Lisa Linklater QC

Call 1995
Silk 2022

“Lisa is meticulous, very, very sharp, and has a wealth of knowledge. Always well prepared and an excellent advocate."

Legal 500 2022 (Tier 1 - Company and Insolvency)
Photo of Lisa Linklater QC

Practice Overview

Lisa Linklater QC specialises in litigation and related advisory work in the following practice areas:

  • Shareholder disputes (unfair prejudice petitions, just and equitable winding up petitions, derivative claims and breaches of shareholder agreements);
  • Partnership and LLP disputes;
  • Joint venture disputes;
  • Claims against directors;
  • Corporate insolvency and restructuring (administrations, liquidations, CVAs, the new moratorium and restructuring plans):
    • Claims against directors and accomplices (including breaches of directors’ duties, misfeasance, knowing assistance, knowing receipt, conspiracy, wrongful trading, loan accounts and unlawful dividends);
    • Office holder claims (e.g. transactions at an undervalue, transactions defrauding creditors and preferences);
    • Asset recovery (e.g. trusts, real property, tracing and retention of title);
    • Issues relating to fixed and floating charges;
    • Cross-border issues;
    • Contested administration applications and winding up petitions and
    • Challenges to CVAs.
  • Contractual claims (particularly share and business sale agreements);
  • Law of Property Act receiverships; and
  • Proprietary estoppel.

Lisa has been consistently recommended by Chambers & Partners UK and Legal 500 as a leading junior in the fields of company, insolvency, commercial dispute resolution and Chancery for many years, being top-ranked by Chambers & Partners UK in commercial dispute resolution and by Legal 500 in company and insolvency at the time of her taking silk.

Recent highlights of Lisa’s case-work include:

Shareholder Disputes

  • Acting for Petitioners and Respondents in numerous substantial and high value unfair prejudice petitions under s994 Companies Act 2006, derivative actions and just and equitable winding up petitions in respect of privately owned companies in a variety of sectors and involving a range of inter-personal relationships between the shareholders.
  • Current and recent cases include a multi-million pound claim for a Petitioner whose share in a company in the energy sector is held on trust, allegations of tax evasion, shares transmitted on the death of a shareholder and a petition involving four companies.

Corporate Insolvency

  • Advising joint administrators in respect of the distribution of realisations of £7m, involving cross-border issues and novel points of law.
  • Securing a favourable settlement for the defendants to a £5m misfeasance and transaction defrauding creditors claim, brought by the liquidators of an offshore partnership that had moved onshore.
  • Advising a construction company as to whether claims in excess of £1m for alleged breach of a design and construction contract for residential housing were within or outside a company voluntary arrangement.

Commercial Litigation

  • Successfully acted for construction company in claim for specific performance of contract to purchase land with a contract value of £4m in a dispute that had lasted 10 years.
  • Acting in a factually and legally complex property dispute within a family spanning 40 years in respect of a property portfolio valued at c. £4m and alleged partnership, in which she has been leading other Counsel.

Commercial Fraud

  • Successfully obtaining the withdrawal of an appeal against an assessment of over £1m in a complex MTIC tax fraud involving precedent legal issues and in which the fraud had taken place in Poland and Hungary.

Lisa is acclaimed for her excellent and versatile written and oral advocacy at trial, in mediation and in applications. She is an extremely effective trial advocate, skilled in cross-examination of both factual and expert witnesses, including forensic accountants.

Lisa positively leads teams through the demands of legally and factually complex litigation and makes sound strategic decisions on challenging issues under pressure. She brings a creative and practical perspective to legal issues in a commercial context and is adept at applying the law both within and outside her specialist areas of practice. Lisa also uses her commercial acumen in her case-work.

Lisa served as Junior Counsel to the Crown (Attorney General’s Regional Panel) for three consecutive terms and was regularly instructed by BEIS in complex company director disqualification applications, provisional liquidator applications and public interest winding up petitions and by HMRC in MTIC fraud and many precedent cases.

Lisa is widely published in her fields of specialism, including in Sweet & Maxwell’s Insolvency Intelligence, R3’s Recovery and the Company Lawyer. She is a member of the editorial advisory board of the Company Lawyer. Recent seminars by Lisa include shareholder disputes, directors’ duties and the new moratorium and restructuring plans introduced by the Corporate Insolvency and Governance Act 2020. She is a panellist at the 39th International Symposium on Economic Crime at the University of Cambridge. Lisa is also a member of the advisory board of the Centre for Business Law and Practice at the University of Leeds.


In addition to the above recent highlights, the following are further illustrations of Lisa’s depth of experience in her specialist fields of practice:


Lisa has a very strong practice in shareholder disputes, built from extensive experience and repeat instructions in this area.

