The Lawyer Asia Pacific 150 is the only research report to provide a ranking of the top 100 independent local firms and top 50 global firms in the region. The report offers critical review of some of the fastest growing firms and their strategies, a country-by-country guide to leading legal advisers and legal services market trends, plus exclusive insight into the current business development opportunities in the Asia Pacific. Read more
This year, The Lawyer’s annual ranking of the largest UK law firms by turnover is available as an interactive, digital benchmarking tool. For the first time this will allow you to manipulate each data set against the metrics of your choice.
Birmingham-based retailer Ciro Citterio, which employs 1,750 staff and has 160 stores across the UK and Ireland, was forced into administration by the High Court because of cashflow problems following a shareholder dispute.
Kroll Buchler Phillips is the administrator. Unsurprisingly, DLA is advising - the accountancy firm and the law firm have a longstanding relationship.
Kroll Buchler has closed 27 unprofitable stores, but the rest will continue trading for the time being. The company will also be protected from creditors' claims. This includes a £6.9m claim recently awarded to shareholder Kirit Thakrar. It was this dispute, which was concerned with the valuation of his interest in the company, that forced Ciro Citterio into administration.
The case is one of a handful of receiverships that DLA has worked on recently - previous examples include kitchen shop Spoils and designer Frank Usher. This particular administration is unusual in that the order did not take effect until three days after it was made.