Insolvency and Restructuring News
Scottish firms Burness Paull and Levy & McRae are facing legal action from the liquidators of Heather Capital over their involvement in the collapse of the $400m hedge fund.
William Fry has emerged as the winner of the Irish Department of Finance’s tender to appoint a legal adviser to work on the potential capital restructuring of Ireland’s investments in Allied Irish Banks (AIB).
White & Case has advised logistics and parcel distribution company DX Group on its acquisition of assets from its collapsed competitor City Link.
Gateley, Macfarlanes and Mayer Brown have all played key roles advising on the controversial administration of courier business City Link, which was handed over to EY on Christmas Eve.
Collyer Bristow has settled its dispute with Scottish football club Rangers for £24m, bringing an end to the long-running litigation over fees the firm was paid following a controversial 2011 takeover.
The liquidators of Gibraltar firm Marrache & Co are suing the local branch of accountancy firm Baker Tilly for negligence, breach of duty, conspiracy and dishonest assistance for audit advice given prior to Marrache’s collapse in 2010.
Stephenson Harwood has earned £46,000 from the liquidation of Coventry City Football Club according to recent insolvency filings with Companies House.
Freshfields Bruckhaus Deringer, Macfarlanes and Forsters are among the firms to advise on the rescue of the Monarch Group by investment firm Greybull Capital.
Dentons has hired a partner and four associates from King & Wood Mallesons SJ Berwin (KWMSJB)’s Paris office in an effort to strengthen its restructuring team, following the departure of two partners earlier this year.
Insolvency and Restructuring Briefings
Serving debtors through social media download subscription
For the first time, a court has permitted a trustee to tell a bankrupt of bankruptcy proceedings by posting on their Facebook page.
Stichting Shell Pensioenfonds v Krys: BVI/US views on cross-border anti-suit relief download subscription
Clarification on a liquidator’s authority in relation to anti-suit injuctions and more.
Court assists creditors: Davy v Pickering subscription
Some 10 years after having received advice from the defendant the claimant learned that the advice had been negligent and had caused him loss.