Why the client needed our help
We were instructed on behalf of an insolvency practitioner (an administrator), who instructed us to carry out a review of a potential matter. The objective was to determine if there were potential claims that could be initiated by the administrator against the directors of the company in administration.
How we helped
We conducted a detailed review of the case. During this process, we identified potential claims that could be brought against the directors. However, we also found substantial gaps in the evidence required to support these claims and ensure their success. Our analysis indicated that the available evidence was insufficient to substantiate the claims effectively and result in a recovery for the administrators.
The outcome
Our conclusion was that pursuing the claims would not yield substantial benefits for the administrators. The administrators were pleased to receive our written advice, as it demonstrated that they had complied with their statutory duties. Additionally, they acknowledged and accepted our expertise in the matter, appreciating the thoroughness and clarity of our review.
Working with FWJ is always a pleasure. They make us feel very comfortable when we’re uncertain as to the best way forward and provide us with the confidence to strike out and go about our job, knowing they have our back.
Brian Baker, Partner at Moore Kingston Smith & Partners
