New Eastern Regional Chair

05 May 2020

Suffolk-based insolvency lawyer Alistair Bacon has been appointed as Chair of R3’s Eastern region.

Alistair, who is Principal at AMB Law, a commercial law firm with offices in Ipswich and the City of London, takes over as Chair from insolvency practitioner Mark Upton of Ensors Chartered Accountants.

He has nearly 30 years’ experience in insolvency and restructuring, during which he has advised professional firms, banks, corporates and stakeholders both in the UK and overseas.

Alistair’s work has included acting for companies in the Thomas Cook Group, following the company’s liquidation last year, and advising the board of Saab GB on the liquidation of the global group.

He has also advised companies within the international Barcelo Hotel Group and the Suffolk-based construction specialist Radford Group.

Commenting on his appointment, he said: “With the current situation regarding COVID-19 causing huge challenges for so many of us, the role played by R3 members in advising people and companies in financial distress is absolutely vital.

“The insolvency and restructuring advice and support we offer can, and will, help to support business and job rescue across the East of England. 

“As a leading professional body, we are strongly committed to supporting our members as well as campaigning for businesses and individuals in financial crisis, as well as their creditors and other stakeholders, in order to secure the best outcome for all concerned.

“R3’s key message for the East of England is that it is imperative for companies and individuals in financial difficulty to seek timely and qualified advice from a professional and reputable source.  Quite simply, the earlier we become involved, particularly at a time like the present, the more we can do to help turn things around.”