Louise Laing
Solicitor
Louise is a Senior Associate in the Restructuring and Insolvency team at Brodies LLP. She has extensive experience in corporate restructuring and insolvency work, having specialised in the area for over 15 years (including a secondment to a financial institution).
Louise has been involved in a number of high-profile formal insolvency appointments and multi-jurisdictional cases. She regularly advises insolvency practitioners on a wide range of insolvency issues in administrations, liquidations and receiverships and has acted for a number of administrators in achieving objective one: rescuing the company as a going concern.
Louise has particular experience of advising banks and other lenders in relation to security enhancement and enforcement and formal insolvency strategies and appointments. She also has experience in relation to loan and security acquisition transactions and enforcement following on therefrom.
Louise also advises corporates and directors in times of financial difficulty and acts for clients requiring advice in relation to the insolvency of third parties.
Practice Area
Panel
- Scottish Panel
Qualified Year
- 2003
Experience
- DLA Piper Scotland LLP (2004 - 2007)
- Dundas & Wilson CS LLP (now CMS) (2001 - 2004)
Membership
- R3
Qualifications
- LLB (Hons)(European)(First Class) (2000)
- Diploma in Legal Practice (2001)
Education
- University of Strathclyde (2000)
- Glasgow Graduate School of Law (2001)
2 Contributions by Louise Laing
PRACTICE NOTES
Scotland: administrations under the Insolvency (Scotland) (Company Voluntary Arrangements and Administration) Rules 2018, Part 3 – practitioners’ guide to appointments, proposals, expenses, committees, remuneration, distributions, extensions and ending
For the impact of Brexit on Scottish procedures, see Practice Note: Table showing impact of Brexit on jurisdiction to commence insolvency/restructuring proceedings and obtain recognition in other EU Member States.
This Practice Note deals with administrations as provided for in Part 3 of the Insolvency (Scotland) (Company Voluntary Arrangements and Administration) Rules 2018 (ISCVAAR 2018), SI 2018/1082. The ISCVAAR 2018 came into force on 6 April 2019, as did the Insolvency (Scotland) (Receivership and Winding Up) Rules 2018 (ISRWR 2018), SSI 2018/347.
The existence of two instruments reflects the devolution settlement and the divided responsibilities of the Scottish and UK parliaments over corporate insolvency. Consequently, a number of provisions in each set are counterparts of one another.
ISCVAAR 2018, SI 2018/1082, together with ISRWR 2018, SSI 2018/347, were designed to modernise and consolidate the Insolvency (Scotland) Rules 1986 (ISR 1986), SI 1986/1915, the subsequent amending statutory instruments made since the ISR 1986 took effect, and the Receivers (Scotland) Regulations 1986 (RSR 1986), SI 1986/1917. Subject to limited transitional provisions, ISCVAAR 2018 and ISRWR 2018 have entirely superseded the ISR...
Restructuring & Insolvency
PRACTICE NOTES
Scotland: Entering a creditors’ voluntary liquidation—directors’ and members’ steps, QFCH notice, liquidator nomination, statement of affairs and timelines under IA 1986 and ISRWUP Rules 2018 (Part 4)
This Practice Note addresses the initiation of creditors’ voluntary liquidations (CVLs) as provided in Part IV of the Insolvency Act 1986 (IA 1986) and the Insolvency (Scotland) (Receivership and Winding up) Rules 2018 (ISRWUP Rules 2018), SSI 2018/347, r 4.1 (Part 4). It excludes the commencement of members’ voluntary liquidations (MVLs) in Scotland and does not deal with the relevant law, procedure and practice after a CVL has begun and been approved by creditors, through to exit and dissolution.
Scottish Insolvency Rules 2018
The Insolvency (Scotland) (Company Voluntary Arrangements and Administration) Rules 2018, SI 2018/1082, and the ISRWUP Rules 2018, SSI 2018/347 (together, the ‘2018 Rules’), took effect on 6 April 2019. This Practice Note has been revised to reflect the operation of the 2018 Rules. It does not consider any transitional provision, on the basis that few cases are expected to remain to which such provisions would apply. Note also that the 2018 Rules do not extend to LLPs.
CVLs in Scotland
A CVL in Scotland is a voluntary formal insolvency procedure, undertaken for the purpose of winding‑up the affairs of...
Restructuring & Insolvency
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