Insolvency and restructuring



White & Case joins fight for Paris talent with Orrick team hire

A team from Orrick’s French operations are to decamp for White & Case’s burgeoning corporate practice, the latest development in a spate of activity in the Paris market. Saam Golshani, Orrick’s co-chair of European restructuring and head of its Paris M&A and private equity group, is leading the move to White & Case. He has spent […]


Akin Gump bets big on transatlantic offering with four-partner hire

Akin Gump Strauss Hauer & Feld has snared a four-partner financial restructuring and global debt team from Morgan Lewis, in a move that reunites them with their former Bingham McCutchen colleagues. The hires include two heads of practice, with Morgan Lewis’ City transactional finance head Thomas O’Connor joining Akin Gump in London. Partner trio Renée Dailey, Christopher Lawrence […]

White & Case brought in for Coast as retailer collapses

Three firms have been called in to advise on the restructuring of fashion retailer Coast, the latest in a long line of high street brands to fall into administration. The chain’s collapse will lead to the immediate closure of 24 stores and concessions across the UK, while around 600 staff will decamp to Karen Millen, […]

Ropes’ growing pains continue as firm downsizes in the City

Ropes & Gray is to significantly cut back its real estate and restructuring-related offering in London, with four partners told to leave the office in the coming months. The partners in those teams were told “they were no longer required at the firm” following a visit from the US heads of the firm last week. […]


From PSL to partner: Kirkland breaks new ground with Weil hire

In a rare move for a US firm in London, Kirkland & Ellis has hired a professional support lawyer as a partner to drive growth in its increasingly busy restructuring practice. Kate Stephenson joins Kirkland as a partner, having worked at Weil Gotshal & Manges for four years as a PSL in the restructuring team. […]


Sky HQ

Four things the Comcast deal tells us about City M&A

Over the weekend, nearly two years of tussling for UK media giant Sky came to an end when Comcast’s £30bn bid trumped 21st Century Fox.

But while magic circle firms maintain only they can act on big-ticket M&A, the variety of advisers on call was striking. Here’s what we learned.

Featured Briefings

Law on recognition of foreign insolvency decrees in Switzerland

In an insolvency of a multinational group the debtor’s assets are located in different jurisdictions. To what extent foreign insolvency administrators and creditors of a foreign debtor can access assets located in another jurisdiction depends on the local legal framework. Switzerland currently applies the concept of territoriality, according to which a foreign bankruptcy decree does […]

Supreme Court supports disqualification under IBC, but protects interest of homebuyers

By Prateek Kumar, Sahil Narang, Raveena Rai The corporate insolvency resolution process (CIRP) against Jaiprakash Infratech Limited (JIL) commenced when the National Company Law Tribunal, Allahabad (NCLT) passed an order dated 09.08.2017 admitting the petition of IDBI Bank Limited under Section 7 of the Insolvency and Bankruptcy Code 2016 (IBC). Home buyers who had invested in […]

SEBI introduces exemptions for companies undergoing insolvency

By Ashwin Bishnoi, Rohit Ambast Between 31 May to 1 June, the Securities and Exchange Board of India (SEBI) amended a number of securities regulations to provide certain dispensations for listed companies undergoing the corporate insolvency resolution process (CIRP) under the Insolvency and Bankruptcy Code 2016 (IBC). These amendments follow SEBI’s discussion paper of March […]

Amendments to IBBI Regulations, 2016 – CIRP Regulations

By Ashwin Bishnoi, Shruti Singh, Charu Chitwan The Insolvency and Bankruptcy Board of India (IBBI) notified the IBBI (Insolvency Resolution Process for Corporate Persons) (Third Amendment) Regulations, 2018 (Amendment Regulations) on 4 July 2018 to amend the IBBI (Insolvency Resolution Process for Corporate Persons) Regulations, 2016 (CIRP Regulations) for the third time this year. Primarily, the […]

BEIS publishes response to consultation on corporate governance and insolvency

By Richard Naish On 26 August 2018 the Department for Business, Energy & Industrial Strategy (BEIS) published the government’s response to its consultation seeking views on proposals to improve the corporate governance of companies that are in or are approaching insolvency. In March 2018 the government launched a consultation which looked at ways to reduce […]

Changing horizon of UK’s corporate insolvency and restructuring landscape

By James Forsyth The UK’s corporate insolvency and restructuring landscape will be changing dramatically, following the Government’s announcement on 26 August 2018. The Government proposes to introduce a wide range of reforms including: 1. A standalone restructuring moratorium for companies which are in financial distress 2. A statutory restructuring process which will potentially bind dissenting […]

Insurance business transfer in Guernsey- An outlook

Insurers often wish to transfer portfolios of insurance contracts, either to another insurer in the same group in the course of a restructuring; or to a third party insurer (typically where the transferor wishes to exit a particular market). In the UK, Part VII of the Financial Services and Markets Act 2000 (“Part VII”) permits […]

Switzerland: Restructuring and insolvency review

By Daniel Hayek, Chantal Joris Switzerland’s GDP rose by 0.6 per cent in the fourth quarter of 2017. Positive impulses on the production side came from various sectors, namely the manufacturing industry, the construction industry and most service industries, including financial services. GDP growth was hampered by foreign trade in goods and services, with exports in […]

Adjudication Matters- September 2018

By Stephen Radcliffe, Carly Thorpe, Lucy Wild The recent judgement in Michael J Lonsdale (Electrical) Limited v Bresco Electrical Services Limited (In Liquidation) [2018] EWHC 2043 (TCC) makes clear that a company in liquidation cannot refer a dispute to adjudication when that dispute includes (whether in whole or in part) determination of any claim for further […]

CVAs an innovative alternative for insolvent companies

By Gawain Moore Following the approval of the company voluntary arrangement (CVA) by the creditors of Toys “R” Us in December 2017, 2018 has seen a number of high profile CVAs.  The high street is already facing well-documented challenges and with Brexit likely to cause further economic uncertainty, Gawain Moore explains why CVAs are increasingly seen […]

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