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Andrew Foster

Partner, London

Recent experience

  • Acting for the liquidators of two Lehman group companies in considering and adjudicating on inter company proof issues.  Negotiating a multi party release of rights and obligations under sale documentation relating to mortgage backed securities;
  • Acting for various stake holders of Lehman entities in relation to their claims and issues of set-off;
  • Acting for the administrators of a prominent bridging finance company on a Court application for an administration order, the immediate sale of the business and assets, and a debt for equity swap;
  • Acting for the administrators of a £70 million turnover aviation recruitment business in effecting a pre-packaged sale of the business and assets;
  • Acting for a group of major publishing companies in protecting their proprietary interests in stock supplied to Woolworths, Borders, Hughes & Hughes and British Book Shops;
  • Acting on various high value acquisitions and in resolution of disputes for both private equity houses and hedge funds;
  • Representing ABTA in a high profile travel industry fraud. Coordinating a successful application for significant compensation in the Crown Court under the Proceeds of Crime Act 2002;
  • Advising the administrators and subsequent liquidators of the Allders group on various trading, proof and distribution issues;
  • Assisting the administrators of a sub-prime lender on a major fraud investigation, including obtaining worldwide freezing injunctions and utilising statutory powers to obtain key oral and documentary evidence;
  • Robinson & Others v AIG & Others [2006, reported]. Successfully representing the liquidators of a chain of 400 petrol stations on issues relating to the enforceability of subordination clauses and rules of equitable accounting in the Court of Appeal;
  • Capital Bank Cashflow Finance Ltd v Southall [2004, reported]. Successfully representing an invoice financier on issues relating to the enforceability of a personal guarantee in the Court of Appeal;
  • Acting for the administrators of Speedferries Limited in securing the release of a fast ferry from arrest in France and dealing with various claims to rights of ownership over the vessel;
  • Acting for the administrators of the Travelscope group of companies in selling certain assets of the business and dealing with data protection issues.  Acting on the detention of a cruise liner in Madeira in relation to a dispute under a charterparty;
  • Acting for Lombard Asset and Sales Finance in a multi party restructuring of the Vanco Group;
  • Investigating and bringing claims on behalf of various companies used as vehicles for carousel fraud to recover antecedent losses.