions. Recent activity includes advising on the acquisition of distressed loan portfolios.

Strengths One client states: "When you've got a complex job or something that's going to require technical and commercial excellence, A&L Goodbody is where you go."

Work highlights Acted for PJG Recovery as joint administrators of T&A Kernaghan in relation to litigation, asset sales and other recovery issues associated with the administration.

Advised Deloitte, in its capacity as administrator, on placing care home operators The Care Circle and Slemish Homes into administration, resulting in the sale of the four care homes under their ownership.

Significant clients Ulster Bank, Bank of Ireland, HSBC, Santander, Cerberus.

Notable practitioners

Head of restructuring and insolvency Michael Neill is known for working on complex restructurings and administrations, frequently acting on behalf of banks, insolvency practitioners and other financial institutions. Sources say: "He's a very good litigator, very accessible, and very willing to buy into the specific requirements of the client."

Sam Corbett undertakes a range of matters related to insolvency, frequently leading matters related to corporate administrations. He handles a significant amount of contentious work, with experience in bankruptcy and business recovery. Market sources describe him as "unbelievably diligent and very technical," adding that "he clearly loves what he does."

About the Team (content provided by A&L Goodbody)

The Restructuring and Insolvency team in Belfast is widely regarded as a leader in the Northern Ireland market. The team advises n the most significant, complex, contentious and high profile assignments in Northern Ireland and across the island of Ireland. This market position is evident from the leading international publications and commentators who rank this team at the top of the market. The team has been regularly called upon to advise on the most high profile restructurings to have taken place in Northern Ireland during recent years. 

The team works closely with other specialists in both the Belfast and Dublin offices, combining expertise in commercial law, commercial litigation, property, banking, and financial services to provide effective solutions and advice in all insolvency and corporate recovery situations.

Areas of expertise include:

  • Restructurings and reorganisations.

  • Debt
    restructuring and rescheduling.

  • Debt Settlement Agreements.

  • Assisting distressed businesses.

  • Advising in relation to the appointment of Administrations and receivers.

  • Advising in relation to receiverships, liquidations, voluntary arrangements and bankruptcy.

  • Advising directors, shareholders and creditors in insolvency related situations.

  • Insolvency and Banking / Financial Services related litigation.



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Arthur Cox - Restructuring/Insolvency Department

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Band 1

第一等

Chambers Commentary (based on the Chambers research)

Basic facts about the department
- 4 partners
- 14 other qualified lawyers
- Office location: Belfast

What the team is known for Substantial restructuring and insolvency team undertaking the complete range of insolvency services for a variety of high-profile clients, including insolvency practitioners and distressed companies. Focuses on transactional work associated with corporate restructurings, in addition to taking on contentious matters and personal insolvency assignments. Noted for its multidisciplinary and cross-jurisdictional capabilities, particularly between the UK and Ireland.

Strengths One source comments that "they are commercial and work at a good pace. They come to me with solutions and understand how we work."

Another client describes the firm as "highly professional, available and responsive."

Work highlights Acted for KPMG as joint administrators of security companies James and Harrison Security and Remax Security in relation to the pre-pack sales of the business and assets of both companies.

Advised Horwood Neill Holmes as the trustee in bankruptcy of Derek George Harrison regarding an ownership dispute relating to the Olympic 2012 Team GB gold medal winning horse 'Uthopia'.

Significant clients EY, Deloitte, PwC, Cerberus, Bank of Ireland.

Notable practitioners

Kieran McGarrigle frequently advises both local and international insolvency practitioners on a wide range of issues arising from corporate administrations. Dual-qualified in Northern Ireland and England & Wales, he is also regularly called upon to deal with cross-border matters. Sources say he "can quickly get to the core of the issue, advise on the options and guide his client to the right outcome."

About the Team (content provided by Arthur Cox)

Arthur Cox has a team of 18 (4 Partners, 14 Associates).  We offer considerable strength both in terms of resources, knowledge and expertise and experience.    

We are demonstrably the “go-to” firm for the major IPs and accountancy firms practising in this jurisdiction.

We offer:

  • Vast experience of acting for all stakeholders (directors, creditors, lenders and insolvency practitioners) in all industry sectors.  Arthur Cox has close relationships with the key contacts of all the local insolvency practitioners and all of the distressed lending groups in the local banks and private equity funds operating in Northern Ireland.   Kieran McGarrigle sits on the R3 Committee, the resprentative body for insolvency practitioners in Northern Ireland, and he has done for 12 years.

