Alyson Reilly

Expertise

Alyson is litigation solicitor, specialising in insolvency work. She qualified as a solicitor in England and Wales in 2006. She was admitted as a Cayman attorney in 2012 (currently non-practicing) and became a licensed insolvency practitioner, having passed the JIEB exams, in November 2013. Prior to joining FTI Consulting as a director she held the role of in-house counsel at an offshore recovery and insolvency firm in Grand Cayman and prior to that, spent 5 years practicing as a solicitor specialising in Insolvency Litigation in the UK. She authored the insolvency chapter of Lexis Nexis: Fraud, Law, Practice and Procedure, has been a conference speaker on insolvency issues and has hosted several Business Development events on behalf of her firm. Examples of cases worked on:

• antecedent transactions court proceedings
• possession and sale proceedings for property in bankruptcy estate
• obtaining bankruptcy orders and winding up orders
• schemes of arrangement
• cross border recognition of insolvency proceedings
• misfeasance claims and recovery of unpaid dividends
• led court examination of non-co-operative bankrupt
• acted for directors placing company into administration
• involved in sale and purchase of business of companies in administration
• experienced in interim applications such as pre-action disclosure, summary judgment and directions
• she has also been a court appointed liquidator of a number of Cayman Island companies.

Alison Advises

• Insolvency Practitioners
• Creditors seeking to recover debts/assets
• Directors seeking advice on defending claims
• Companies/directors seeking advice re insolvency issues

Experience Highlights

• Led a team of 9 in the liquidation of the SPhinX Group of companies. A complex liquidation involving 22 hedge fund companies with $500m AUM, significant issues of fraud and poor record keeping.  Worked with stake-holders and London Counsel to negotiate, draft. promote and successfully implement a scheme of arrangement. Return to creditors is expected to be circa 80 – 90c in the $1.
• Acted as joint liquidator (together with Borelli Walsh ) of TYG Capital Fund, a Hong Kong Fund with issues of fraud
• Led proceedings in a multi-million dollar self-petitioned bankruptcy of 2 Cayman residents in conjunction an aggressively pursued yet disputed tax debt of $123m. Worked on various cross border issues including obtaining Chapter 15 recognition in NY, Belgium and Swiss proceedings and the sale of a company owned by the estate.
• Acted for insolvency practitioners in realising assets outside of the UK including Northern Cyprus, Australia, France and South Africa.

Publications

• Rectification of the members register and restitution claims: Powers of a Cayman Islands Liquidator IWIRC magazine
• Cayman Insolvency Glossary of Terms, Insol Magazine
• Authored the Insolvency chapter of Lexis Nexis: Fraud, Law, Practice and Procedure

Awards

Voted as City Wealth 200 top power women 2014  Link to City Wealth publication

Career History

Previous Law Firms

• Clarke Willmot LLP
• Harrison Clark

Previous Businesses

• Director, FTI Consulting
• In-house counsel, Krys Global

Other Qualifications:

• JIEB, licensed insolveny practitioner
• Mediator, London School of Mediation

Education

• Nottingham Law School
• University of Newcastle