Insolvency and restructuring

News

CMS and DWF called in on administration of Titanic shipyard Harland & Wolff

CMS Cameron McKenna Nabarro Olswang and DWF are advising on the administration of Harland & Wolff, as a buyer is sought to rescue the historic Belfast shipyard. The CMS team acting for Harland & Wolff and administrator BDO is led by London-based restructuring partner Glen Flannery, alongside corporate partner Peter Williamson and associates Christos Christoferou […]

Addleshaws accused of “conflict of interest” in insolvency matter

A member of Parliament has criticised Addleshaw Goddard over an alleged conflict of interest in relation to a mandate it picked up for Duff & Phelps in a dispute against a family-run property business. In a letter written to the managing director of Duff & Phelps, Kevin Hollinrake MP, who is co-chair of the all-party parliamentary […]

Judge sides with DLA Piper in Bank of Scotland dispute

A dispute between the Bank of Scotland and a property development company will go-ahead as planned, despite attempts by the latter to vacate next year’s trial due to the availability of documents. Ventra Investments Limited (VIL) was a property development company that was placed into voluntary liquidation in March 2015. It brought claims against the bank […]

Simon Ridpath

Charles Russell Speechlys preps for first post-merger leadership change

In its first senior leadership change since the firm’s merger, Charles Russell Speechlys has elected a new managing partner from the firm’s restructuring group. Simon Ridpath will take over from current managing partner James Carter next May for a four year team. Ridpath is a former Speechly Bircham partner, joining the firm from Devonshires in […]

Azerbaijan

White & Case loses Supreme Court application in Sberbank case

White & Case has lost an application in the Supreme Court for a permanent stay on the debts of its client, the International Bank of Azerbaijan (IBA). Last year, the High Court and the Court of Appeal sided with Russia’s Sberbank and IBA creditors Franklin Templeton, which opposed a challenge by the IBA to default […]

Analysis

Loans

After Burford, litigation funders need a healthy dose of transparency

Litigation funders live and breathe disputes, but this was not the sort of dispute Burford Capital was used to. On August 8, Burford’s share price plunged 66 per cent after a ferocious attack from San Francisco-based hedge fund Muddy Waters, whose founder Carson Black questioned the accuracy of the funders accounting practices. Black described the […]

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.

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