Administration
Community roundup: Hires at Jeantet, White & Case and GÖRG
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
Grocon administrators obtain extensions citing Christmas complications
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
Brazilian extension applications are “collective proceedings” under UK’s Model Law
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
Arthur Cox and Matheson acting as Arcadia companies wound up in Ireland
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
Heated debate as Galapagos jurisdictional wrangles exchanged
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
Swissport enters pre-pack administration as English court accepts COMI shift
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
Plea change rejected ahead of Arrium directors claims
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
FRP administrators escape negligence claims over Force India sale
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
Former Steinhoff CRO Heis returns to KPMG
KPMG’s former global head of restructuring Richard Heis has returned to the Big Four firm, three years after he retired from its partnership.
07 December 2020
Administrators appointed over Alita Resources in Australia
A US-based secured creditor of Australian lithium miner Alita Resources has appointed voluntary administrators over the company, two days after its deed of company arrangement came into effect.
07 December 2020
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