Riz Mokal Called to the Bar 1997

Riz accepts instructions in all aspects of domestic and cross-border insolvency, restructuring, bank resolution, company, commercial, and trust law, and in general commercial litigation.

He regularly appears unled in the High Court (including the Interim Applications Court) and county courts in a broad range of matters, including in relation to winding-up and bankruptcy petitions, administration applications, receivership, company restoration and dissolution, registration of charges, possession orders, injunctions, and public examinations under the insolvency legislation.

Some of the matters in which he has recently been involved include:

  • Lady Moon SPV srl v Petricca & Co Capital Ltd [2018] 12 WLUK 117 — instructed on behalf of the claimant on an application to ‘roll-up’ the hearing of the substantive claim together with the defendant’s challenge to the English Court’s jurisdiction
  • Re Lehman Brothers International (Europe) (2016-2018, High Court in London) — instructed with David Allison QC on behalf of Wentworth in relation to (i) the treatment of claims by Barclays Capital Inc.; the matter involves questions relating to the MiFID / CASS regime, set-off, statutory interest, and a range of equitable doctrines; and (ii) the statutory interest ‘Lacuna’ application
  • Re Z Trust [2018] JRC 119 and [2018] JRC 164 (Royal Court of Jersey) — instructed with Tom Smith QC on behalf of the current trustee (the treatment of insolvent trusts and the rights of the beneficiaries, creditors, and current and former trustees)
  • Beaufort Asset Clearing Ltd & Beaufort Securities Ltd (2018, High Court in London, sitting in private on a without notice application) — instructed first with Tom Smith QC and then with Gabriel Moss QC on behalf of the Financial Conduct Authority (to place an investment bank in the special administration regime, and an associated entity in administration).
  • Re Webinvest Ltd [2018] BPIR 182 — instructed with Antony Zacaroli QC on behalf of the insolvency officeholders (insolvency officeholder conflicts of duty; use of material compulsorily obtained under Insolvency Act powers; disclosure; privilege)
  • Re Ocean Rig UDW Inc (FSD 100-103 of 2017, Grand Court of the Cayman Islands) — instructed with Antony Zacaroli QC on behalf of lenders in relation to a successful restructuring through schemes of arrangement

 

Riz completed his pupillage at South Square in 2005, was an academic member of Chambers for the subsequent decade, and joined as a practicing member in September 2016.

From 2009 to 2013, he served as Senior Counsel to the World Bank and Head of the Bank’s Global Initiative on Insolvency and Creditor/Debtor Regimes. In this capacity, and subsequently as a Consulting Counsel to the Bank, Riz has worked with the governments of some twenty countries in Africa, Asia, Europe, and the Middle East on reform of insolvency and creditor/debtor systems. His work involves policy analyses of existing laws and practices, the development of new legislation, and the training of judges, lawyers, insolvency practitioners, central bankers, and other stakeholders.

Riz Mokal held the Chair of Law and Legal Theory at University College London until 2016 and has since been an Honorary Professor there, is a Visiting Professor at the University of Florence, and has previously held a research position at Cambridge University. His scholarship — which ranges over financial sector regulation, insolvency, property and trusts, and legal theory — has influenced law reform in the UK and the EU, and has been cited with approval by several courts, including the House of Lords, the Australian High Court, and the Courts of Appeal of England & Wales, New Zealand, Ontario, and Victoria.

As leader of the World Bank’s delegation to the United Nations Commission on International Trade Law for many years and then as member of the UK delegation, he is part of the group that authored the forthcoming UNCITRAL model laws on the enforcement of insolvency-related judgments and on the cross-border insolvency of enterprise groups, as well as the revised guide to interpretation of the extant Model Law on Cross-Border Insolvency and the Legislative Guide treatment of directors’ duties in the period approaching insolvency.

Riz sits on the editorial boards of a number of key publications, including International Corporate Rescue.

 

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