  • Lisa is currently instructed in numerous factually and legally complex shareholder disputes in a variety of sectors for Petitioners and Respondents in the HC (2020 – 2021).  She has recently drafted an unfair prejudice petition in a multi-million pound claim for a Petitioner whose share in a company in the energy sector is held on trust.
  • Hopkinson v Hopkinson (2021): unfair prejudice petition involving a substantial company in the retail sector and cross-claim for proprietary estoppel of shareholding.  Resolved favourably at mediation before 2 week HC trial on liability.
  • Unwin v Bond [2020] EWHC 1769 (Comm), a precedent case on good faith clauses in shareholder agreements and one of the first trials to take place remotely in the wake of the Covid-19 pandemic.
  • MFW Developments Ltd [2019] EWHC 3725 (Ch): Successfully obtained rare “Wallersteiner” indemnity order, permission to continue derivative claim, injunctions and subsequent appointment of receiver over £1m. Claim against director is for misappropriation of £2.5m from the company.
  • Hague v Greenwood & ors [2019] EWHC 699 (Ch): Acted for director/shareholder, alleged to have diverted contract for supply of materials for construction of flood defences in North Yorkshire, in defending derivative action and related claims to land owned by the director/shareholder in 2 week trial.
  • Secured settlement of just under £1 million for a shareholder in unfair prejudice petition proceedings involving a company specialising in niche pipeline product supplies, just before a 5-day trial (2018) (High Court, Manchester).
  • Successfully advised and acted for shareholders in valuable crowd-funded property development company in Cheshire in realising their investment by just and equitable petition (2018).
  • Akyol v Icel [2017] EWHC 3280 (Ch): 2-week HC trial of unfair prejudice petition before HHJ Klein sitting as a High Court Judge. Very complex factually, involving 3 companies & 27 claims spanning 30 years, cross-examination of factual and expert witnesses and very high emotions. Lisa secured the dismissal of 90% of the claims and the reduction of the claim of over £1 million by 50%.
  • Advised and represented an equal corporate shareholder of a special purpose company whose business was to install and operate a wind turbine on a remote island in Scotland in just and equitable petition and alleged breach of shareholders’ agreement (HHJ Kaye QC sitting as a High Court Judge) (2016) (High Court, Leeds).
  • Lisa successfully acted for the Claimant in obtaining just under £1 million in a contractual dispute between equal shareholders in companies with the benefit of options to develop land for housing in North Yorkshire. The case settled on the first day of a 7-day trial in the Chancery Division before HHJ Behrens sitting as a High Court Judge (2015) (High Court, Leeds).
  • Successfully acted (with Mark Cawson QC of Exchange Chambers) for a minority shareholder in a major print business in Yorkshire, obtaining a share sale order by an unfair prejudice petition (2013) (High Court, Leeds).


Lisa has been recommended as a leading barrister in insolvency in legal directories for many years. She continues to be a very popular choice for a variety of instructions in both corporate and personal insolvency. Further detail is included in Lisa’s insolvency website entry.

  • Acting for the defendants to a £5 million misfeasance and transaction defrauding creditors claim, brought by the liquidators of an offshore partnership.
  • Laurence Bassini v Inner Circle Investments Limited & ors [2019] EWHC 3024 (Comm)(Snowden J): Successfully acted for the administrator of the holding company of Bolton Wanderers football club in obtaining indemnity costs following an unsuccessful application for an injunction.
  • Assisting liquidator in claims of over £1 million against directors for breaches of their duties and wrongful trading where complex limitation issues arise (2018 – 2019).
  • Acting for defendant directors and parent company in obtaining an early and favourable settlement of threatened claim by liquidators for breaches of directors’ duties, unlawful dividends and transfer of assets at an undervalue, valued at over £1 million (2018).
  • Obtaining an income payments order of in excess of £500,000 for trustees in bankruptcy in a bankruptcy involving complex financial dealings (2018).
  • Re Graico Property Co Ltd (in administration) [2017] BCC 15 (Norris J)
  • Successfully obtaining settlement for Defendants to serious claims of knowing assistance, knowing receipt and related tracing claims, brought by a company registered in Gibraltar, acting by its liquidators where the claims and costs were in excess of £1 million. The case settled at the court door (2017) (High Court, Manchester).
  • Successfully representing a former multi-millionaire, made bankrupt following his participation in an aggressive tax scheme, in opposing an application by his trustee in bankruptcy to suspend his discharge from bankruptcy on grounds of alleged failure to cooperate (2015).
  • Pettit v Novacovic [2007] BCC 462 (Norris J) Succeeded in obtaining payment from agent who had received monies, post-bankruptcy, distinguishing Hollicourt (Contracts) Ltd v Bank of Ireland in bankruptcy context. Acted on behalf of office holder.
  • Re Johnson [2006] BPIR 987 (HHJ Roger Kaye QC) Represented Official Receiver in precedent case on application by discharged bankrupt for an annulment.


