Key Experience

  • Acts for a range of financial institutions on high-value, complex and cross-border disputes.
  • Particular experience in distressed debt and shareholder activism.
  • Previously based in Hong Kong.

Practice

Richard Hornshaw acts for a range of financial institutions on high-value, complex and cross-border disputes. He focuses his practice on finance and securities law matters, as well as insolvency and restructuring situations.

Representative Work

  • Advised the provisional liquidators on a range of complex trust and other issues concerning the assets of an estate. The matter involved an intensive evidence-gathering exercise and separate applications to the English court under Sections 168, 234 and 236 of the Insolvency Act 1986. Worked in a concentrated and coordinated fashion to determine a way forward to enable the liquidators to distribute the funds to estate creditors, thus successfully resolving the dispute.
  • Represented a London-based investment firm to counter efforts of certain minority creditors that were threatening to derail a restructuring led by the client by alleging that the applicable indenture prevented the client from proceeding. Success on the part of the minority creditors could have tipped the company in question into a freefall insolvency with significant job losses and value destruction. The team was able to persuade the English court to determine the relevant legal issues on such a highly expedited basis that the restructuring was completed, and the company averted insolvency.
  • On behalf of a substantial Russian oil company, conducting a hugely detailed factual investigation and an extremely complex legal analysis to bring proceedings in England regarding fraud of approximately $350 million committed by four individuals. Argued successfully before the Court of Appeal, which reached a unanimous decision that the claim should proceed to trial in England.

Speeches

Recognition