Administration

Katten Muchin launches UK restructuring practice with CRS hire

Charles Russell Speechlys partner Prav Reddy has joined the London affiliate of US firm Katten Muchin Rosenman, in what is its first move into the restructuring sector outside the US.

04 August 2020

DLA Piper recruits partner in Melbourne

DLA Piper has hired a new partner in its Melbourne restructuring practice, after losing its Australian head of restructuring to Dentons in March.

29 July 2020

UK mini-bond seller wound-up by scandal-hit parent LC&F

An English court has ordered the winding-up of a UK mini-bond seller, following a petition by the administrators of its scandal-hit parent, London Capital & Finance.

28 July 2020

Paragon shareholder again fails to challenge UK-US restructuring

A former shareholder of oil services company Paragon, who failed repeatedly to challenge its Chapter 11 plan, has now failed to challenge its UK administration too.

22 July 2020

Gibraltar Supreme Court clarifies insolvency set-off rules

The Supreme Court of Gibraltar has clarified the time at which an account should be taken for insolvency set-off purposes, following an application from the administrators of a locally-registered insurance company.

21 July 2020

African Minerals creditors back English scheme

Creditors of Bermuda-registered mining company African Minerals have voted to approve its English scheme to resolve a creditor conflict about claims the company may bring against China’s Shandong Iron and Steel Group.

21 July 2020

KPMG administrators complete another UK casual dining pre-pack

Travers Smith, Sidley Austin and Clifford Chance have all taken roles as restaurant owner Azzurri Group was transferred to a new investor in a pre-pack administration deal.

20 July 2020

ADGM enhances insolvency law with priority financing for administrators

Officials in Abu Dhabi’s financial free zone have enacted amendments to the insolvency framework for its English-language courts, including the addition of new priority financing measures.

16 July 2020

High court lets Lehman make shareholder distributions in “exceptional case”

The administrators of Lehman Brothers International (Europe) will consent to a directors’ request to distribute £29 million to its sole shareholder, after the High Court in London gave them the green light.

15 July 2020

Pensions Protection Fund appoints FRP to investigate Laura Ashley administration

Updated: The UK’s Pension Protection Fund has appointed additional administrators from FRP Advisory to investigate the actions of British fashion chain Laura Ashley in the run up to its insolvency filing.

13 July 2020

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