ELS International Lawyers LLP (OC317454): administration
- Status
- Administration ended
- Administration began
- 2012-05-15
- Administrators' firm
- Kallis & Company
- Formerly
- European Legal Solutions LLP
- Incorporated
- 2006-01-26
- Location
- London
Why it went into administration
- Management failings / irregularities
- Over-expansion / investment not recovered
From the administrators' statement
European Legal Solutions Sociedad Limitada (ELS SL) was registered with Companies House in May 2004 when its Director opened a branch in the UK, to assist British clients purchasing property in Spain This office was used as a point of contact and where documents would pass between it and the solicitors in Spain This branch was located in Windsor, Berkshire
The Director of ELS SL decided to open a practice in central London, along with another solicitor acting as Partner, as part of an expansion programme dealing with UK matters (as opposed to Spanish) A firm was set up called European Legal Solutions LLP (ELS) in January 2006 The practice name was changed to ELS International Lawyers LLP in April 2009 as all connections to the Spanish firm ELS SL had been severed and “European” was no longer appropriate in the name although the firm did have some international clients The Company mainly offered advice to high net worth chents 1n relation to Stamp Duty tax planning They operated from an office in the City of London and also a ‘satellite’ office in Poole, Dorset
The current partner was appointed in August 2009, whilst the onginal partner resigned A case of alleged fraudulent activity was later brought against this former partner to the value of c 9 millon Euros It has taken two years to reach a settlement through mediation with the former partner following which 1t was decided to consolidate the business
Administrators' statement of proposals (2012-07-11) · Companies House register