  • Ability and capability to advise on both the more routine security review issues but also on more complex and time intensive/ pressured transactions as our work highlights below demonstrate.

  • Multi-disciplinary and multi/cross –jurisdictional capability. Many solicitors in our Belfast team are qualified to practise in 2 or 3 jurisdictions (e.g. Kieran McGarrigle is qualified to practise in England  and Stuart Mansfield is qualified to practise in England, Republic of Ireland and Northern Ireland).

  • A dedicated Property Finance team which deals exclusively with distressed property sales and the property aspects of any restructuring and insolvency matters in a timely and efficient manner. 

















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Tughans - Restructuring/Insolvency Department

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Band 2

第二等

Chambers Commentary (based on the Chambers research)

Basic facts about the department
- 4 partners
- 10 other qualified lawyers
- Office location: Belfast

What the team is known for Advises corporate clients, and other borrowers, on a full range of restructuring and insolvency matters. Areas of noted expertise include high-value restructurings, schemes of arrangement and asset recovery litigation. Also regularly works with leading insolvency practitioners.

Strengths Clients praise the firm as "technically excellent with procedure and practice."

Work highlights Advised the directors of European Space Propulsion in relation to its solvent liquidation by way of members voluntary liquidation (MLV).

Advised KPMG in relation to its appointment as administrators of Richard Keenan UK, a company that dealt in the sale and leasing of plant and machinery.

Significant clients Horwood Neill Holmes, First Trust Bank, Grant Thornton, Ulster Bank, Bank of Scotland.

Notable practitioners

Toby McMurray leads the department, undertaking a variety of transactional work and matters related to insolvency litigation. Market sources say that "his knowledge base is second to none and he is very easy to approach," while another client highlights his "knack of explaining complex issues to clients in an understandable way."

About the Team (content provided by Tughans)

Department profile not yet provided by Tughans. Please see their firm profile.

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Cleaver Fulton Rankin - Restructuring/Insolvency Department

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Band 3

第三等

Chambers Commentary (based on the Chambers research)

Basic facts about the department
- 5 partners
- 3 other qualified lawyers
- Office location: Belfast

What the team is known for Continues to advise local and national banking groups, companies and insolvency practitioners on the full spectrum of restructuring and insolvency matters. As well as providing general advisory assistance, the team is also adept at advising on disputes. Regularly acts for clients in administrations and liquidations, as well as assisting with asset recovery in relation to bankruptcy.

Strengths One impressed client notes that "they are very attentive, get things done and they can see a commercial outcome."

Work highlights Advised McCambridge Duffy in its capacity as liquidator of department store Austins, advising in respect of the sale of the remaining stock and a surrender of the lease of the premises.

Acted on behalf of the directors of McGrath Bros Engineering in appointing Baker Tilly Mooney Moore as administrators of the company, subsequently advising on employment matters within the administration.

Significant clients HSBC, Bank of Ireland, AIB Bank, Ulster Bank, Cerberus.

Notable practitioners

Jeanette Donohoe takes on both contentious and non-contentious insolvency cases, frequently working on behalf of banks and other lenders. She has particular expertise in asset realisation, frequently assisting with recovery issues for fund clients who have acquired loan portfolios.

Caitriona Morgan regularly assists on personal insolvency assignments, with considerable experience working on a variety of bankruptcy cases. Her practice encompasses both contentious and non-contentious matters and she often works alongside local insolvency practitioners. Clients note that she "provides advice in a clear, easy to understand manner and is always at hand to discuss any necessary issues."

About the Team (content provided by Cleaver Fulton Rankin)

The Insolvency and Business Restructuring team at Cleaver Fulton Rankin is led by Director, Jeanette Donohoe who is consistently ranked as a Chambers’ Ranked Lawyer in this area. Jeanette leads a team of 8 lawyers (4 Directors and 4 other qualified lawyers) each of whom are dedicated specialists in the field of insolvency and restructuring. Quotes from this years Chambers’ edition on the team include; 

"They demonstrate excellent technical ability and service." 

"They offer the full suite of services, a one-stop shop." 

The team specialise in all aspects of contentious and non contentious corporate and personal recovery. They advise banks and insolvency practitioners on all formal insolvency appointments, restructuring and work around. They have extensive experience and are very well known by the Bankruptcy Master and Chancery Judge appearing daily before them.

