BethanyAdams (Beth)

Associate

London + 44.20.7039.5148

Beth Adams practices commercial litigation and arbitration, with a particular focus on fraud, insolvency, and trust disputes for a range of clients, including insolvency practitioners and high net worth individuals.

Beth's recent experience includes acting for a Kazakhstan bank in tracing assets and pursuing claims in England and Wales against several alleged fraudsters domiciled in a number of jurisdictions. In recent months, the claimant has made several successful applications for interim relief in the courts of England and Wales and Cyprus (including for Norwich Pharmacal relief and freezing orders) in support of their claims that are valued at more than 30 million U.S. dollars. Beth has also assisted in the ongoing defense of two high net worth individuals in claims of fraud and deceit involving Liechtenstein trust structures. Such claims were brought in the High Court and successfully referred to arbitration pursuant to section 9 of the Arbitration Act 1996.

Previously, Beth acted for the insolvency officeholders of UK high street retailer BHS (one of the highest profile retail insolvencies of recent years with outstanding debt of more than £1bn) on the wind-down of the business and investigations into the company's affairs. She also acted for the joint administrators of Angelic Interiors Limited in their investigations regarding the fraudulent misappropriation of Angelic's assets by the company's former sole director and shareholder. The assets were repatriated using a variety of Insolvency Act applications following a successful application for interim injunctive relief.

Experience

  • Kazakh bank pursues US$30 million fraud claims in England and WalesJones Day acts for a Kazakh bank in tracing assets and pursuing claims in England and Wales arising out of a significant fraud perpetrated against the bank valued at approximately US$30 million.
  • Joint administrators of Angelic Interiors seek insolvency advice relating to Triangle Site assetsJones Day acted for the joint administrators of Angelic Interiors Limited (in administration) in relation to a number of applications made under the Insolvency Act 1986.
  • Blackstone Group invests €175 million (US$196.4 million) in Superbet RomaniaJones Day advised The Blackstone Group in its €175 million (US$196.4 million) minority equity investment in Superbet, the largest omni-channel sports betting and gaming operator in Romania.
  • Hansteen Holdings sells portfolio of four multi-let industrial estates to Warehouse REIT PlcJones Day advised Hansteen Holdings PLC in connection with the sale of a portfolio of four multi-let industrial estates (Radway Green, Roman Way, Nexus, and Pikelaw) to Warehouse REIT Plc for £26.25 million.
  • Loxo Oncology acquires drug development program from administrators of RedXJones Day advised biopharmaceutical company, Loxo Oncology, Inc., in connection with its $40 million acquisition of a drug development program aimed at treating leukemia from the administrators of RedX Pharma Plc.
  • Hansteen completes acquisition of Industrial Multi Property Trust PLC sharesJones Day advised Hansteen Holdings PLC in connection with a voluntary recommended cash offer of £25,228,560 (US$31.3 million) for the entire issued share capital of Industrial Multi Property Trust PLC, an Isle of Man close-ended property investment company admitted to trading on the Specialist Fund Segment of the Main Market of the London Stock Exchange.
  • Oxenwood Real Estate acquires £286 million (US$366.9 million) Ultrabox logistics portfolioJones Day advised Oxenwood Real Estate LLP on its joint venture with a Canadian institutional investor and the acquisition by that joint venture of the Ultrabox portfolio of nine prime logistics assets in the UK totaling 3.87 million sq. ft. for £286 million (US$366.9 million).
  • Fourth Alcuin Fund acquires minority stake in Air Charter ServiceJones Day represented The Fourth Alcuin Fund LP, a fund managed by Alcuin Capital Partners LLP, in connection with its minority stake investment in Air Charter Service, a global leader in providing aircraft charters.
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