Insolvency and restructuring

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 […]

Brown Rudnick’s gallant attempt to interest the City might finally work

Cast your minds back to 2013 when a Leeds-headquartered clothing retailer named Republic fell into administration. With all the present dramas of the high street, you might be thinking, so what? But the parties involved are pertinent to last week’s hires between DLA Piper and Brown Rudnick. It turns out the world of restructuring isn’t […]

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 […]

Hong Kong

Hogan Lovells hires Hong Kong restructuring partner from DLA

Hogan Lovells is to take on Hong Kong restructuring partner Jonathan Leitch from DLA Piper. Leitch relocated to DLA’s Hong Kong office in 2012, having made partner four years earlier. He joined DLA in 1998, spending nearly a year and a half on secondment in the global restructuring group at The Royal Bank of Scotland. […]

law school fees

Grant Thornton set to launch £100m fund for insolvency and asset tracing

Professional services company Grant Thornton (GT) is in the process of setting aside a lucrative £100m pot to boost its position in the legal market, specifically ramping up efforts in insolvency and asset tracing. While GT’s strategy remains distinct from its accounting competitors in terms of not providing legal services, this latest fund has been […]

Slaughters brought in for administration of QuickQuid

Slaughter and May has landed a new insolvency role, acting for the administrators on the insolvency of payday lender QuickQuid. CashEuroNet, the owner of the brand QuickQuid, announced its exit from the UK market last week due to regulatory changes. The company was being advised by US firm Paul Hastings, with restructuring partners David Ereira […]

bonmarche

Osborne Clarke reeled in as Bonmarché collapses into administration

Osborne Clarke has been drafted in on the administration of long-suffering women’s clothing retailer Bonmarché. Bonmarché became the latest high street store to collapse into administration on Friday, appointing FRP Advisory as administrators. Osborne Clarke restructuring partners Will Gunston and Nigel Boobier, as well as head of retail Dolf Darnton are advising FRP, which is […]

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