Biography

Louise is a seasoned restructuring campaigner never one afraid to challenge hierarchy or go that extra mile for her clients. Duly recognised by the profession, being former president of the Insolvency Practitioners Association and the Insolvency Lawyers Association.

Having extensive knowledge and experience of all areas of out-of-court and in-court turnaround, insolvency and capital market matters regularly operating across several jurisdictions, she has been involved in numerous high profile assignments including Bank of Ireland, Allied Irish Bank, Anglo Irish Bank, MG Rover, TXU, Euro Tunnel, Enron, Lehman, Northern Rock, Powerhouse, Homburg Invest II, A-TEC, Co-operative Bank Plc, Phones 4U, Banco Espírito Santo and SFX. She successfully challenged an attempt to guarantee strip in the UK property market which if not successful could have wiped billions of value and the principle of the law of guarantee would have been destroyed.

She has a wide national and international client base: financial institutions, bondholders, steering committees, equity holders, ad hoc committees, insolvency practitioners, major corporations including boards of listed and non listed companies.

She has built a strong reputation in the consumer product and retail work out sector. She has extensive experience in the pension restructuring arena, formerly acting for the Pension Protection Fund (UK Government Life Boat Scheme) corporates and pension trustees.

Her international restructuring assignments include Austria, France, Netherlands, Germany, Italy, Romania, Montenegro, Serbia, Czech Republic, Sweden, Norway, Greece, India, Iceland, Spain, Portugal, Morocco, Africa, Far East and the off shore jurisdictions. Projects relate to infrastructure particularly energy, telecoms, financial products and government projects. Also sovereign debt, regulation, asset management, impact of the EC Regulation, COMI issues, primary and secondary insolvency proceedings across the globe.

Awards

Representation

Some of Louise's high-profile cases include:

Advising an ad hoc group of Anglo Irish Bank’s lower tier 2 noteholders in relation to the bank’s coercive tender offer in respect of the notes and the related restructuring legislation to impose burden sharing on subordinated noteholders.

Advising ad hoc lower tier 2 noteholder groups of Allied Irish Bank and Bank of Ireland in relation to the ongoing restructuring.

Representing US borrowers of loans earmarked for transfer to the Irish National Asset Management Agency (NAMA); providing full legal analysis of NAMA and NAMA legislation, including issues relating to the transfer of the loans.

Advising an ad hoc group of noteholders of notes issued by A-TEC Industries AG, an Austrian company, in relation to the restructuring of the company.

Representing noteholder groups in cases including Northern Rock, Punch, GHG, Fitness First, Nakeel, Artumas and Polestar.

Acting on various Lehman-related matters.

Acting for Legacy Portfolio Fund Management in relation to the workout of redundant lease portfolios with gross liabilities of £450 million.

MG Rover Nederland B.V.: Represented Dutch Liquidators including to a determination of the COMi and successfully attacking the UK administration and major dispute regarding crucial Intellectual Property Rights against Nanjing Automotive.

TXU: Represented major US creditor ($670 million).

Enron: Represented creditors and trade claimants.

KPNQuest: Represented UK Liquidator in relation to the validity of claims. ($750 million) concerning Netherlands, US and UK.

Euro Tunnel: Represented a French bondholder group in relation to the UK proceedings.

Powerhouse (UK retailer) and the Wall Group (New Zealand parent company): Represented a major creditor group made up of British Land, Scottish Widows and Standard Life to challenge the Company Voluntary Arrangement, the Supervisors and the New Zealand compromise. ($700 million)

Dana Corporation: Represented joint venture automotive partner and creditor concerning UK, US, Germany and Slovakia operations.

Collins and Aikman Automotive Floormats Europe B.V.: Represented the Dutch Liquidators.

Acted for the office holders of a group 15 companies including UK, US and Gibraltar. Companies regulated by Financial Services Authority and Financial Services Commission with funds circa £860 million. Litigation to challenge former professional advisors of the group, FSA, and directors (ongoing).

