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Portrait ofPeter Wiltshire

Peter Wiltshire

Partner

CMS Cameron McKenna Nabarro Olswang LLP
Cannon Place
78 Cannon Street
London
EC4N 6AF
United Kingdom
Languages English, French, Spanish

Peter Wiltshire has been with CMS for nearly 30 years and has worked in the firm’s Restructuring & Insolvency team since qualifying in 1990.

He advises on all aspects of corporate and personal insolvency, with an emphasis on restructuring advice to banks and corporates. Peter's clients include insolvency practitioners, banks and other financial institutions as well as directors and shareholders.

His recent focus has included advising on distressed situations in the Oil & Gas sector, NPL portfolio disposals and various cross border transactions. 

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"Peter is unflappable, accessible and has seen it all."

Chambers UK

"displays 'a thorough grasp of complex issues'."

Director listed company

"articulate and impressive."

Relevant experience

  • Iona UK in restructuring and subsequent administration.
  • NAB in connection with loan portfolio disposals to Cerberus (Projects Chestnut and Henrico).
  • A UK Bank in connection with section 166 FSMA investigation.
  • A syndicate of banks in connection with a Spanish headed group with subsidiaries across Europe and the US.
  • A large property development group restructuring (Original debt profile GBP 1bn).
  • A company side on large UK-based hotel group restructuring.
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Memberships & Roles

  • Member, City of London Law Society Insolvency Sub-committee
  • Council Member and past President, NARA (Non-Administrative Receivers Association)
  • Member, IFT (Institute for Turnaround)
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Education

  • 1987 - Oxford University, Oxford
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Feed

28/11/2023
Leveraged finance: handling an impending financial covenant breach
A forecast breach of a financial covenant is often an early warning sign that a business is not performing to plan. Unless self-help remedies are open to the borrower, lenders will have an opportunity...
27/04/2023
CMS advises Landsec on acquisition of remaining 50% of share of St David’s...
International law firm CMS has advised longstanding client Landsec, the UK’s largest commercial property development and investment company, on the acquisition of the remaining 50% of share of St David’s...
12/01/2023
Companies in distress: directors’ duties and helpful tools
When a company is in financial difficulty, the responsibilities and duties of its directors can change, depending on the financial position of the company. There are scenarios in which directors must have regard to the interests of creditors and potentially even prioritise those over the interests of shareholders. If the applicable duties are not properly discharged, directors can face personal liability and/or dis­qual­i­fic­a­tion. The CMS briefing, Companies in distress: directors’ duties and helpful tools, outlines the risks for directors, practical steps that can be taken to avoid personal liability and the tools available to help with restructuring and rescue of companies in distress.
05/10/2022
The Economic Crime (Transparency and Enforcement) Act – consequences for...
The land registration elements of the Economic Crime (Transparency and Enforcement) Act (“ECTEA”) came into force on 5 September 2022, 5 weeks after the new Companies House Register of Overseas Entities...
23/08/2022
Restructuring and insolvency law in United Kingdom
1. What is the primary legislation governing insolvency and restructuring proceedings in your jurisdiction? Statutory processes available to insolvent companies in the United Kingdom are set out in the...
Comparable
12/05/2021
New Look CVA - grounds of challenge rejected by the High Court
On Monday, the High Court handed down its decision in (1) Lazari Properties 2 Limited, (2) The Trafford Centre Limited, (3) LS Bracknell Limited and 10 Others and (4) Fort Kinnaird Nominee Limited and...
23/02/2021
Company voluntary arrangements (CVAs)
A CVA is a powerful formal restructuring tool that can be used by a debtor company to impose a compromise on unsecured creditors who will not compromise con­sen­su­ally. In 2020, the first full year of...
26/01/2021
Brexit – Consequences for Creditors’ Enforcement Options
The UK left the European Union (EU) on 31 January 2020, but it is only now, after the transition period (which ended on 31 December 2020) that creditors start grappling with the effect of Brexit on distressed...
13/10/2020
A new option for financially distressed companies: the new restructuring...
For many years, a financially distressed company unable to agree a consensual restructuring with its key creditors had only two formal options available to it under English law as part of seeking to...
31/08/2020
Stabilisation and restructuring law in the UK
1. Which financial (not tax or labour) short-term compensation schemes for immediate losses due to social distancing measures have been implemented? For which industries/sizes of business? The UK Government...
01/07/2020
Corporate Insolvency and Governance Act 2020
This briefing note was originally published on 01 July 2020 and has been updated to reflect the law as at 13 October 2020. Introduction On 20 May 2020, the UK Government published the Corporate Insolvency...
07/11/2018
CMS triumphs at TRI Awards 2018
CMS has been awarded ‘Insolvency Law Firm of the Year’ at the prestigious Turnaround, Restructuring & Insolvency (TRI) Awards, held on 6 November in London. The CMS team was recognised for its legal...