Paul Keddie Partner

Partner
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Paul advises on a broad range of corporate restructuring and recovery issues.

His clients include companies in financial difficulties, their directors and shareholders, insolvency practitioners appointed over such companies, lenders to and other major creditors of troubled entities, investors interested in a “loan-to-own” strategy and buyers of businesses where there is an insolvency aspect.

Paul’s experience also includes a secondment at Warwick Capital Partners LLP. Paul is a qualified insolvency practitioner, having passed the Joint Insolvency Examination Board examinations in 2013.

Paul is the co-author of the Insolvency and Restructuring Manual, 3rd Edition, published by Bloomsbury Professional Ltd, the "England" chapter of The International Comparative Legal Guide to: Corporate Recovery & Insolvency 2020 and the Corporate Insolvency and Governance Act 2020, also published by Bloomsbury Professional Ltd.

Expertise

Recent work

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Buzz Group

Advising Buzz Group, the UK’s biggest omni-channel bingo business, on a restructuring process by way of a CVA, the injection of new equity and a debt restructuring.

Epiris

Advising Epiris on the acquisition of Casual Dining Group from its administrators.

Credit fund

Advising a credit fund on the restructuring of a borrower in the consumer insurance sector, which resulted in the fund taking ownership.

Administrators of a trio of shopping centres

Advising the administrators of a trio of shopping centres managed by Ellandi.

Better Capital

Advising Better Capital in relation to the "loan-to-own" acquisition of Jaeger.

Administrators

Advising administrators on the pursuit of complex allegations against former, shadow and de facto directors for breaches of fiduciary duty, diversion of corporate interests and fraud.

Sponsor of a national chain of bars

Advising the sponsor of a national chain of bars in connection with its financial restructuring, which included new money facilities and a conversion of certain existing liabilities to equity.

Leading alternative investment firm

Advising a leading alternative investment firm on the acquisition and restructuring of a portfolio of loans secured over shipping vessels.

Next Wave Partners

Advising Next Wave Partners on the acquisition of Petainer and its subsequent refinancing and restructuring.

Bondholders

Advising the bondholders in relation to the restructuring of a Spanish solar power plant.

FRP Advisory LLP

Advising FRP Advisory LLP, the administrators of Fairline Boats.

Atlantic Offshore

Advising the directors of the Norwegian offshore shipping company, Atlantic Offshore, in relation to its restructuring via a pre-packaged administration.

Kew Green Hotels

Advising Kew Green Hotels on its lease and subsequent debt restructuring.

Albemarle & Bond

Advising Albemarle & Bond, the pawnbroking business, on its debt restructuring and subsequent administration.

Administrators

Advising the administrators of City Link, Hunter Kelly, Charles King and Tom Lukic of EY, on the companies’ administration.

ING Bank, Eurohypo and Deutsche Hypothekenbank

Advising ING Bank, Eurohypo and Deutsche Hypothekenbank on the restructuring of £330m retail property investment facilities.

OpCapita

Advising OpCapita on its purchase of the secured debt of the GAME group of companies, then subsequently its purchase of certain of the businesses and assets of those companies from their administrators.

Shareholders of Monarch Airlines

Advising the shareholders of Monarch Airlines on the restructuring of the group and its finances involving the introduction of £75m of new monies.

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What people are saying

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"Paul Keddie is commercial and totally current with his knowledge. He is particularly up to date on industry trends and has excellent experience on cross-border operations."

The UK Legal 500 2023

"Paul Keddie is an excellent lawyer with in-depth knowledge and experience of insolvency law and practice."

The UK Legal 500 2022

"Paul Keddie provides clear and well thought through advice with a real focus on commercial outcomes."

The UK Legal 500 2020

"Paul Keddie is commercial and knowledgeable."

The UK Legal 500 2019

"Paul is an 'excellent lawyer. Thoughtful and commercial in his approach - [he] brings the whole firm's experience to any deal he works on'."

IFLR1000 2018

Quick reads

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In depth

Silicon Valley Bank - what happens now?

Paul Keddie, Jat Bains, Richard Fletcher, Timothy Bromley-White 14 Mar 2023
This article provides information regarding what will now happen to the operations and business of the UK arm of Silicon Valley Bank (SVB UK) after the sale (the Sale) of SVB UK to...
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Silicon Valley Bank Insolvency - key points

Paul Keddie, Jat Bains, Richard Fletcher, Timothy Bromley-White 12 Mar 2023
The Bank of England (the BoE) will apply to put the UK arm of Silicon Valley Bank (SVB UK) into Bank Insolvency, which is a modified version of liquidation under Part 2 of the...
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Balancing members and creditors - the director’s perspective

Dominic Sedghi, Richard Burrows, Paul Keddie, Timothy Bromley-White 11 Oct 2022
In a key judgment, the Supreme Court has confirmed that the directors of a company are under a duty to take the interests of the company’s creditors into account when it enters or...
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