The team advises on administrations; liquidations; Company Voluntary Arrangements; Individual Voluntary Arrangements; Appointment of Fixed Charge Receivers; review of security; distressed Company and business disposals and restructuring; cross jurisdiction asset tracing and fraud cases; distressed property sales; Director Disqualification; adjustment of prior transactions including preference payments and – Transactions at an Undervalue; possession proceedings; Interim Order Applications; Stays in Advertisement of Bankruptcy; Annulment of Bankruptcy; and Debtor Bankruptcy petitions.

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Mills Selig - Restructuring/Insolvency Department

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Band 3

第三等

Chambers Commentary (based on the Chambers research)

Basic facts about the department
- 1 partner
- 3 other qualified lawyers
- Office location: Belfast

What the team is known for Advises insolvency practitioners and businesses on the full range of matters including IVAs, winding-up petitions and bankruptcies. The firm also undertakes personal insolvency work. The team has additional experience dealing with non-contentious insolvency cases involving pre-pack sales and debt restructurings.

Strengths A source says: "The team is strong overall, providing sound, pragmatic advice to clients."

Commentators add that this is "a professional and reputable firm who are very attentive to client needs."

Significant clients Bank of Ireland, PKF-FPM, Keenan Corporate Finance, Cavanagh Kelly, Gildernew & Co.

Notable practitioners

John Kearns frequently acts for insolvency practitioners in administrations, liquidations and company receiverships. He also advises on debt restructurings and a range of cases related to personal insolvency. Clients praise his "really good knowledge of the courts and his commercial application."

About the Team (content provided by Mills Selig)

Department profile not yet provided by Mills Selig. Please see their firm profile.

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Band 1

Kieran McGarrigle

Arthur Cox

From the Chambers UK guide

Kieran McGarrigle frequently advises both local and international insolvency practitioners on a wide range of issues arising from corporate administrations. Dual-qualified in Northern Ireland and England & Wales, he is also regularly called upon to deal with cross-border matters. Sources say he "can quickly get to the core of the issue, advise on the options and guide his client to the right outcome."

^ See whole ranking table

Band 1

A&L Goodbody

From the Chambers UK guide

Head of restructuring and insolvency Michael Neill is known for working on complex restructurings and administrations, frequently acting on behalf of banks, insolvency practitioners and other financial institutions. Sources say: "He's a very good litigator, very accessible, and very willing to buy into the specific requirements of the client." 

^ See whole ranking table

Band 2

Cleaver Fulton Rankin

From the Chambers UK guide

Jeanette Donohoe takes on both contentious and non-contentious insolvency cases, frequently working on behalf of banks and other lenders. She has particular expertise in asset realisation, frequently assisting with recovery issues for fund clients who have acquired loan portfolios.  

^ See whole ranking table

Band 2

Tughans

From the Chambers UK guide

Toby McMurray leads the department, undertaking a variety of transactional work and matters related to insolvency litigation. Market sources say that "his knowledge base is second to none and he is very easy to approach," while another client highlights his "knack of explaining complex issues to clients in an understandable way."

^ See whole ranking table

Band 3

Mills Selig

From the Chambers UK guide

John Kearns frequently acts for insolvency practitioners in administrations, liquidations and company receiverships. He also advises on debt restructurings and a range of cases related to personal insolvency. Clients praise his "really good knowledge of the courts and his commercial application."

^ See whole ranking table

Band 3

Napier & Sons

From the Chambers UK guide

Licensed insolvency practitioner Brigid Napier of Napier & Sons is mainly known for her handling of personal insolvency cases. She also regularly advises corporate debtors on a range of bankruptcy matters.

^ See whole ranking table

Star Associate

A&L Goodbody

From the Chambers UK guide

Sam Corbett undertakes a range of matters related to insolvency, frequently leading matters related to corporate administrations. He handles a significant amount of contentious work, with experience in bankruptcy and business recovery. Market sources describe him as "unbelievably diligent and very technical," adding that "he clearly loves what he does."

^ See whole ranking table

Associates to watch

Cleaver Fulton Rankin

From the Chambers UK guide

Caitriona Morgan regularly assists on personal insolvency assignments, with considerable experience working on a variety of bankruptcy cases. Her practice encompasses both contentious and non-contentious matters and she often works alongside local insolvency practitioners. Clients note that she "provides advice in a clear, easy to understand manner and is always at hand to discuss any necessary issues."

^ See whole ranking table