Insolvency and Restructuring News
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.
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.
Insolvency and Restructuring Briefings
New year — new rules download subscription
Since they were brought in there have been 23 sets of amends to the Insolvency Rules 1986. In 2015/16 the landscape of insolvency legislation will once again change.
Re Danka Business Systems plc; Ricoh Europe Holdings BV & Ors v Spratt & Anor download subscription
The recent English Court of Appeal ruling in Re Danka Business Systems plc considers how insolvency practitioners ought to deal with contingent claims.
Insolvency set-off download subscription
Is it possible for a party to deduct a debt owed to it under one contract from a debt owing to it under another?
Insolvency and Restructuring Analysis
Collapsed oil prices and Ebola have hit businesses hard, while European plans to copy UK restructuring tools could challenge British courts’ dominant role.
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.