Insolvency and restructuring

Bryan Cave Leighton Paisner, BCLP

BCLP replenishes restructuring team with Brown Rudnick duo

Two partners from Brown Rudnick’s restructuring practice have left to join Bryan Cave Leighton Paisner. Colin Ashford and Richard Obank are joining BCLP later this year. They moved over to Brown Rudnick in 2019 from DLA Piper, where they were both longstanding partners of its restructuring group. At the time of their hires, Brown Rudnick was […]

McColl's

Travers leads as longstanding client McColl’s seeks rescue deal

McColl’s Retail Group is looking to secure a rescue deal to stave off a potential collapse, seeking counsel from long-term advisers at Travers Smith. The Lawyer understands that Travers Smith corporate partner Andrew Gillen is advising client McColl’s, along with restructuring partner Edward Smith. Today (6 May) it was announced that the company’s senior lenders […]

gherkin london

Another Kirkland partner joins investment firm

A recently-promoted partner from Kirkland & Ellis’ London office has taken on a new role in-house. Kai Zeng is now a counsel at Blantyre Capital, which specialises in investing in equity and debt special situations. Zeng is working in the investment team, though he will also act on legal matters as required by the business. […]

exit

Cadwalader secures partner duo from Bakers

Cadwalader Wickersham & Taft has finalised the hire of a Baker McKenzie duo, who specialise on private credit and direct lending, as well as restructuring matters. The US firm has hired banking and finance partner Matt Smith and Bevis Metcalfe to its London office. They join in April. Smith has particular expertise in private credit […]

Bulb light

Raft of firms win roles on Bulb Energy administration

Magic circle firms are acting alongside the likes of Hogan Lovells and Watson Farley & Williams on the aftermath of Bulb Energy’s collapse. Bulb, the largest UK energy supplier that has wavered in the spectre of this year’s surging gas prices, is also the first to receive the “special administration” procedure. The company serves a […]

Arcadia Topshop

City trio lead IKEA’s acquisition of former landmark Topshop store

Linklaters, Freshfields Bruckhaus Deringer and Reed Smith are lined up on IKEA’s £378m acquisition of Topshop’s former flagship store on Oxford Street. Ingka Investments, IKEA’s largest owner and operator, has agreed to purchase the sprawling property at 214 Oxford Street. The crowning jewel in Philip Green’s Arcadia empire, Topshop’s 100,000-sq ft-store was vacated in December last year. […]

Hong Kong

Dechert lands Kirkland hire for Asia-Pacific restructuring push

Dechert has established a financial restructuring practice in Asia-Pacific, hiring a partner from Kirkland & Ellis to kickstart operations. The firm has hired Daniel Margulies in Hong Kong, who was promoted to partnership at Kirkland in 2017. Among his recent deals, he acted for Singapore commodities trader Noble Group in connection with a cross-border restructuring […]

Greensill

A&O’s multimillion-pound bill rises on Greensill administration

The total amount being spent on matters related to Greensill Capital’s administration is starting to emerge, seven months after the company’s collapse. Details of the fees associated with the administration were disclosed in the most recent progress report from Grant Thornton. In it, it details how Allen & Overy (A&O) has racked up a £3.92m […]

coffee mug cafe

Linklaters and Travers triumph in Caffè Nero’s CVA scrap

A dispute concerning the future of Caffè Nero has ended in defeat for one of the coffee shop retailer’s landlords, who had been backed by the billionaire Issa Brothers to contest a company voluntary agreement (CVA). Wednesday’s judgment from Mr Justice Michael Green rejected a challenge from CMS Cameron McKenna Nabarro Olswang on behalf of landlord […]

Ex-A&O partner resurfaces at Stephenson Harwood

Stephenson Harwood has bolstered its London restructuring and insolvency team with the hire of a former magic circle partner. A non-contentious finance lawyer, Allen & Overy’s Tim Crocker has been working on complex debt restructurings and insolvencies for over two decades. He was made up to partner at the magic circle outfit in 2012, resigning over […]

Simpson Thacher

Simpson Thacher hires seven-strong group for new restructuring practice

Simpson Thacher & Bartlett has recruited a team of seven associates from magic circle and US firms to support the growth of its new restructuring practice in London. The hires mean that the restructuring team now numbers 10 lawyers in the London office. In February, The Lawyer revealed that Simpson Thacher had hired two partners […]

Reed Smith

Reed Smith adds restructuring lateral to City office

Reed Smith is to bring in a new finance and restructuring partner, its first London lateral in months. The firm has taken on Kathleen Garrett, a senior partner at Irish firm Arthur Cox who will join Reed Smith’s financial industry group in London. Over thirty years, Garrett has built a practice specialising in finance and […]