Insolvency and Restructuring News
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.
With his firm understood to be talking merger with Morgan Lewis & Bockius, Bingham McCutchen’s London managing partner James Roome could be set to quit, an exit that could have a major impact on Bingham’s future in the City.
Cobbetts’ administrator KPMG has postponed a final distribution of £336,687 to Lloyds Bank after receiving notice of legal action relating to the sum by four former partners.
Dentons, Linklaters, Travers Smith and Weil Gotshal & Manges have settled a £184m battle between the Pensions Regulator and Lehman Brothers administrators PricewaterhouseCoopers (PwC).
Three brothers who ran one of Gibraltar’s largest law firms were jailed last week for fraud, four years after their firm, Marrache & Co, was put into liquidation.
Speechly Bircham’s head of intellectual property (IP) Alexander Carter-Silk has quit for Brown Rudnick, while its corporate recovery chief Christopher Harlowe has resigned for offshore firm Mourant Ozannes.
Nabarro’s French best friend August & Debouzy has abandoned its European alliance, leaving the firm on the hunt for a new Paris partner.
The High Court will examine whether banking giant Barclays colluded with the now defunct Dewey & LeBoeuf to induce partners to take out individual loans to keep the firm afloat.
Insolvency and Restructuring Briefings
Sting in the tail — Akbar and others v Comet Group Ltd (In Liquidation) download subscription
While the general view is that the recession is over, some of its effects can still be felt today.
Bankruptcy sales for distressed hospitals: four questions to ask before you begin download subscription
Over the last several years, a wide range of healthcare companies have faced financial distress as a result of declining revenues and high operating costs.
How holiday pay might affect your business — solvent or not download subscription
A recent ruling has changed the way employers must now calculate holiday pay, with implications for both trading solvent businesses and insolvent businesses.
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