Lisa has a very strong practice in directors’ duties, both in shareholder disputes and claims against directors in liquidations and administrations, examples of which are set out above.


Lisa has a very busy practice in contractual disputes in which her commercial acumen and attention to detail are valued. She has particular experience in share sale and business disputes.

  • Currently instructed in a number of claims in share sale and business disputes (2021).
  • Acting for Claimant in claim for specific performance of contract to purchase valuable land (High Court, Leeds) (2020 – 2021).
  • Advising a local authority on successfully exiting an onerous contract relating to mortuary services (2019).
  • Successfully defending a claim under a joint venture agreement and by proprietary estoppel to a valuable quarry at an 8-day trial (High Court, Leeds, 2019).
  • [2019] EWHC 546 (Ch) and [2019] EWHC 1928 (Ch): Successfully defended challenge to the English High Court’s jurisdiction and claim that England was forum non conveniens, securing payment of debt and withdrawal of claim in Northern Ireland for over £1.7 million.
  • Representing a Yorkshire Fastest 50 company in defending a claim brought by a commercial agent for in excess of £2.5 million in alleged unpaid commission (2018).
  • Advising in alleged breach of contract claim relating to project in Dubai (2018).
  • Successfully acted for sellers of shares in claim against purchasers for breach of share purchase agreement involving a company providing car repair services for insurers. Case settled before issue of proceedings (2017).
  • Atlantisrealm Ltd v Intelligent Land Investments (Renewable Energy) Ltd [2017] EWCA Civ 1029, [2017] C.P. Rep. 39, [2017] EWHC 564 (TCC): Acted for the Claimant in a substantial claim of over £1 million for breach of warranties in a share purchase agreement involving a wind farm in Scotland. The case settled before a 10-day trial and following a high-profile appeal centred on disclosure of legally professionally privileged documents by the Defendant.
  • Lisa successfully acted for a major commercial landscaping company in obtaining settlement of a claim of just under £1 million in the Mercantile Court against a local authority. The claim was for breach of a public sector contract relating to groundworks in parks, schools and other amenities under the control of the local authority (2015) (High Court, Leeds).
  • Successfully defended seller of shares in claim for alleged breach of warranties in a share sale agreement relating to a debt collection company in a case involving complex forensic accounting issues on the issue of liability (2015) (High Court, Birmingham).


In addition to the cases noted above, Lisa has a wealth of experience in acting for a range of businesses in a variety of commercial disputes.

  • Wybone Limited: Successfully defended serious allegations for injunction against client in respect of management of successful company. (2020)
  • [2019] EWHC 546 (Ch) and [2019] EWHC 1928 (Ch): Successfully defended challenge to the English High Court’s jurisdiction and claim that England was forum non conveniens, securing payment of debt and withdrawal of claim in Northern Ireland for over £1.7 million.
  • Northgate Lighting Limited v Brite Source PTE Limited (2019): Acted for Singaporean company in disputed winding up petition relating to lighting supplies valued at $2.2 million worth of supplies.
  • Acted for Sports Direct in defending emergency application for delivery up of items in High Street stores following the purchase of House of Fraser (in administration) (2018).
  • Representing company that bought a pharmaceutical business from a company in administration in claims brought by the administrators that the terms of the business sale agreement have been breached (2017) (High Court, Manchester).
  • Successfully defended a leading Cheshire restaurant business at a 5 day trial in Manchester in claims by a residential neighbour seeking to close the restaurant on grounds of alleged noise and smell nuisance and breach of restrictive covenant (2016) (Manchester).
  • Successfully defending injunctive relief proceedings brought by a major manufacturer of bed products that had purchased a portfolio of properties from administrators in a “fire sale” and obtaining a favourable settlement of claim before a six day trial. The claim centred on allegations of civil fraud and was related to high profile criminal proceedings relating to the premises (2016) (HHJ Behrens sitting as a High Court Judge, Leeds District Registry).
  • Successfully obtained freezing order for leading travel company, based in Yorkshire (2015) (HHJ Saffman sitting as a High Court Judge, Leeds).
  • Advised and represented leading household name in the energy sector in dispute relating to power station in the North West (2015)(High Court, Manchester).
  • Obtained injunction on behalf of an academy in West Yorkshire to help secure pupils and employees following violent threats by a pupil (2014).
  • Close Asset Finance Limited v B & ors: Defended application for repossession of specialist machinery, used to make medical milk for export pursuant to licence, and subject to hire purchase agreements, brought by finance house. The first hearing of the application settled, preserving use of machinery for client during administration (2015) (HHJ Kaye QC sitting as a High Court Judge, Leeds District Registry).
  • Oxford RFS v AP & ors (2013) (Briggs J) Successfully obtained an interim injunction on behalf of a company against a former employee restraining use of confidential information and records taken in a developing technology in the energy sector and subsequently successfully settled claim.
  • Paragon Mortgages Ltd v MP [2011] All ER (D) 65 (David Steel J) Acted for borrower in multi-million pound claims under guarantees and on personal mortgages of buy to let properties in Leeds where LPA receivers had been appointed.
  • Lowes v W Machell Joinery Ltd [2011] EWCA Civ 794, [2012] 1 All ER (Comm) 153 and [2011] EWCA Civ 798 (Rix LJ, Lloyd LJ and Lewison J) Whether a staircase was unfit for purpose under the Sale of Goods Act 1979 due to non-compliance with Building Regulations and the extent to which new points may be taken on appeal and costs consequences.
  • GE Money Home Lending Ltd v H C Wolton & Sons Ltd (t/a Wolton Chartered Surveyors) [2010] All ER (D) 116 (May) [2010] PNLR 28 (HHJ Behrens) Whether or not claim form in professional negligence proceedings could be amended in respect of name of one of the parties outside limitation period.
  • Michael Gerson (Leasing) Ltd v Loach and others [2002] All ER (D) 147 (Jul) (Court of Appeal) (Pill LJ, Robert Walker LJ and Sir Martin Nourse) Succeeded in appeal on issue of construction of chattel leasing agreement.


