Administration

Simmons & Simmons, Dentons and Hunton Andrews Kurth have hired in London, Portland in Maine and Bangkok respectively; while Begbies Traynor has acquired insolvency advisory group CVR Global, adding its first overseas offices.

18 January 2021

The administrators of Lehman Brothers’ European arm have sought directions on when events of default cease to continue under the International Swaps and Derivatives Association’s Master Agreement, in circumstances where two aerospace manufacturers have been using them to avoid paying out on interest rate swaps for over a decade.

15 January 2021

Updated: European firm Jeantet has established a restructuring practice with a four-lawyer team from France's Fidal in Paris; while White & Case has hired from Clifford Chance in Japan and GÖRG from Anchor Rechtsanwälte in Germany.

11 January 2021

Norton Rose Fulbright has helped KordaMentha partners obtain a three-month extension to convene a second creditors’ meeting for the administration of Australia’s Grocon construction group, so they can investigate the benefits of a pooled deed of company arrangement without disruption from the Christmas break.

23 December 2020

A Brazilian judicial administrator who has been trying to extend a dairy company’s bankruptcy to two related entities for some years, has had those extension proceedings recognised as “collective proceedings” under the UK’s version of the UNCITRAL Model Law.

22 December 2020

Deloitte partner Ken Fennel and director James Anderson have been formally appointed as the joint liquidators of four Arcadia group operating companies in Ireland, while its Evans brand has been sold to an Australia-listed retailer.

22 December 2020

A Luxembourg fund and a German insolvency administrator that are challenging the Galapagos group’s 2019 UK restructuring in the US and Europe, have laid out before an English court why they shouldn’t be joined in a claim for declaratory relief that the restructuring was valid.

18 December 2020

AlixPartners directors have been appointed as administrators of Swissport’s Luxembourg-incorporated parent company, after the High Court in London accepted it had shifted its centre of main interests to England and Wales.

18 December 2020

Three international banks have been stopped from altering their pleas against former directors of the long-collapsed Australian miner Arrium, ahead of a 10-week trial of three different proceedings brought against them by liquidators, lenders and investors.

17 December 2020

Negligence claims brought against two FRP Advisory partners over their administration sale of Formula One team Force India have been thrown out by the England and Wales High Court.

16 December 2020