Lucy O’Brien

Senior Associate

Insolvency & Restructuring

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Expertise

Lucy is an insolvency and litigation lawyer and conducts a variety of contentious and non-contentious insolvency matters. She deals with appointments of LPA Receivers, administrators and liquidators and advises banks and Insolvency Practitioners on the validity of their security and enforcement options.

Lucy also advises on distressed business sales including pre-packs and has experience in the recovery of assets into insolvency estates by liquidators and trustees in bankruptcy and advises in relation to recovery procedures for lenders.

She is regularly involved in general commercial litigation in the High Court and County Court, including breach of contract and professional negligence claims.

Recent Experience

  • Advising an insolvency practitioner in respect of a pre-packaged administration sale involving a number of companies and complex issues relating to security over book debts.
  • Dealing with technical receivership issues arising prior to and post appointment, including the impact of dissolution of a mortgagor on the LPA Receivers’ powers.
  • Advising a trustee in bankruptcy in relation to a dispute in respect of vested assets with jurisdictional issues.
  • Advising UK liquidators in respect of companies involved in multi-jurisdictional VAT fraud.

Career History

Lucy qualified into the Insolvency, Restructuring and Recoveries team in September 2013 after completing her training contract with Wedlake Bell. Prior to it, she obtained a 2.1 in Law from the University of Reading.

Litigation Factsheet

LPA AND FIXED CHARGE RECEIVERSHIPS

What is the purpose of LPA and Fixed Charge Receiverships? LPA and Fixed Charge Receiverships are a means of enforcing security, allowing a secured creditor (usually a lender) (“Secured Creditor“)Read more

Litigation Factsheet

Shareholder Disputes

How shareholder disputes may arise Disputes between shareholders of a private company are not unusual and can arise over a wide range of issues, including disagreement as to the approachRead more

Bulletins

Agent Provocateur and Mike Ashley – a risque business?

The luxury lingerie business Agent Provocateur was recently sold for around £30m by its private equity owners 3i, in a controversial pre-pack administration to Mike Ashley, the billionaire behind SportsRead more

Bulletins

Breach of warranty is not misrepresentation

In the recent case of Idemitsu Kosan Co Ltd v Sumitomo Co Corp, the buyer in a share purchase agreement alleged that some of the warranties given by the sellerRead more