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Patrick Elliot

Partner

England & Wales

020 3319 3700

patrick.elliot@keystonelaw.co.uk

“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

Patrick is a restructuring and insolvency specialist with more than 20 years’ experience. His broad practice covers advising on all formal processes, including administrations (and pre-packs) and liquidations. He is a cross-border specialist, advising on recognition, recovery of assets and enforcement.

Patrick advises directors, boards and creditors of failed institutional, financial, professional services, retail, and industrial businesses. He also advises on director disqualification issues, bankruptcies, and he 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. His international cross-border work has included acting for US, German, and Russian office-holders.

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.

 

Expertise

Patrick is an experienced advisor in cross-border and domestic insolvency matters, having acted for liquidators, creditors, and trustees in high-profile administrations, CVAs, litigation, and restructurings across Europe and beyond.

Experience

  • 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.
  • Applications for disqualification of directors and reinstatement.
  • Numerous pre-packs, including drafting SPAs.
  • Security reviews.
  • Acting for Russian trustees-in-bankruptcy on recognition under common law and CBIR and recovery of assets
  • Advised on restructuring and closure of Conran Group.
  • Advised TPG on the administration of the Republic retail chain.
  • 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 BVI feeder fund on Madoff claims.
  • 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 MySpace, Co-Operative Bank, Enron, MF Global, Icelandic Banks, and House of Fraser.

Patrick advises corporate and individual clients on data protection compliance, privacy policy drafting, GDPR, and regulatory matters involving cross-border data transfers and liability in the event of data breaches.

Experience

  • 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 numerous retail clients.
  • Author of Advice for Insolvency Practitioners on GDPR in LexisNexis.

Patrick advises on complex, cross-border litigation, including enforcement actions, Supreme Court appeals, and contentious insolvency proceedings involving fraud, financial institutions, and regulatory claims.

Experience

  • Advised Eurofinance on its successful defence to an enforcement claim brought by Rubin & Partners – all the way to the Supreme Court.
  • Advised on the Cattles litigation.
  • 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.

Please note: The experience list above may include examples of work completed prior to joining Keystone Law.

Recognition

Recognised in The Legal 500 Corporate Restructuring & Insolvency 2026

Recognised by The Legal 500 for Commercial Litigation: Mid Market 2023–2024

Officer in the Insolvency Section of the International Bar Association

“Patrick Elliot – 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

Patrick qualified as a solicitor in 1997. Prior to joining Keystone Law in 2019, he worked at the following firms:

  • Brown Rudnick
  • Addleshaw Goddard
  • Berwin Leighton Paisner
  • Simmons & Simmons