Insolvency and restructuring

News

Rotterdam skyline

De Brauw faces further challenge over Royal Imtech claim

Dutch firm De Brauw Blackstone Westbroek is hoping that the latest claim it faces from the trustees of a bankrupt engineering client will be its last, as a dispute between the pair continues to run after almost a decade. De Brauw’s annual report showed that a Rotterdam court had permitted an appeal to a decision […]

Ted Baker

Ted Baker GC pleas for team support after retailer’s collapse

The general counsel of British clothing retailer Ted Baker has shared a heartfelt post on social media supporting her team, who are looking for new roles after the business fell into administration in early March. General counsel Alison Beveridge said: “As we near the end of the administration of Ted Baker, the upcoming sale to […]

cazoo

Freshfields takes the lead on Cazoo administration

Freshfields has been appointed as the lead law firm acting on the administration of online car company Cazoo. Advising joint administrators Matthew Mawhinney and David Soden from Teneo Financial Advisory, the magic circle finds itself sorting out the collapse of one of its longstanding retail clients. It was announced this week that the retailer had […]

Allen & Overy

Another Milbank leaver exits for A&O

Another partner from Milbank’s financial restructuring team is set to leave the firm, this time joining Allen & Overy ahead of its merger with Shearman & Sterling. Karen McMaster is the latest partner loss from Milbank following last month’s news of a structured finance team led by partner John Goldfinch moving to Allen & Overy, soon […]

Redundancy

Knights joins wave of firm redundancies

Listed firm Knights has become the latest firm to make lawyers redundant across the country, The Lawyer can reveal. It is understood that both partner and associate roles have been cut across the firm’s restructuring and insolvency, corporate, and real estate teams. The redundancies have taken place across the firm’s offices in the UK, with […]

Analysis

The Lawyer Podcast: Addleshaws and the myths of the mid-market

The doom of the middle market has long been foretold. As global mergers grab attention and smaller, boutique firms blossom, many question whether there is any role for mid-market practices in law’s future. But on Tuesday evening, Addleshaw Goddard marked a remarkable, decade-long turnaround as it was crowned Law Firm of the Year at The […]

business people annoyed

“Where is the money coming from?” Clients react to NQ salary hikes

Salary increases across the City for newly-qualified lawyers has brought into sharp focus how much in-house lawyers are willing to pay for external counsel. Last week, US firm Goodwin upped its salary for NQs to £175,000 from £161,500. In May, Freshfields, Linklaters, Clifford Chance and A&O Shearman all boosted its pay for NQs by £25,000 […]

Election 2024: The Conservative lawyers vying for your vote

A Birketts partner, Mayer Brown’s pro bono head, associates from Clifford Chance and White & Case, a Twenty Essex barrister and a part-time law student are among the Conservative candidates hoping to be elected to the Commons for the first time.

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.