Paul Muscutt

Partner

Overview

An experienced bankruptcy and restructuring lawyer, Paul Muscutt’s practice covers all aspects of contentious and noncontentious insolvency, with specific knowledge of contentious work and focus on the asset-based lending sector. Paul acts for financial institutions, private equity investors, insolvency practitioners, directors, and corporate clients.

Paul is a partner in Crowell & Moring’s Corporate Group in the firm’s London office. He is a member of the Legal and Technical Committee for the Asset Based Finance Association (part of UK Finance) and a member of R3’s Policy Group.

Career & Education

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    • University of Plymouth, LL.B., 1998
    • College of Law, Guildford, LPC, 1999
    • University of Plymouth, LL.B., 1998
    • College of Law, Guildford, LPC, 1999
    • England and Wales
    • England and Wales

Paul's Insights

Client Alert | 3 min read | 03.28.24

UK Government Seeks to Loosen Third Party Litigation Funding Regulation

On 19 March 2024, the Government followed through on a promise from the Ministry of Justice to introduce draft legislation to reverse the effect of  R (on the application of PACCAR Inc & Ors) v Competition Appeal Tribunal & Ors [2023] UKSC 28.  The effect of this ruling was discussed in our prior alert and follow on commentary discussing its effect on group competition litigation and initial government reform proposals. Should the bill pass, agreements to provide third party funding to litigation or advocacy services in England will no longer be required to comply with the Damages-Based Agreements Regulations 2013 (“DBA Regulations”) to be enforceable....

Representative Matters

  • Secondments to the restructuring teams of large financial institutions.
  • Acting for a foreign liquidator in a reported case of cross-border insolvency regulations in relation to a large shipping arbitration dispute.
  • Advising financial institutions on the complex restructuring of a leading manufacturer of beds in Europe, Russia, and Asia.
  • Advising a bank on the £110 million restructuring of a coal mine.
  • Advising a financier on the $1.5 billion restructuring of one of the world’s largest independent steel traders.
  • Advising the board of a premier UK football club on potential insolvency issues.
  • Representing companies in relation to the restructuring of a £15 million turnover business specializing in flexible office space solutions.
  • Acting for bankruptcy trustees in the tracing and recovery of assets following a £16 million fraud.
  • Advising a U.S. private equity investment firm on the acquisition of a European airline.
  • Representing creditors on a creditors’ committee in the administration of a failed FSA-regulated derivatives broker.
  • Representing a company in the trading administration of a theme park and a £35 million investment.
  • Representing the administration of an online fashion retailer.
  • Acting for the administrators of a global provider of interactive entertainment products in the gaming industry.
  • Acting as administrator in the administration of the UK’s largest online retailer of products for home and garden.
  • Advising on a cross-border real estate restructuring matter for £150 million.
  • Representing a syndicated lender in the restructuring of a leading wholesaler.

Paul's Insights

Client Alert | 3 min read | 03.28.24

UK Government Seeks to Loosen Third Party Litigation Funding Regulation

On 19 March 2024, the Government followed through on a promise from the Ministry of Justice to introduce draft legislation to reverse the effect of  R (on the application of PACCAR Inc & Ors) v Competition Appeal Tribunal & Ors [2023] UKSC 28.  The effect of this ruling was discussed in our prior alert and follow on commentary discussing its effect on group competition litigation and initial government reform proposals. Should the bill pass, agreements to provide third party funding to litigation or advocacy services in England will no longer be required to comply with the Damages-Based Agreements Regulations 2013 (“DBA Regulations”) to be enforceable....

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Paul's Insights

Client Alert | 3 min read | 03.28.24

UK Government Seeks to Loosen Third Party Litigation Funding Regulation

On 19 March 2024, the Government followed through on a promise from the Ministry of Justice to introduce draft legislation to reverse the effect of  R (on the application of PACCAR Inc & Ors) v Competition Appeal Tribunal & Ors [2023] UKSC 28.  The effect of this ruling was discussed in our prior alert and follow on commentary discussing its effect on group competition litigation and initial government reform proposals. Should the bill pass, agreements to provide third party funding to litigation or advocacy services in England will no longer be required to comply with the Damages-Based Agreements Regulations 2013 (“DBA Regulations”) to be enforceable....