Administration

Nortel’s Polish arm to end decade-long administration

The joint administrators of Nortel Networks Polska have secured termination and discharge orders from the High Court in London to bring an end to its 11-year administration in England.

26 August 2020

Trade creditors approve Virgin Atlantic’s restructuring plan

Creditors have approved Virgin Atlantic’s ground-breaking restructuring plan at four virtual meetings, with 99% of trade creditors lending their support.

25 August 2020

Kirkland, FRP advise in administration of Debenhams’ parent

Members of FRP Advisory have been appointed administrators of Debenhams’ creditor-owned parent company with an eye towards winding it up, amid the continuing administration and potential sale of its operating entities.

24 August 2020

Quinn Emanuel and Kirkland advising as NMC plans administration in Abu Dhabi

Scandal-hit UAE hospital operator NMC Healthcare is planning to file for administration in Abu Dhabi’s financial free zone, four months after its London-listed holding company entered administration in England.

20 August 2020

UK reinsurer enters administration in England amid US litigation

The High Court in London has appointed EY as administrators of British reinsurer CX Reinsurance, as it seeks to resolve lead paint poisoning claims in the US.

18 August 2020

Debenhams hires Hilco Capital to prepare liquidation plans

UK department store chain Debenhams, which fell into administration for the second time in April, has hired British restructuring and refinancing specialists Hilco Capital to draw up potential liquidation plans.

17 August 2020

PwC, Gowling, McCarthy Tétrault and NRF tap partners in Canada

McCarthy Tétrault, Gowling WLG, Norton Rose Fulbright and PwC have all added to their partnerships in Canada in recent weeks, as firms continue to prepare for an expected wave of restructurings.

14 August 2020

Duff & Phelps recruits Australian insolvency pioneer to Sydney practice

Advisory firm Duff & Phelps has recruited one of Australia’s most experienced restructuring and insolvency practitioners for its new Sydney office.

07 August 2020

Travelex completes restructuring with pre-pack administration

London-headquartered foreign exchange company Travelex has completed its restructuring after joint administrators from PwC were brought in to sell some of the group’s UK entities to its senior secured noteholders.

07 August 2020

Seddons hires Brown Rudnick partner in London

London firm Seddons has recruited a partner from Brown Rudnick with credits on the cross-border restructurings of Arcapita, Lehman Brothers and Toys R Us.

05 August 2020

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