OT Computers (Tiny Computers): Represented Administrators and trustees of Consumer trust.

Advised Law Debenture in relation to Rail Track and Marconi.

Additional Matters

Acting for the Administrators of Lambeth Howarth Group.

Acting for the lenders of Benjys (sandwich store) (46 stores, 7 distribution hubs).

Acting for the investors and funders of Trident Fashions (270 stores).

Acting for the Administrators of Designer Room (290 stores).

Acting for the investors and funders of Bodilson/Traesko (flat pack furniture suppliers and retailers) (69 stores).

Managing the exit of all Littlewoods stores.

Advising Bank syndicate on restructuring of JJB Sports, Poundstretcher and Walton Garden Buildings.

Acting for the Administrators of the House of Bath

Acting for the Trustees of the Pension Scheme of Golden Wonder.

Acting for the Pension Protection Fund; cases have included Sheffield Forgemaster.

Acting for the proposed investors of Allders, Your More Stores, Woolworths, Mark One and DIY Focus.

Education

Admitted Licensed Insolvency Practitioner – 2000
Joint Insolvency Examination Board Exam – 2000
Post Grad Diploma – 1997
University of West of England– 1997
Fellow of Institute of Legal Executives, Conversion to solicitor – 1995
Benenden School – 1972

Bar Admissions

Solicitor of the Supreme Court of England and Wales
Publications
Co-author, "Artificial Intelligence: Change before you have to", Eurofenix, Summer 2017
Co-author, “An acquired taste? The acquisition of NPLs in Europe”, Recovery, Autumn 2016
Co-author, “The New UAE Insolvency Law - Where Are We Now?”, INSOL World, 2016
Co-author, “Amendments to UK insolvency legislation”, International Law Office and INSOL, 2015
Co-author, “A New Regime For Bank Crisis Management”, Eurofenix, Summer 2014
Article, “Female Powerbrokers Q&A: Brown Rudnick's Louise Verrill”, Law 360, 2014
Co-author, “Directors’ duties clarified following a decision on Madoff Ponzi scheme,” International Law Office, 2014
Co-author, “New SIP 16 guidance for pre-pack sales of business assets in administration”, International Law Office, 2014
Co-author, “Assessing client money claims following the MF Global collapse”, International Law Office, 2013
Co-author, “Recovery and Resolution Directive proposed for financial institutions”, International Law Office, 2013
Co-author, "Supreme Court rules financial support directions constitute provable debt”, International Law Office, 2013
Co-author, “Supreme Court rules on Lehman Brothers client money”, International Law Office, 2012
Author, “Insolvency and restructuring: Recognition or not that is the question”, Guide to the World’s Leading Women in Business Law, 2012
Co-author, " Irish and UK cross-border cooperation breaks new ground”, International Law Office
Co-author, "Lehman Brothers fallout”, Euromoney's Global Insolvency & Restructuring Review, 2010-2011
Co-author, "Lehman Brothers fallout”, Eurofenix, Summer 2010
Co-author, “Cayman Island Insolvencies: Looking Ahead to Positive Changes”, The Hedge Fund Journal, October 2008
Co-author, “Subprime Crisis: The Ripple Effect Continues”, Eurofenix, Summer 2008
Co-author, “Corporate Restructuring and Insolvency: Redefined by Today’s Credit Crunch”, Euromoney Yearbook, Global Insolvency & Restructuring Review 2008/09
Co-author, “Collateral Damage; Tracking the Course of the Subprime Virus”, International Securitization and Finance Report, February 15, 2008
Co-author, “Insolvency, Banking and Finance: Banking on Stability”, LegalWeek.com, February 14, 2008
Author, Twilight Trusts Insolvency Intelligence, Issue 10, January, 2008
Author, Hedgefund Review, October, 2007
Author, Powerhouse Challenge Recovery Magazine, August, 2007
Author, Tolly’s Receivership Chapter, 2005
Speaking Engagements
Louise is often invited to be a conference presenter at leading industry events. Recent speaking engagements include:
