Band 6
Provided by Glen Flannery
Glen is a Partner in our Restructuring & Insolvency team. He co-heads CMS’s restructuring & insolvency group. He qualified in 2003 and became a partner in the business in 2007.
Glen advises boards of directors, debtors, creditors, insolvency practitioners, investors in distressed assets, and a variety of other stakeholders, at all stages of the decline and recovery curves.
This includes advising on directors' duties, restructuring plans, contingency planning, security package enhancements and enforcement, distressed asset sales and acquisitions, loan-to-own strategies, solvent reconstructions, counterparty insolvency issues, mitigation of insolvency risk in transactions, insolvency investigations and insolvency related claims.
During his career, Glen has guided many boards and helped multiple clients to structure and implement successful business rescues. Among a wide spectrum of cases, he has led complex debtor-side restructuring projects for British Steel, Harland & Wolff, Costcutter, Hoover and UK Coal.
Glen has also led many major international and cross-border mandates, involving use of the European Insolvency Regulation, the UNCITRAL model law on insolvency and other cross-border tools. He often helps overseas clients to resolve UK and cross-border conflict of law issues. Past cases include Gazprom, Hydrodec, Lowcosttravelgroup, Stanford International Bank, Kaupthing Singer & Friedlander, Lehman Brothers, the Niton Fund, Eurodis and Crisscross/Dynegy.
R3 (the UK Association of Business Recovery Professionals)
R3’s Education Courses & Conferences Committee
The Insolvency Lawyers Association
INSOL Europe
INSOL International
“Harmonisation of insolvency avoidance actions in Europe: the UK perspective”, CMS Law-Now, January 2024.
“Pre-packs – the UK’s approach”, INSOL International Bulletin, August 2023.
“Re Avanti Communications Ltd (In Administration) 2023: fixed or floating charge – a spectrum of control?”, CMS Law-Now, May 2023.
“Pandemic-era CVAs and beyond”, R3 Recovery Magazine, published Summer 2021.
"The Rise and Rise of CVAs - Impact on Pension Schemes", PLC Magazine, published October 2019.
"Brexit - implications for restructuring and insolvency: a British and Dutch perspective", published in the 7 November 2016 edition of Tijdschrift Financiering, Zekerheden En Insolventierechtpraktijk.
"Lowcosttravelgroup insolvency shows why UK needs Euro Reg", published in the August 2016 edition of Global Turnaround.
"EU forges ahead with restructuring reforms, despite Brexit Vote", published in the May 2016 edition of Global Turnaround.
"UK pre-packs endorsed, but 'clean-up' recommended", published in the Autumn 2014 edition of Eurofenix.
“Registration and publication of judgments opening insolvency proceedings under the EC Regulation (with reference to the Crisscross Communications case)“, Tolley’s Insolvency Law & Practice, 2005.
Glen was previously the UK editor of Colliers International Business Insolvency Guide.
Provided by Chambers
Glen Flannery is co-head of the global restructuring and insolvency team at CMS. He expertly assists a broad client base consisting of debtors, creditors and insolvency practitioners. He also has expertise in the retail and energy sectors.
Provided by Chambers
Glen is one of my go-tos for very technical issues, particularly with overseas aspects. He really comes into his own and thrives on these.
Glen is one of my go-tos for very technical issues, particularly with overseas aspects. He really comes into his own and thrives on these.