Insolvency and restructuring

News

Yodel

Dechert leads on Yodel rescue thanks to Weil Gotshal hire

Dechert’s involvement in the rescue deal of parcel delivery company Yodel this week can be attributed to the strategic hire of partner Adam Plainer in 2021. Plainer, who joined the firm from Weil Gotshal & Manges, maintained connections with Yodel’s board, leading to the successful introduction of the deal to Dechert. This week’s rescue deal […]

The Body Shop collapse: Jones Day takes administration role

US firm Jones Day has been appointed as the lead law firm acting on the administration of The Body Shop. It is understood that the collapse of the London-headquartered retailer expects to put over 2,200 jobs at risk, just three months after the brand was sold to German asset manager Aurelius Group by its previous […]

Temple Avenue, near Gibson Dunn

Gibson Dunn lures back Freshfields restructuring partner

Gibson Dunn & Crutcher has boosted its restructuring ranks in London, hiring an alumna back to the team. The US firm has added Freshfields Bruckhaus Deringer partner Lisa Stevens to its business restructuring and reorganisation practice group. It emerged this morning that Stevens had exited the magic circle firm after only 18 months. Her move […]

keycard exit leaving office

Freshfields restructuring partner leaves after 18 months

A restructuring partner who joined Freshfields Bruckhaus Deringer’s City team in 2022 has left the firm. Lisa Stevens moved to the magic circle firm in August 2022 from Kirkland & Ellis. Her hire signalled further Freshfields’s intent to laterally recruit in the City after a period of little to no external investment. Other hires made […]

David Ereira

Quinn Emanuel recruits Paul Hastings’ restructuring veteran

Paul Hastings’ restructuring and insolvency partner David Ereira has moved across to Quinn Emanuel Urquhart & Sullivan. Ereira joins Quinn having also been a partner at Freshfields Bruckhaus Deringer and Linklaters. He worked with Quinn on disputes arising from the NMC administration, a hospital operator that collapsed in 2020. He commonly represents debtors, creditors, investors […]

Analysis

Beyond the Bubble: Harbottle & Lewis has a new double-act

London: Harbottle & Lewis has a new double-act: Last November, Tony Littner joined Charlie Leveque as joint-managing partner for a five-year term. It’s the first time Harbottles has changed its leadership structure in this way, and while it’s not unheard of to have two managing partners (look at Lewis Silkin or Bristows), most go for the […]

Working as an associate on the Manchester Arena inquiry

The Manchester Arena suicide bombing in May 2017 left 22 dead and over 800 injured. Seven years on from the atrocity and the effects are still reverberating. Following substantial lobbying from the family of victim Martyn Hett, legislation to better protect the public from terrorism is underway. Martyn’s Law was outlined in the King’s Speech […]

Revealed: The Top 10 appeals of 2024

At the beginning of the year, The Lawyer released its Top 20 cases of 2024, detailing some of the most influential and intriguing disputes hitting the courts for the first time this year. However, for many parties involved in high-profile cases, there will be a return to the courtroom over the next 12 months. The […]

Bryony Theaker, Clifford Chance

“You suddenly find yourself quite senior”: A Clifford Chance associate reflects on her time in-house

Tallying up two maternity leaves and an 11-month stint in-house, Clifford Chance project finance senior associate Bryony Theaker spent the best part of the pandemic out of private practice. While lawyers may once have associated progression with office visibility, the dial has shifted. Indeed, Theaker explains that she returned from her secondment at interconnector Greenlink […]

Featured Briefings

The Cayman Islands Court of Appeal Relieves the Tension between Arbitration Clauses and the Just and Equitable Winding Up Jurisdiction

In a comprehensive judgment published on 23 April 2020, the Cayman Islands Court of Appeal, comprising Moses JA, Martin JA and Rix JA, has provided welcome clarification of the interplay between a contractual agreement to arbitrate disputes arising between shareholders and the exclusive jurisdiction of the Court to determine whether a company should be wound […]

Challenging an IVA on the grounds of material irregularity

By Simon Clark, Gawain Moore In Gertner v CFL Finance Ltd [2018] the Court of Appeal found that there had been a material irregularity at the creditors’ meeting convened to consider the debtor’s IVA proposals. The lender’s breach of the good faith principle between creditors was sufficient to revoke the IVA on grounds of material irregularity.