Insolvency and restructuring

News

Anya Hindmarch

DLA Piper guides LK Bennett to rescue deal

Fashion retailer LK Bennett has been sold to its Chinese franchise partner Byland, following a round of restructuring led by DLA Piper, administrators EY and Womble Bond Dickinson. In March, veteran DLA Piper partner Richard Obank was instructed by LK Bennett’s administrators on the restructuring process, leading a team that included Leeds partner Colin Ashford […]

clothes

Freshfields’ former restructuring head joins Arcadia board

With Arcadia closing in on a turnaround plan for the business, the High Street giant has appointed a former head of insolvency at Freshfields Bruckhaus Deringer to support it on its next steps. Peter Bloxham joins Arcadia and parent company Taveta Investments as an interim non-executive director in the midst of Philip Green’s major overhaul […]

HMV

Addleshaws and KPMG given High Court seal of approval after HMV mixup

A High Court judge was required to confirm the roles of Big Four accountant KPMG and Addleshaw Goddard on HMV’s insolvency after confusion over the document submission. The Honourable Mr Justice Barling was required to conduct a hearing in the High Court on 24 January, ruling that a late electronic submission of insolvency documents would […]

Macfarlanes

Ropes restructuring partner resurfaces at Macfarlanes

Ropes & Gray restructuring partner Peter Baldwin has resurfaced with a new role at Macfarlanes, in what is the City stalwart’s third lateral hire this year. Baldwin left Ropes last year and will join Macfarlanes at the start of June, where he will focus on special situations and distressed transactions. He worked in Ropes from […]

Staples

Shoosmiths on call as former Staples chain plunges into administration

Shoosmiths has been drafted in on the administration of stationery chain Office Outlet, just six months after it underwent a company voluntary arrangement (CVA). The firm, led by Birmingham-based restructuring partners James Keates, Aaron Harlow and senior associate Charles Williams, is advising Deloitte in the administration process as a new buyer is sought. Richard Hawes and […]

Analysis

Featured Briefings

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.

Register now to The Lawyer to access our latest news stories, read selected briefings from key firms and gain essential careers insight to help you make the most of your current and future roles.

Contact Us: if you have any questions regarding your subscription, call us on +44 (0)20 7292 3716 or email us at customerservices@thelawyer.com

Register now

Having problems?

Contact us on +44 (0)20 7292 3716 | email: customerservices@thelawyer.com

If you are looking for our Jobs site, please click here