Insolvency and restructuring

News

DLA Piper leads on restructuring of department store Beales

DLA Piper has taken a lead role in the administration of the latest retail company in the UK to fall into administration. Partner Barney Smedley from the firm’s Leeds office is leading a team acting for KPMG, which was appointed as administrators for Beales following a court hearing yesterday. The Bournemouth-based department store started facing […]

moves, lateral hires and exits

RPC hires DWF quartet to bolster restructuring group

RPC has hired a four-lawyer restructuring team to boost its restructuring and insolvency practice in the City. Finella Fogarty, the former head of business restructuring at DWF, will join RPC to lead the practice at her new firm. She brings with her three new joiners; counsel William Beck, senior associate Danielle Bennett and associate James […]

supercuts

Addleshaws guides Supercuts to rescue deal

Addleshaw Goddard worked with Deloitte as Supercuts and Regis hair salons this week struck a salvage deal to save over 1,000 jobs. The firm’s restructuring team played the lead advisory role for Deloitte as administrator to the businesses, with partner Paul Fleming and legal director Anna Hodgson leading on the deal. Shoosmiths had been advising […]

Steel

Magic circle duo lead in Chinese industrial giant’s bid for British Steel

Clifford Chance has helped to secure the rescue of British Steel by Chinese industrial giant Jingye Group, after a number of bidders expressed interest in the company. Six months after British Steel was placed into compulsory liquidation, Jingye Group has signed the acquisition of Britain’s second-biggest steel producer, after rival bidder Ataer – an arm […]

Analysis

buckingham palace

By royal appointment: the monarchy’s go-to lawyers

With Harry and Meghan announcing they will step back as senior royals and work to become financially independent, The Lawyer looks back at the royal family’s legal representation. Farrer & Co Farrer & Co has been the royal’s established advisers since the 1930s – Sir Leslie Farrer was the personal adviser to George VI and […]

Global Corporate 50: Here’s what the M&A teams are expecting for 2020

Considering the volatile year that the corporate world went through in 2019, and the number of companies, mostly retailers, that have been placed into administration or filed for insolvency in the UK alone, it was refreshing to see that a number of firms contacted for The Lawyer’s Global Corporate 50 report had a positive outlook […]

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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