Disputes & Investigations

Patisserie Holdings plc

Acting on auditor claims for some £200 million, and associated regulatory and criminal proceedings, relating to the collapse of the Patisserie Valerie chain

First law firm appointment of an independent review process for a major retail bank

Advising Professor Griggs, the Independent Reviewer appointed by Lloyds in relation to the HBOS Redress Programme. This is a substantial investigation into over 50 former HBoS corporate customers, analysis of their claims for compensation and independent assessment of the bank's redress proposals. We are the first firm to handle an independent review process for a major retail bank on this scale. Our mandate continues, with us now advising Professor Griggs on the Quality Assurance Review by Sir Ross Cranston of the HBOS Reading Compensation Scheme itself.

British Steel

White Oak - Advising the senior secured creditor on all aspects of the British Steel insolvency and restructuring and on the complex GBP130m FILO (first -in-last-out) asset based finance structure; we were awarded Finance Team of the Year at the Lawyer awards 2020 for this work.