Professional Standards Unit

Professional Standards Unit

The Professional Standards Unit is an experienced and dedicated investigation team dealing with cases of misconduct within the insolvency profession.

This may be a one-off investigation on behalf of creditors who feel that they have been unfairly treated, or it may be the investigation of a portfolio of cases (as the successor office holder) following the block transfer of cases from the previous insolvency practitioner who has had their licence withdrawn or removed by their Regulatory Body.

Investigations on behalf of creditors

Creditors will often ask us to investigate concerns about:

  • Excessive fees
  • The failure to investigate former directors, or company affairs
  • The failure to realise assets
  • The failure to investigate connected party transactions
  • The failure to communicate adequately with creditors

Case portfolio investigations

We have extensive experience of investigating case portfolios transferred by way of block transfers from a former office holder including:

  • Identifying areas of misconduct causing a loss to the estate
  • Pursuing claims under Professional Indemnity Insurance
  • Pursing claims under Insolvency Practitioner Bonds
  • Pursuing asset realisations and antecedent claims
  • Identifying statutory breaches and reporting to Regulatory Bodies and The Insolvency Service

Governance, Risk and Compliance (GRC)

We apply the experience we have gained in identifying and remedying statutory breaches and issues of misconduct within the insolvency profession when tailoring advice to our clients on Governance, Risk and Compliance (GRC).

By managing business risk appropriately and ensuring that you have adequate compliance controls in place, your business can avoid fines, penalties and damage to its reputation.

Increasingly, businesses are turning to sound governance to acquire the wider benefits that it creates and become more efficient and effective in managing their business opportunities and risks.

We have also acted for both Insolvency practitioners and creditors when complaints are made against the conduct of an insolvency practitioner, whether to assist with regulatory disciplinary proceedings or court actions to recover funds for negligence and misfeasance.

For further information, please contact one of our team who will be able to assist you.