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John has specialised in insolvency since 1994 and has a broad range of experience in all aspects of restructuring, insolvency and turnaround legal advice. John advises on both non contentious and contentious matters.
His clients include a significant number of banks/lenders, insolvency practitioners in the North West, directors of distressed businesses, creditors and debtors. John has a particular expertise of fixed charge and LPA receivership having acted on numerous receiverships.
John Vickery is "experienced" - Legal 500 2015
“This case illustrates the dangers for insolvency practitioners of entering a CFA which doesn’t include an express term that the insolvency practitioner’s liability to pay his solicitor’s costs, success fee and disbursements (including any ATE insurance premium) will only arise if a recovery is made from the opponent to the proceedings.
“Our Support4Dispute CFA and ATE Insurance product is designed specifically for Insolvency Practitioners and includes express terms which provide that the Insolvency Practitioner only becomes liable for costs, success fee and disbursements if a recovery is made.”
This announcement is welcome news for insolvency professionals and we look forward to further details in the near future. What it does mean is that combined with our Support4Dispute product, IPs will be able to recover more assets for the benefit of creditors with no financial risk and uncertainty.”
This product has been developed specifically for the IP sector and addresses all of the financial issues relating to why they may be reluctant to pursue litigation claims.
“Quite simply, the Support4Dispute service that we provide takes the gamble out of insolvency litigation and enables IPs to launch legal actions far more easily following an insolvency, without having the risk of having to pay their own legal fees or a hefty ATE insurance premium where no actual recovery is made or the opponent’s legal fees if the litigation is unsuccessful.”
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