Patrick is a restructuring and insolvency specialist with more than 20 years’ experience. His broad practice covers advising on all formal processes including administrations, liquidations, schemes, voluntary arrangements and cross-border enforcement. Patrick regularly acts for the directors and/or creditors of failed institutional, financial and professional services businesses, and retail and industrial businesses. He also advises on director disqualification issues and has restored numerous companies to the register in order to pursue claims against banks.
Having practised as a litigator for most of his career, Patrick uses his vast experience to assist with the contentious aspects of insolvency, such as undoing antecedent transactions, tracing assets and enforcement. He specialises in international cross-border applications for recognition and assistance, most notably with US, German and Russian clients. Having successfully resisted the enforcement of a US judgment before the Supreme Court in the leading case of Rubin v Eurofinance, Patrick has recently acted in the Bedzhamov litigation, also before the Supreme Court.
Patrick’s clients include corporates, insolvency practitioners, distressed investors, bondholder creditors, and individuals faced with bankruptcy, as well as insolvent businesses and their boards.
Patrick also advises on all aspects of data protection.
Patrick has significant weight, experience and knowledge in the field of corporate insolvency. He has acted for me regularly and is very efficient, responsive and cost-effective and I would recommend him.
Fred Satow, Insolvency Practitioner
Expertise
- Administration and pre-packs
- Liquidations
- Winding-up petitions
- Voluntary arrangements
- Contentious bankruptcy
- Schemes of arrangement
- Director disqualification
- LPA receivership
- Cross-border claims (under the CBIR and common law)
- Office-holder negligence
- Undoing antecedent transactions
- Asset tracing
- Negotiations with HMRC
- Board advice
- Company restoration
- Sanctions
- Data privacy – advisory and litigation
- Advising insolvency practitioners on data privacy/GDPR
- Drafting privacy policies
- Conducting data privacy audits
- Advising on DP issues in commercial agreements
- Advising on data export
- Claims for data privacy breach – to the ICO and through court
- Subject access requests and the exercise of data subject rights
Experience
Insolvency
- Advised German liquidators on their claim in the Thomas Cook liquidation.
- Advised creditors of Park First re the CVAs and their claims.
- Advised Dutch liquidators on claims against a leading European bank.
- Advised Russian trustees in bankruptcy on recovering assets from a Russian bankrupt/fraudster (one of the largest in Russian history), including the recovery of movable and immovable assets and an appeal to the Supreme Court.
- Applications for disqualification of directors and reinstatement.
- Numerous pre-packs, including drafting SPAs.
- Security reviews.
- Negotiated bonds for retail investors in the Co-operative Bank.
- Advised TPG on the administration of the Republic retail chain.
- Advised on the Cattles litigation.
- Acted for unofficial unsecured creditors’ committee on Dewey & Leboeuf.
- Numerous instructions on Lehman in the UK, the Netherlands and the US.
- Advised creditors of ATEC (Austrian multinational).
- Advised Eurofinance on its successful defence to an enforcement claim brought by Rubin & Partners – all the way to the Supreme Court.
- Advised insolvency practitioners and banks on administrations, liquidations, schemes and CVAs.
- Advised landlords in relation to attempted guarantee-stripping in a CVA (Powerhouse).
- Advised Peabody (the largest privately owned coal mining company in the world) on its claims against TXU.
- Instructions on Enron, MF Global, Icelandic Banks, House of Fraser.
Data Privacy
- Advised an international security business on GDPR compliance.
- Advised a multinational on data transfer outside the EU.
- Audit and implementation of new data policies at an estate agency.
- Advised an individual on a claim against Companies House for breach of data privacy.
- Drafted privacy policies for a recruitment agency.
Please note: The experience list above may include examples of work completed prior to joining Keystone Law.
Recognition
Recognised in The Legal 500 2025 for Commercial Litigation
Recognised in The Legal 500 for Commercial Litigation: Mid Market (2023-2024)
“Patrick Elliott – exceptional hands-on commitment to the case in hand and round-the-clock availability. Support where needed and excellent value for money.” The Legal 500 2023
Career
Patrick qualified as a solicitor in 1997. Prior to joining Keystone Law in 2019, he worked at the following firms:
- Brown Rudnick
- Addleshaw Goddard
- Simmons & Simmons