Insolvency and restructuring

Bensons for Beds

City trio lead on Bensons for Beds pre-pack deal

Fried Frank Harris Shriver & Jacobson, Eversheds Sutherland and Shoosmiths have been called up on the latest retail restructuring as Harveys falls into administration and Bensons for Beds is saved. Furniture store Harveys collapsed into administration yesterday while sister company Bensons for Beds has been bought by its former owner, turnaround firm Alteri Investors through […]

football

Wigan Athletic’s administrators call on Walker Morris in rescue bid

Walker Morris has been handed the mandate by the administrators seeking to save Wigan Athletic FC from insolvency. The firm’s head of sport David Hinchcliffe is on call as it seeks a buyer for the club. Three partners from Begbies Traynor have been appointed as the joint administrators. The Championship club has faced significant financial […]

Suit

Shoosmiths and TLT lead on TM Lewin pre-pack deal

Shoosmiths and TLT are acting opposite each other on another retail rescue, as TM Lewin is bought back by its owner through a pre-pack administration. Shoosmths restructuring partner Aaron Harlow is acting for administrators ReSolve, alongside partner Lee Sennett and senior associate Charlotte Doyle. The 122-year-old Jermyn Street shirtmaker went into administration yesterday (30 June) […]

JD Sports

Addleshaws and TLT lead JD Sports’ rescue of Go Outdoors

Addleshaw Goddard and TLT have acted on JD Sport’s £56.5m acquisition of Go Outdoors. JD Sports appointed Deloitte as administrators last week before swiftly buying back its Go Outdoors brand as part of a pre-pack deal on Tuesday (23 June). A Manchester-based Addleshaws team acted for JD Sports, led by restructuring partner Tim Taylor and […]

travelodge

Kirkland leads for Travelodge in deal to end landlord dispute

Kirkland & Ellis is acting for Travelodge on its company voluntary arrangement (CVA) as it strives to cut its rent and end a dispute with its landlords. Restructuring partners Kon Asimacopoulos and Elaine Nolan, as well as and litigation partner Richard Boynton are taking the lead for Travelodge. The Goldman Sachs-backed hotel operator runs a […]

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 […]

paris

Latham hires Paris restructuring partner from Willkie Farr

Latham & Watkins has hired a new restructuring partner from Willkie Farr & Gallagher to boost its Paris office. The US firm has reined in partner Alexandra Bigot, who has spent almost her entire career in the French office of the rival firm. There, she specialised on restructuring matters on behalf of debtors, hedge funds […]

Boohoo

TLT and Shoosmiths lead as Boohoo swoops in for Oasis and Warehouse

TLT and Shoosmiths have acted on Boohoo’s £5m cash acquisition of Oasis and Warehouse. TLT restructuring and insolvency partner Peter Carney led for online fashion chain Boohoo, alongside commercial partner Pauline Cowie and corporate M&A partner Alice Gardner. Shoosmiths national head of corporate restructuring and advisory James Keates, partner Lemi McAuley and associate Lucy Sanderson […]

Monsoon Accessorize

Shoosmiths and BCLP called in on Monsoon Accessorize rescue deal

Shoosmiths and Bryan Cave Leighton Paisner are acting on the rescue of Monsoon Accessorize, which has been saved by a buyout deal. The fashion brand collapsed into administration last night (9 June). Almost immediately, founder Peter Simon bought the business out of administration as part of a pre-pack deal, leaving him in control of a […]

Victoria's Secret

Linklaters drafted in on Victoria’s Secret administration

Linklaters is acting on the administration of the UK arm of Victoria’s Secret. Restructuring partner Richard Hodgson is acting for Deloitte as the administor, alongside managing associate Damien Gomez and associate Alex Snell. The lingerie brand collapsed into administration on Friday (5 June) as the latest retailer to face challenging times on the high street. […]

London city

Kirkland restructuring partner moves to Ropes

In a rare loss for one of the busiest restructuring teams in the City, Ropes & Gray has picked up a Kirkland & Ellis London partner to revive its restructuring offering. Matthew Czyzyk will join the US firm after two years and a half at Kirkland. Before joining the firm at the Gherkin, Czyzyk had […]