Former Chief Registrar Stephen Baister to Join Manolete Partners

LONDON--(BUSINESS WIRE)-- Manolete Partners announced today that former Chief Bankruptcy Registrar, Dr Stephen Baister, would be joining their team as Senior Advisor.

Stephen, a former solicitor and licensed insolvency practitioner, is an honorary member of the Insolvency Lawyers Association and has been President of the Chartered Institute of Credit Management since 2010. He will take up his position formally with Manolete Partners in October.

Manolete specialises in insolvency litigation claims and is now the largest litigation funder by volume of single claim cases in Europe and North America. The business has been operating since 2008 and adopts a different approach by often buying whole claims, which are invariably settled quickly with sizeable returns to creditors.

Manolete has made 180 case investments, 135 of which have been completed in an average of just 10 months. The amount recovered for insolvent estates was over £30m. The first six months of 2017 saw Manolete complete 25 insolvency litigation claims: a rate of one completed case per week with 96% success rate.

Steven Cooklin, CEO of Manolete, said: “We are absolutely delighted Stephen is joining us. The market is really accelerating so we could not have wished for someone with more experience and knowledge of the sector. Stephen is highly respected across the board and he will be a huge asset to our operation. There is no doubting the significant benefits he will bring to our business.”

Stephen Baister said, “I am very much looking forward to my new role as Senior Advisor and working closely with the Steven and the rest of the Manolete team. I have great respect for the way Manolete can resolve cases quickly and so yield a fast and positive return to creditors. Manolete has taken insolvency litigation in a new direction. The figures demonstrate the wider possibilities this new model brings.”

Notes for Editors:

1) Manolete Partners is the largest specialist insolvency litigation firm in the world, led by former HSBC Investment Banker, Steven Cooklin. Over the last nine years, it has invested in 180 insolvency litigation claims in the UK and abroad.

2) Stephen Baister was admitted as a solicitor in 1981 and was in private practice until 1996 when he was appointed as a Registrar in Bankruptcy of the High Court in 1996 and Chief Registrar in 2004. Stephen is an honorary member of the Insolvency Lawyers Association and has been President of the Chartered Institute of Credit Management since 2010.

3) Last year, Manolete Partners won the inaugural award for Insolvency Litigation Funder of the Year at the TRI awards. In July 2016, Manolete was successful in the Supreme Court ruling against Hastings Borough Council following wins in the High Court and Court of Appeal.

View source version on businesswire.com: http://www.businesswire.com/news/home/20170727005837/en/

Manolete Partners PLC
Steven Cooklin ACA ASI CF
T: 0203 859 3490
M: 07900 985559
Chief Executive
[email protected]
www.manolete-partners.com
Office Address:
21 Gloucester Place
London W1U 8HR

Source: MANOLETE PARTNERS PLC

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