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Andrew Foster

Partner

People

Andrew Foster

Andrew Foster

Partner

People

Andrew Foster

Andrew Foster

Partner

Full Profile

His team are on the cutting edge of restructuring, contentious and non-contentious insolvency work, including fraud and multi-jurisdictional cases. Andrew acts for insolvency practitioners, private equity houses, banks, two major pensions schemes, asset based lenders and corporates.

Andrew has previously served on the education and conferences committee of R3 and the investigation committee of the Insolvency Practitioners’ Association, one of the recognised professional bodies that regulate the conduct of insolvency practitioners. He is also recognised as a leading practitioner in Who's Who Legal 2019, and as a thought leader in Who's Who Legal: Thought leaders- GIR 2019 for Asset Recovery.

He regularly presents to client groups on up to date legal issues, including the membership of the Insolvency Practitioners’ Association and in house to various asset based lenders.

Experience

Bermuda

Sturgeon Central Asia Balanced Fund

Acting for the joint provisional liquidators of a solvent investment fund on various issues, including recognition of their foreign proceeding, their investigations following the same, and a subsequent termination application in respect of the recognition.

Cayman Islands

Saad Investments

Acting for the liquidators of an investment fund which is one of multiple defendants in a $9.2 billion fraud claim in the Grand Court in Cayman. Actions include obtaining an order from the High Court in London for recognition of the liquidation of the fund as a foreign proceeding under the Cross Border Insolvency Regulations; and following recognition, using section 236 of the Insolvency Act to obtain extensive documentation from financial institutions to assist the liquidators in the proceedings in Cayman. 

France

Administration of Speedferries Limited

Securing the release of a fast ferry from arrest in France via applications in both English and French courts, and dealing with various claims to rights of ownership over the vessel during an administration, including selling the vessel through judicial sale in the admiralty court.

United Kingdom

British Airways Plc

Advising British Airways Plc ("BA") on all insolvency related issues arising out of BA's purchase from KPMG, as the administrators of Monarch Airlines Limited (in administration) ("Monarch"), of Monarch's entire portfolio of take-off and landing slots at London Gatwick airport.

Karen Millen

Acting for the trustee in bankruptcy of Karen Millen in investigating her assets and assisting in realising the same, as well as advising on the pursuit and resolution of various claims arising in the estate, including in the Court of Appeal.

telent Technology Services Limited

Acting for telent Technology Services Limited (“telent”) in respect of insolvency issues arising out of the compulsory liquidation of telent's joint venture partner, Carillion Utilities Services Limited and its ultimate parent, Carillion plc, in respect of  multi-million pound ongoing customer contracts for support and maintenance of critical national infrastructure and installation of superfast broadband, including contracts with British Telecommunications plc.

United States

Pension schemes

Acting for two of the UK’s major pension schemes in contingency planning for the insolvency of the custodians of their cash and assets. The cases included advice on the impact of US insolvency on our clients’ rights and obligations.

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Expertise

Andrew founded the Insolvency and Reorganisation team in 2007 and since then, has developed it into a practice that deals with contentious and non-contentious restructuring and insolvency work, including complex cross border disputes.

Regions covered
Full Profile

His team are on the cutting edge of restructuring, contentious and non-contentious insolvency work, including fraud and multi-jurisdictional cases. Andrew acts for insolvency practitioners, private equity houses, banks, two major pensions schemes, asset based lenders and corporates.

Andrew has previously served on the education and conferences committee of R3 and the investigation committee of the Insolvency Practitioners’ Association, one of the recognised professional bodies that regulate the conduct of insolvency practitioners. He is also recognised as a leading practitioner in Who's Who Legal 2019, and as a thought leader in Who's Who Legal: Thought leaders- GIR 2019 for Asset Recovery.

He regularly presents to client groups on up to date legal issues, including the membership of the Insolvency Practitioners’ Association and in house to various asset based lenders.

Experience

Bermuda

Sturgeon Central Asia Balanced Fund

Acting for the joint provisional liquidators of a solvent investment fund on various issues, including recognition of their foreign proceeding, their investigations following the same, and a subsequent termination application in respect of the recognition.

Cayman Islands

Saad Investments

Acting for the liquidators of an investment fund which is one of multiple defendants in a $9.2 billion fraud claim in the Grand Court in Cayman. Actions include obtaining an order from the High Court in London for recognition of the liquidation of the fund as a foreign proceeding under the Cross Border Insolvency Regulations; and following recognition, using section 236 of the Insolvency Act to obtain extensive documentation from financial institutions to assist the liquidators in the proceedings in Cayman. 

France

Administration of Speedferries Limited

Securing the release of a fast ferry from arrest in France via applications in both English and French courts, and dealing with various claims to rights of ownership over the vessel during an administration, including selling the vessel through judicial sale in the admiralty court.

United Kingdom

British Airways Plc

Advising British Airways Plc ("BA") on all insolvency related issues arising out of BA's purchase from KPMG, as the administrators of Monarch Airlines Limited (in administration) ("Monarch"), of Monarch's entire portfolio of take-off and landing slots at London Gatwick airport.

Karen Millen

Acting for the trustee in bankruptcy of Karen Millen in investigating her assets and assisting in realising the same, as well as advising on the pursuit and resolution of various claims arising in the estate, including in the Court of Appeal.

telent Technology Services Limited

Acting for telent Technology Services Limited (“telent”) in respect of insolvency issues arising out of the compulsory liquidation of telent's joint venture partner, Carillion Utilities Services Limited and its ultimate parent, Carillion plc, in respect of  multi-million pound ongoing customer contracts for support and maintenance of critical national infrastructure and installation of superfast broadband, including contracts with British Telecommunications plc.

United States

Pension schemes

Acting for two of the UK’s major pension schemes in contingency planning for the insolvency of the custodians of their cash and assets. The cases included advice on the impact of US insolvency on our clients’ rights and obligations.

Services

Services

  • Insolvency & Reorganisation