Stephen Downie

Stephen Downie


Stephen is a dual qualified lawyer and ACCA accountant, with over ten years experience in restructuring and insolvency law. He commenced his accountancy training with the Official Receiver and thereafter in several large private practice firms dealing with regulatory and asset recovery matters on behalf of liquidators, administrators, receivers and trustees in bankruptcy before qualifying as a solicitor. Prior to joining FWJ he was a lawyer at a large international law firm with offices in the City.

Stephen is a Solicitor Advocate with experience of commercial litigation matters pertaining to dispute resolution, debt recovery and enforcement.

Stephen has extensive experience advising and acting for clients on commercial litigation, restructuring and insolvency issues. This includes business advisory services and managing instructions on behalf of directors, Liquidators/Administrators and companies in respect of directors duties, directors’ personal and regulatory risks including post insolvency claims for breaches of duties, advising on corporate restructuring including administration appointments and their validity, advising on and assisting with business and asset sales, providing advice on gaining priority in insolvency including secured lending and retention of title claims, leading litigating claims for antecedent transactions, misfeasance, and wrongful trading, variously defending asset recovery claims, partnership claims and property disputes, advising and leading proceedings in partnership disputes, advising landlords with insolvent tenants, dealing with directors duties including matters relating to MTIC fraud (“carousel fraud”), negotiating and leading litigation in shareholder unfair prejudice claims and managing director or shareholder/director disputes and advising on strategic issues.

Stephen also has experience of personal insolvency matters including acting for trustees in bankruptcy proceedings, dealing with the applications for and execution of possession orders (and advising on the defence on such matters), dealing with antecedent claims for the applicant and the defendant and acting for the supervisor or creditors of Individual Voluntary Arrangements.

Stephen also spent a substantial amount of time acting directly for national government in public interest litigated proceedings, including director disqualification proceedings.

Stephen’s previous experience as an accountant included dealing with regulatory matters, forensic services, criminal insolvency matters and administering/managing Administrator/Liquidator appointments.