Lisa has depth of experience in partnership and LLP disputes.

  • Currently acting in dispute relating to alleged property partnership involving £4 million of assets (2020 – 2021).
  • Acting for defendant for claims of approximately £1 million in respect of solicitors’ partnership in legally and factually complex claim. Case is still ongoing and involves complex limitation issues and an entangled factual history (2020).
  • Representing a partner in a family farming partnership in a dispute involving an enviable Yorkshire Wolds arable farm valued in excess of £6 million in which a proprietary estoppel claim was made (2018).
  • Representing a partner in a family farming partnership in a dispute with assets valued at in excess of £2 million (2018).
  • Advising a liquidator of a LLP in respect of recoveries against members (2017) (London).
  • Defending claim brought against retired partner of a partnership between solicitors based on construction of retirement deed (2016).
  • Acting for finance director of solicitors’ limited liability partnership in dispute as to whether or not he is a “good” or “bad” leaver and can reclaim capital introduced (2016).
  • Acted for doctor in a partnership in respect of liabilities for shared expenses of the medical practice (2015).


Lisa has practised in real property and trusts for over 20 years. In 2018 she acted on proprietary estoppel claims relating to farms worth £2 million and £6 million respectively. Further details are on Lisa’s property website entry.


Lisa acted as Junior Counsel to the Crown for 18 years, regularly acting for Government departments, particularly the Insolvency Service in directors’ disqualification and public interest winding up petitions and HM Revenue and Customs in relation to tax, including MTIC fraud.

  • Acting for HM Revenue and Customs in a precedent Missing Trader Intra Community (“MTIC”) case where the frauds have taken place “downstream” in other Member States (to be listed for 8 days) (2021) (Birmingham).
  • Represented HM Revenue and Customs in First Tier Tax Tribunal in precedent case in respect of VAT treatment of bicarbonate of soda, sold in tubs in baking aisles Phoenix Foods Limited [2018] UKFTT 18 (TC).
  • Lisa successfully acted for the Secretary of State for Business, Energy and Industrial Strategy in winding up numerous companies in the public interest that had been involved in commercial fraud.
  • Successfully representing the Official Receiver in both the Crown and High Court in connection with civil proceedings arising from a criminal investigation into the storage and sale of non-duty paid goods and associated money laundering activity (2015) (High Court, Birmingham and Birmingham Crown Court).
  • Savidis v HM Revenue and Customs Commissioners [2015] UKFTT 239 (TC); [2015] S.T.I. 1938 Lisa successfully represented HM Revenue and Customs in appeal against decision refusing to repay VAT charged on two importations by the appellant of 1000 US Silver Eagle One Dollar coins (500 on each occasion).
  • Lisa successfully acted for the Secretary of State for Business, Innovation and Skills in obtaining the disqualification of both a managing and other director of companies which had been involved in an intricate MTIC VAT fraud, involving complex facts: Secretary of State for Business, Innovation & Skills v Khan & Warry [2014] EWHC 1381 (Ch).
  • ICS (UK) Ltd v HM Revenue and Customs (2013) and Church Lane Developments Ltd v HM Revenue and Customs [2013] UKFTT 469 (TC) Successful in two MTIC VAT fraud appeals on behalf of her client in the First Tier Tax Tribunal, one involving a new variant of this type of fraud and the other for a sum in excess of £1 million.
  • Shaw v Revenue and Customs Commissioners [2007] STC 1525 (Lindsay J). Successfully responded to appeal against Commissioners’ decision to exclude credit for input tax on purchase of motor car by sole trader.