Speaker, “Bad Banks – regional theory and practice,” INSOL Eastern European Countries’ Committee Conference, April 2014
Panelist, Distressed Debt Conference, September 2014
Speaker, “Cross Border Restructuring and the Global Village – Universalism in 2013,” TMA Europe Annual Conference, June 2013
Speaker, “Liquidation vs. Restructuring: Valuation Issues,” INSOL Europe Annual Congress, September 2013
Panelist, “Cross-border Pension Issues,” INSOL International, Miami 2012
Panelist, “The New Decade: Corporate Finance & Financial Instruments Challenging Old Insolvency Laws,” INSOL Europe, Venice 2011
Panelist, "Sovereign Debt," Houlihan Lokey Alternative Investing Summit, London, May 2011
Speaker, “The Irish Crisis," 2011 RBS Global High Yield Conference, Las Vegas, April 2011
Panelist, Distressed Debt Conference, New York, September 2009
Panelist, “International Insolvency Recent Developments,” IBA Asia- Pacific Forum, Hong Kong, September 2008
Chair, Retail Workout Session, "Success and Failure of the Retail Sector," INSOL International Conference, Shanghai, September 2008
Presenter, “Regulating the Insolvency Office Holder Profession,” INSOL Europe Conference, University of Leiden, The Netherlands, June 2008
Chair, Distressed Investor Conference, London, 2007
Panelist, “Managing Family Owned Businesses,” INSOL International Conference, Cape Town, 2007
Panelist, INSOL Europe Conference for the Cooperation and Communication project session, 2007
Awards and Honors
Chambers & Partners UK 2018 ranks Louise for Insolvency. She is experienced in both in-court and out-of-court proceedings and is praised by clients for being "very knowledgeable about the market."
Shortlisted for 'Large Company Turnaround Professional of the Year', IFT Annual Awards 2017
Winner ‘Louise Verrill as Restructuring and Insolvency Lawyer of the Year’ Lawyer Monthly, Women in Law Awards 2017
Finance Monthly Global Awards 2017 - Restructuring and Insolvency Lawyer of the Year – UK
Shortlisted “Best in Insolvency & Restructuring” - 2016 & 2017 Euromoney Europe Women in Business Law.
Listed in The Best Lawyers in the United Kingdom – Insolvency and Restructuring Law 2016.
Listed in the 2016 edition of Chambers Europe and Chambers Global for Restructuring/Insolvency. Louise “is invaluable in a transaction," say clients. She has a reputation for being "really good at handling insolvencies involving any jurisdiction," and is lauded for her prowess in distressed investment concerns.
Shortlisted “Best in Insolvency & Restructuring” - 2015 Euromoney Europe Women in Business Law.
Finalist in Women of Achievement Awards, Women in the City, Oct 2014.
Listed in the 2014 Finance Monthly Global Awards for “Insolvency & Restructuring Lawyer of the Year.”
Recommended in Legal 500 2014 under corporate restructuring and insolvency: "recommended are team head Louise Verrill at Brown Rudnick LLP, who recently advised the upper tier 2 and preference share retail holders of The Co-operative Bank on its restructuring".
Ranked in Chambers & Partners 2014 “she is recognised in the market as an active and effective practitioner, and is well regarded for her work with bondholders and distressed investors."
Awarded "Best in Insolvency & Restructuring" at 2014 Euromoney LMG Europe Women in Business Law Awards
Listed in the 2013 Summer edition of Eurofenix as a “New Honorary Member.”
Listed in the 2013 edition of Chambers UK for Restructuring/Insolvency. Louise is described as a "dynamic" lawyer who is able to “push through a deal”.
Unanimously inducted in 2013 as an "Honorary Member" of INSOL Europe in recognition of her outstanding work performed on behalf of the Association.
Listed in the 2012 edition of Chambers Europe and Chambers Global for Restructuring/Insolvency. Louise “delivers creative solutions with a view to creating value in transactions.”