Administration
English court issues landmark Lehman sub-debt ruling
The High Court of Justice in London has ruled on the distribution of over US$10 billion in subordinated liabilities of two UK Lehman Brothers entities, reaching different conclusions on their priority rankings.
10 July 2020
Australian swimwear retailer dives into administration
Australia’s largest swimwear retailer Seafolly, which is backed by French fashion conglomerate LVMH Moët Hennessy Louis Vuitton, has filed for voluntary administration in Sydney, with Norton Rose Fulbright and Ashurst advising.
10 July 2020
Estate of alleged German DHL fraudster seeks Florida recognition
The administrator of the estate of a German resident accused of defrauding multinational courier Deutsche Post is seeking US recognition of his German insolvency, in an effort to sell a Florida house.
09 July 2020
Shoosmiths advises on TM Lewin pre-pack, EY appointed in Australia
Shoosmiths has advised the administrators of London-based shirt retailer TM Lewin on a pre-pack sale that has shuttered all of its UK stores, as its Australian arm entered voluntary administration under EY.
06 July 2020
Casual Dining Group appoints administrators ahead of sale of business
Casual Dining Group, the KKR-controlled owner of UK restaurant chains Bella Italia, Cafe Rouge and Las Iguanas, has appointed AlixPartners as administrators ahead of an expected sale of the business.
03 July 2020
Begbies Traynor brought in as Hong Kong-owned Wigan Athletic kicks off administration
English football club Wigan Athletic has fallen into administration in the UK, just weeks after it was taken over by Cayman-registered, Hong Kong-based Next Leader Fund.
03 July 2020
Fried Frank and Shoosmiths advise on Bensons for Beds pre-pack
Turnaround specialist Alteri Investors has acquired UK retailer Bensons for Beds through a pre-packaged administration sale, with Fried Frank Shriver & Jacobson and Shoosmiths advising.
02 July 2020
Virgin Australia administrators select Bain Capital as new owner
Virgin Australia’s administrators have entered a sale agreement with US private equity group Bain Capital and warned shareholders not to expect any recoveries.
01 July 2020
KPMG taps Linklaters as shopping centre owner falls Intu administration
Linklaters is advising administrators from KPMG appointed over shopping centre owner Intu, the London and Johannesburg-listed owner of 17 malls across the UK and at least one in Spain.
30 June 2020
African Minerals secures scheme hearing in England
African Minerals, a Bermuda-registered mining company in administration in the UK, has won court approval to hold a scheme meeting to help it resolve a creditor conflict about whether it should pursue claims against a Chinese steel group.
29 June 2020
Get unlimited access to all Global Restructuring Review content