Administration

GLAS hires former Greensill general counsel and VP

Debt administration services group GLAS has expanded in the US, hiring a lawyer and fintech specialist from insolvent trade finance group Greensill.

03 February 2022

Frasers Group trial against Debenhams “loan to own” transaction expected in 2023

It will be 2023 before a long-running challenge against now-defunct UK department store Debenhams’ 2019 pre-pack administration goes to trial, an English judge has confirmed, after declining the latest request from challenger Frasers Group in a case management hearing.

18 January 2022

FRP boosts London restructuring team

FRP Advisory has expanded its restructuring team in London with a partner hire from the UK’s financial regulator and a new director who worked on the Thomas Cook and HMV insolvencies.

13 January 2022

Another Part 26A first as Smile Telecoms secures convening hearing for sole creditor

Pan-African telecoms group Smile Telecoms has won approval to convene a plan meeting for a single creditor after convincing the English High Court to employ a never-before-used tool to exclude other plan participants because they are out of the money.

12 January 2022

Gibraltar court clarifies powers of protected cell company administrators

The PwC administrator of parts of a Gibraltarian protected cell company may apply to hold a private examination of one of its directors under the local regime for such entities, Gibraltar’s Supreme Court has confirmed.

06 January 2022

Former BHS director fails to strike out wrongful trading claims

A former director of the defunct UK department store chain BHS has failed to strike out aspects of a major wrongful trading and misfeasance claim that the retailer’s liquidators are set to pursue against him and three ex-colleagues in 2023.

09 December 2021

English court confirms validity of Patisserie Valerie liquidation

UPDATED: A decision by former KPMG partners to put café chain Patisserie Valerie into creditors’ voluntary liquidation in late 2019 was valid even though they didn’t consult all creditors, an English court has ruled.

03 December 2021

IWIRC launches 50th network around the world

The International Women’s Insolvency & Restructuring Confederation has launched its 50th network across the globe with the opening of a new chapter in Mexico.

01 December 2021

Carillion directors claim disqualification proceeding is “oppressive”

Non-executive directors of collapsed construction company Carillion have told an English court that disqualification claims brought against them are “oppressive” and evidence submitted by the UK government is “ill-founded”.

30 November 2021

Norton Rose partner joins Ashurst in Sydney

Ashurst has recruited a partner from Norton Rose Fulbright in Sydney, who has experience advising on the restructurings of mining company Arrium and swimwear brand Seafolly.

29 November 2021

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