Insolvency and Restructuring News
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.
London restructuring team’s mass exit may speed $2bn mega-merger talks
The much anticipated tie-up between Akin Gump Strauss Hauer & Feld and Bingham McCutcheon’s London office closes only one chapter of speculation over the fate of the US firm.
Akin Gump is to merge with Bingham McCutchen’s $52.3m (£32.1m)-turnover London office in a deal that will add 22 partners in London, Frankfurt and Hong Kong.
Allen & Overy has scooped a key role in the administration of Phones 4U, having been instructed by the company and its administrator PwC.
Insolvency and Restructuring Briefings
Protected Cell Companies download
Guernsey was the first jurisdiction to introduce the concept of a protected cell company but the Companies Law has effectively modernised it.
What the law (s244) says about credit terms once a company has fallen into insolvency
An English High Court judgment on an application for recovery of documents provides guidance on the scope of section 236 of the Insolvency Act.
Insolvency and Restructuring Analysis
It is now two years since the collapse of mammoth firm Dewey & LeBoeuf. But the next chapter in the story of its dramatic spiral into crisis is about to emerge in lurid technicolour following a High Court trial last week.
Restructuring firms anticipate a boom when UK interest rates get jacked up and from mandates coming from Asia