We would like to place strictly necessary cookies and performance cookies on your computer to improve our website service.
To find out more about how we use cookies and how you can change your cookies settings, please read our  cookies statement.                
Otherwise, we'll assume you are OK to continue.   Please close this message

Rupert Connell



Financial Services


Financial Services & Funds, Corporate Restructuring & Insolvency

With a background in corporate and commercial law, Rupert has specialised in solvent and insolvent corporate restructuring, along with financial services and finance, for the past 30 years. 

He has acted for all categories of stakeholder including shareholders, directors, debtors, financial counterparties and trade creditors, as well as insolvency practitioners.

He was involved in many well known cases, including Maxwell, Polly Peck and Leyland Daf in the recession of 1990 -1991 and acted as special UK Counsel in the Chapter 11 proceedings of a dual resident US company and its English subsidiary before any reported case of an English debtor obtaining Chapter 11 protection.

More recently, he acted for the insolvency officeholders of certain TXU Europe Limited holding companies in connection with the company voluntary arrangements of the TXU Europe Group (the largest ever CVAs) and subsequent multi-jurisdictional environmental damages claims.

In the financial services field, he advises investment managers, regulated firms and collective vehicles as well as firms that are on the perimeter of regulation on documentation, transactions, regulation and the marketing of investments in the UK.

The combination of this expertise has resulted in his advising on many aspects arising from the financial crisis of 2008.

Rupert is admitted to practise in England and Wales.


  • Advising and representing MasterCard UK Members Forum Limited (in members’ voluntary liquidation) and its liquidators on multi-party claims, with a collective quantum of many hundreds of millions of pounds, brought against it and various MasterCard entities in the Commercial Court by a number of large UK and international retailers alleging infringement of domestic and European competition law
  • Advising the majority shareholders and the new holding company of a multinational medical products group in connection with a solvent reorganisation
  • Advising the liquidators of two overseas members of the Lehman Brothers Group in connection with intra-group claims
  • Advising a leading European fiduciary manager in connection with the establishment and regulation of its UK branch and client documentation