Company voluntary arrangement

Heads-Up: Andrew Wilkinson and Neil Devaney at Weil in London

Featured in Heads-Up

Weil Gotshal & Manges’ London restructuring co-heads Andrew Wilkinson and Neil Devaney tell GRR why restructuring skills will have to develop to address environmental issues in future, and why a move from CVAs to Part 26A restructuring plans is desirable.

14 January 2022

Carillion directors claim disqualification proceeding is “oppressive”

Non-executive directors of collapsed construction company Carillion have told an English court that disqualification claims brought against them are “oppressive” and evidence submitted by the UK government is “ill-founded”.

30 November 2021

Norton Rose partner joins Ashurst in Sydney

Ashurst has recruited a partner from Norton Rose Fulbright in Sydney, who has experience advising on the restructurings of mining company Arrium and swimwear brand Seafolly.

29 November 2021

Caffè Nero CVA challenge rejected

An English court has rejected all allegations of material irregularity and unfair prejudice brought by a landlord against UK coffee chain Caffè Nero’s company voluntary arrangement, in a decision that exposes a gap in the rules on UK electronic voting procedures.

29 September 2021

Former administrators avert £19 million misfeasance claims

A pair of Deloitte-turned-Teneo partners have defeated misfeasance claims arising out of the administration of a storage group more than six years ago, after an English judge struck them out and partially dismissed breach of duty claims against Clyde & Co.

24 September 2021

Nortel’s main French arm to end English administration

The largest French arm of Nortel Networks is set to terminate its “unique” 12-year English administration, eight months after a court in Versailles closed its secondary liquidation.

20 September 2021

Caffè Nero CVA challenge trial starts in London

A landlord of UK coffee chain Caffè Nero, and a billionaire looking to buy it, have given evidence to the High Court in London on the first day of a challenge to its company voluntary arrangement.

21 July 2021

IWIRC London/Europe: recognition of insolvency and restructuring procedures post-Brexit

Recognition of UK insolvency and restructuring procedures in the EU post-Brexit could be “complex, piecemeal and uncertain”, according to panellists at a virtual event jointly organised by IWIRC’s Europe and London networks.

10 June 2021

Caffè Nero fails to strike out CVA challenge

UK coffee chain Caffè Nero has failed to get a landlord’s challenge to its company voluntary arrangement struck out, after an English court was unconvinced by its claim that the challenge was an improper attempt to force a takeover.

28 May 2021

KPMG “rising star” moves to Alvarez & Marsal in London

Alvarez & Marsal’s European restructuring head tells GRR that the recent sales of KPMG's and Deloitte’s UK restructuring arms are proving to be “good news” for the firm, which hired former KPMG director Paul Berkovi in London this week.

18 May 2021

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