Administration

Freshfields advising as Arcadia collapses and Debenhams announces wind-down

British retail group Arcadia has collapsed into administration after launching several company voluntary arrangements last year, while the administrators of Debenhams are preparing to liquidate its UK operations after failing to find a buyer.

01 December 2020

Nortel’s Irish and Italian arms to end administrations

Nortel Networks has moved another step closer to finalising its UK administrations after the joint administrators of its Irish and Italian arms secured termination and discharge orders from the High Court in London.

30 November 2020

Bremen court appoints German Property Group creditors committee

The Bremen court hearing a disgraced German real estate investment scheme's billion-euro insolvency proceedings has appointed a provisional creditors’ committee to represent the interests of some of the international pensioners it targeted.

12 November 2020

Dubai court recognises NMC Healthcare administration

A court in Dubai’s financial free zone has recognised NMC Healthcare’s Abu Dhabi administration and ordered a stay on proceedings filed against the company – while the administrators have initiated a negligence action against EY in England.

11 November 2020

Quantuma continues hiring spree with London addition

Quantuma has added a former director of fellow UK advisory firm MHA MacIntyre Hudson to its London office, marking its fourth restructuring hire in the space of a month.

10 November 2020

Flöther appointed Sundair trustee as another airline comes down with covid-19

Charter airline Sundair has entered protective shield proceedings in Germany, where the court has appointed Lucas Flöther as provisional trustee and a host of counsel have come on board.

09 November 2020

Stephenson Harwood adds partner in London

Bryan Cave Leighton Paisner partner Ian Benjamin has moved to Stephenson Harwood in London.

03 November 2020

Alvarez & Marsal makes first senior hires in Singapore

Alvarez & Marsal has expanded in Asia with its first two senior appointments in Singapore, from FTI Consulting and HSBC subsidiary Serai.

28 October 2020

KPMG promotes in UK deal advisory practice

KPMG has promoted two restructuring advisers to its partnership in Scotland and Northern England.

26 October 2020

ADGM: A commercially fair and efficient Middle Eastern regime

Alexander Wood, a partner at Shearman & Sterling in London whose firm advised on the establishment of the Abu Dhabi Global Market’s legal and regulatory framework, discusses why parties to regional restructurings and insolvencies should now consider the ADGM regime.

23 October 2020

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