Insolvency and restructuring

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 […]

arcadia

Slaughters swoops in on last-minute rescue of Arcadia

Slaughter and May has been called in to advise the landlords as part of Arcadia’s company voluntary arrangement (CVA), in the ongoing endeavour to pull the retail group from the brink.  Slaughters has joined the throng of firms acting on the CVA, led by restructuring partner Tom Vickers and associates Samyuktha Rajagopal and Edward Couzens. […]

arcadia

Freshfields and DLA Piper guide Green through Arcadia’s CVA

Freshfields Bruckhaus Deringer and DLA Piper are working together on Arcadia’s company voluntary arrangement (CVA), as Philip Green embarks on a plan to rescue the business. Freshfields’ restructuring partners Neil Golding and Adam Gallagher are leading for Arcadia, as its chair Philip Green plans the closure of 23 UK stores, including Topshop, Dorothy Perkins, Miss […]

Clifford Chance called in as British Steel enters insolvency

British Steel is the latest UK business to be placed into compulsory liquidation, with a number of law firms pitching into advise on matters related to the insolvency. It was revealed today that EY will act as special managers on the liquidation, bringing in Clifford Chance partner Philip Hertz and Iain White for advice. The […]

Jamie Oliver

KPMG hands Jamie Oliver mandate to listed law firm

In its second high-profile mandate from KPMG this year, Gateley is advising as Jamie Oliver’s restaurant business collapses into administration. Gateley restructuring partner Dan French is leading the team from Birmingham. Jamie Oliver’s restaurant business is the latest eatery to fall under hard times in a challenging market for high street retail chains. KPMG has […]

outdoor

Kirkland leads on latest CVA for outdoor clothing retailer

Kirkland & Ellis has won a first time restructuring mandate for PAI portfolio company Outdoor & Cycle Concepts, which owns stores such as Cotswold Outdoor, Runners Need and Cycle Surgery. Creditors of Outdoor & Cycle Concepts today approved the terms of a company voluntary arrangement (CVA) at it became the latest high street retailer to […]

A&O’s “conflict of interest” claims rubbished by regulator

The Financial Reporting Council has defended its decision to work with Allen & Overy Consulting on an investigation into KPMG’s auditing practices, despite the firm’s service head previously working at the Big Four giant. The FRC was tasked with conducting an investigation into KPMG UK’s audit of Carillion and whether it co-operated with the Audit […]

DLA Piper brings in new blood for restructuring group after double loss

DLA Piper has appointed a new UK head of restructuring following the departure of two of its former heads to Mayer Brown. Partner Robert Russell replaces DLA lifer Amy Jacks as head of UK restructuring. In March, The Lawyer reported that Jacks was leaving the firm alongside its former global restructuring co-chair Michael Fiddy to […]

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