Insolvency and Restructuring News
Belgian boutique Strelia has added an insolvency specialist to its ranks with the hire of Taylor Wessing partner Bart de Moor and two senior associates.
Stephenson Harwood has picked up over £6m in legal fees, after it was involved in the three-year long liquidation of Rangers Football Club.
DLA Piper is facing a possible investigation by the Solicitors’ Regulation Authority (SRA) after its senior partners sent emails to each other following the bankruptcy of a former client.
WilmerHale and Bryan Cave have taken lead roles in the sale of Barclays’ US wealth and investment management franchise to Stifel Financial.
Milbank Tweed Hadley & McCloy, Paul Hastings and Weil Gotshal & Manges have all advised on the two and half-year long restructuring of the General Healthcare Group (GHG).
Brown Rudnick has strengthened its Paris team with the hire of partners from French firms De Gaulle Fleurance & Associés and August & Debouzy.
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.
Insolvency and Restructuring Briefings
Personal bankruptcy limits increase download subscription
A person will no longer be able to be made bankrupt if they fail to pay a judgment debt of as little as £750.
Italy: stimulating loans for debt restructurings download subscription
Lawmakers have introduced further measures in order to stimulate new loans after the pre-filing for concordato preventivo or for a debt restructuring agreement.
Italy: restricting the powers of debtors download subscription
Creditors now being allowed to make competing concordato proposals means that the exclusive powers of the debtor are restricted.