When a business faces failure, insolvency is often the final step after all attempts at recovery have been exhausted. In such cases, a licensed Insolvency Practitioner is appointed to wind down the company’s affairs and seek to maximise returns for creditors. However, not all creditors may be aware of the insolvency process, and while some companies fail due to misfortune or economic downturns, others may close due to negligence or fraud.

At New South Law, we provide expert consultancy services to a range of stakeholders involved in the insolvency process, including creditors and insolvency practitioners. By collaborating closely with our network of insolvency professionals, we work to develop strategies that maximise realisations for our clients.

Our expert team specialises in the management of regulated businesses within the financial services industry, as well as in other key sectors. Through thorough investigation and auditing, we help to identify the factors that led to a company’s administration. We then provide detailed advice to administrators, creditors, and clients on the available legal actions.

We are frequently instructed in cases involving fraud, asset recovery, professional negligence, and claims related to banking and financial services. These matters often result in litigation arising from breaches of the Insolvency Act 1986 and the Companies Act 2006.

With particular expertise in assisting client creditors of insolvent financial services firms, we provide invaluable support to insolvency practitioners, particularly in fulfilling the obligations set out by the FCA following the GC20/5 Consultation Paper.

Why Choose New South Law?

Our lawyers have extensive experience in handling complex, high-value cases and are skilled at devising pragmatic, commercially driven strategies tailored to meet the needs of our clients. We also work closely with a network of professionals, including IT experts, investigators, and forensic accountants, to gather the critical evidence necessary for developing successful litigation strategies.

In many cases, we represent clients involved in multi-party claims, aiming to maximise recovery from all possible targets. Our approach is both strategic and thorough, ensuring that our clients are well-positioned to achieve the best possible outcome.