Thank you for sharing!

Your article was successfully shared with the contacts you provided.

Taylor Wessing has taken a lead role on the high-profile Rangers FC administration, advising administrators Duff & Phelps on its move to recover money held by law firm Collyer Bristow. Duff & Phelps confirmed last week (2 March) that it had made an emergency application to the High Court in London to secure money held in the client account of Collyer Bristow, which advised Rangers owner Craig Whyte on his purchase of the Scottish football club in May 2011. A total of approximately £3.6m has now been transferred to Taylor Wessing’s bank account while the High Court decides whether or not it is Rangers’ money. Taylor Wessing confirmed it is acting for the administrators in relation to the London High Court actions, with UK restructuring and corporate recovery head Nick Moser leading the firm’s team. The High Court will hear further representations on the administrators’ claim to the money and a request for further information from Collyer Bristow later this week (8 March). Duff & Phelps said in a statement: “We can confirm that following the court hearing Collyer Bristow paid approximately £3.6m to our lawyers, Taylor Wessing, to be held securely by Taylor Wessing until the High Court decides whether or not it is the club’s money. Collyer Bristow will also disclose to Taylor Wessing details of the payments of funds out of their account on behalf of the club since May 2011.” “Since legal proceedings are ongoing we cannot provide further information but this is a positive step in the administrators’ investigations into the club’s financial affairs.”

This premium content is reserved for
Legal Week Subscribers.


  • Trusted insight, news and analysis from the UK and across the globe
  • Connections to senior business lawyers within the leading law firms and legal departments
  • Unique access to ALM's unrivalled, market-leading reporting in the US and Asia and cutting-edge research, including Legal Week's UK Top 50 and Global 100 rankings
  • The Legal Week Daily News Alert, Editor's Highlights, and Breaking News digital newsletters and more, plus a choice of over 70 ALM newsletters
  • Optimized access on all of your devices: desktop, tablet and mobile
  • Complete access to the site's full archive of more than 56,000 articles

Already have an account?

For enterprise-wide or corporate enquiries, please contact Paul Reeves on Preeves@alm.com or call on +44 (0) 203 875 0651

Dig Deeper


Legal Week Newsletters & Alerts

Sign Up Today and Never Miss Another Story.

As part of your subscription, you can sign up for an unlimited number of a wide range of complimentary newsletters and alerts. Get the timely legal news and critical analysis you cannot afford to miss. Tailored just for you. In your inbox. Every day.

Copyright © 2019 American Lawyer Media International, LLC. All Rights Reserved.