Insolvency and Restructuring News
The creditors of liquidated firm Manches are seeking legal advice to bring a judicial review of the Solicitors Regulation Authority’s (SRA) handling of the liquidation after being left with a £4.2m shortfall in tax receipts.
South-East firm TWM Solicitors has become the latest to hire a partner from collapsed Scottish outfit McClure Naismith, hiring Mark Parkhouse as head of insolvency.
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.
Insolvency and Restructuring Briefings
Italy: delayed payment of secured creditors download subscription
Criteria for determining economic loss confirmed.
Bankruptcy petition level rises to £5,000 download subscription
On 1 October 2015, the minimum threshold for a creditor being able to start bankruptcy proceedings against a debtor rises from £750 to £5,000.
Appointment of administrators: common sense prevails download subscription
Amendments will be a relief to Insolvency Practitioners