Paul Muscutt is a partner in Crowell & Moring’s Corporate group in the firm’s London office. His practice covers all aspects of contentious and non-contentious insolvency, with a focus in the banking and asset-based lending sectors. Paul has acted primarily for financial institutions, insolvency practitioners, and corporate clients.
He is a member of the Legal and Technical Committee for the Asset Based Finance Association (ABFA – part of U.K. Finance) and a member of R3’s Policy Group. Paul is also recommended in The Legal 500 UK in the area of asset-based lending.
Representative Matters
- Secondments to the restructuring teams of large financial institutions.
- Acting for the Swiss liquidator in the 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 sports club on potential insolvency issues.
- Representing companies in relation to the restructuring of £15 million turnover business specializing in flexible office space solutions.
- Acting as trustee 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 the creditors’ committee in the administration of a failed FSA-regulated derivatives broker.
- Representing a company in the trading administration of a theme park and £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 U.K.’s largest online retailer of products for the 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.
Affiliations
Admitted to practice: England and Wales
Publications
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"The Return of Crown Preference – Another blow for Floating Charge Holders," Crowell & Moring’s Restructuring Matters
(September 21, 2020).
Authors: Cathryn Williams and Paul Muscutt.
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"Scam Investment Schemes: All That Glitters Should Not Be Sold," ThoughtLeaders4 FIRE Magazine, Issue 2
(August 2020).
Authors: Paul Muscutt and Cathryn Williams.
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"All change – wide-ranging reforms to UK Insolvency Law," Crowell & Moring’s Restructuring Matters
(July 13, 2020).
Authors: Cathryn Williams, Paul Muscutt and Beth Bradley.
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"The Corporate Insolvency and Governance Act: The Moratorium and just how “super” is Super Priority?" Crowell & Moring’s Restructuring Matters
(July 13, 2020).
Authors: Cathryn Williams, Paul Muscutt, Andrew J. Knight and Beth Bradley.
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"Restructuring Capabilities to Combat the Impact of COVID-19," Crowell & Moring’s Restructuring Matters
(April 2, 2020).
Authors: Cathryn Williams, Paul Muscutt, Mark S. Lichtenstein and Monique D. Almy.
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"COVID-19 Considerations For UK Asset-Based Lenders," Law360
(March 30, 2020).
Authors: Robert Weekes, Andrew J. Knight, Laurence Winston, Cathryn Williams, Paul Muscutt, and Nicola Phillips.
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"Disguised Remuneration Schemes and the Loan Charge," Crowell & Moring's Restructuring Matters
(May 10, 2019).
Author: Paul Muscutt.
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"Retention of title – the unpaid seller v. the asset based lender," Crowell & Moring's Restructuring Matters
(April 9, 2019).
Author: Paul Muscutt.
Client Alerts & Newsletters
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"Restructuring Measures to Combat the Effects of COVID-19,"
Corporate Alert
(April 20, 2020).
Contacts: Cathryn Williams, Paul Muscutt, Andrew J. Knight, Simon Evers, Mark Meyer, Beth Bradley, Amanda Kwagala
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"Coronavirus Business Interruption Loan Scheme – Key Points,"
Corporate Alert
(March 26, 2020).
Contacts: Andrew J. Knight, Paul Muscutt, Robert Weekes, Cathryn Williams, Beth Bradley, Mark Forster, Seye Olufunwa
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"U.K. Government Faces Urgent Pressure to Reform Insolvency Law,"
Corporate Alert
(March 26, 2020).
Contacts: Cathryn Williams, Paul Muscutt, Andrew J. Knight, Beth Bradley, Mark Forster, Seye Olufunwa
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"Coronavirus – Issues for Asset-Based Lenders,"
(March 16, 2020).
Contacts: Andrew J. Knight, Paul Muscutt, Nicola Phillips, Robert Weekes, Cathryn Williams, Laurence Winston
Media Mentions
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Three former Shepherd Cox Group Hotels Brought To Market
August 11, 2020 — HotelOwner
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Investigation Into Scheme After The Grand And The George Hotel Go Bust
June 11, 2020 — The Northern Echo
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Derbyshire Hotel Placed Into Administration After Failing, Investors
June 4, 2020 — The Business Desk
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Crowell & Moring Hires Banking Litigation Partner In London
January 8, 2020 — Law360
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Carlauren Care Homes Group Placed Into Administration
December 1, 2019 — Healthcare Business
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Crown Preference
September 6, 2019 — Economia
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A New Force In Asset-Based Lending
August, 2019 — Business Money
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PE-Backed British Steel Forced Into Liquidation
May 22, 2019 — Law360
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Crowell & Moring Scoops Up Squires Trip
February 25, 2019 — Global Legal Post
Firm News & Announcements