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Oliver Rule



Oliver Rule



Oliver Rule is Counsel in Allen & Overy's Litigation & Investigations Group in London, specialising in complex financial litigation with a particular focus on insolvency and trustee disputes.

He has extensive experience of litigating in the English Courts, including victories for many financial institutions, including in the Court of Appeal and the Supreme Court. Oliver has also worked on many high profile restructurings including Virgin Active, Virgin Atlantic Airways, KCA Deutag, Phones 4U and DTZ, and numerous challenging insolvency disputes, for instance arising from the collapses of Greensill, Enron, TXU, Lehman Brothers and the Icelandic Banks.

Oliver was named from 2018 to 2022 by Legal 500 as one of the “rising stars” in the field of Banking and Finance Litigation.

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Experience highlights



One Bishops Square
E1 6AD

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Admitted as solicitor, England and Wales, 2006


MA, Classics, University of Cambridge, 2006

LPC, BPP Law School, 2004

Post Graduate Diploma, Law, BPP Law School, 2003

Other noteworthy experience


  • Virgin Atlantic Airways on its £1.2 billion restructuring, which was first ever UK Restructuring Plan.
  • A trustee in getting the crucial issue that was holding up the Norske Skog restructuring heard and successfully resolved by the English High Court in just ten weeks, thereby saving the company and preserving value for creditors.
  • High Court and Court of Appeal victories, in a dispute relating to notes linked to the official rate of inflation in Argentina.
  • Elavon in the Titan the litigation in successfully arguing in the High Court and Court of Appeal that the Class X noteholders (related to the issuer) were not entitled to increased interest payments following the issuer’s insolvency, thereby preserving significant value for the noteholders in the structure.
  • A Trustee in pursuing claims on behalf of bondholders in the insolvency of Kaupthing, Singer and Friedlander (KSF). This involved pursing a successful appeal to the UK Supreme Court on a novel question of law, which resulted in a significantly increased recovery for bondholders.
  • Man GLG in the Supreme Court in relation to the distribution of client monies from the Lehman Brothers Europe Estate.
  • A number of different financial institutions on close-out calculation disputes under the ISDA Master Agreement following the collapse of the Icelandic Banks.
  • A large US-headquartered global investment adviser on an acrimonious dispute with its debt servicer in both Poland and UK. Achieved a successful settlement and resolution of all issues within 6 months of taking over the matter from another firm.
  • A global bank in defeating a court challenge by a company to the sale of its assets (a large property in Canary Wharf) by way of a pre-packaged administration.
  • DTZ on a successful rescue of the company via a pre-packed administration in the face of challenge from certain shareholders.