Insolvency

Alvarez & Marsal hires ex-Lehman Brothers Asia liquidator in Hong Kong

Edward Middleton, a former managing director and co-head of financial restructuring in Asia at investment bank Houlihan Lokey, has joined Alvarez & Marsal in Hong Kong.

15 July 2020

Boies Schiller adds bankruptcy partners in New York and London

Boies Schiller Flexner has bolstered its bankruptcy group with the former head of Lehman Brothers Holdings’ derivatives bankruptcy strategy in New York, and an ex-Brown Rudnick partner in London.

14 July 2020

Hong Kong court blocks use of Singapore Mareva order as evidence

The Hong Kong Court of Appeal has refused to admit a Singapore court’s Mareva injunction as evidence that an equivalent order should be reinstated in Hong Kong, for the liquidators of Cayman-incorporated China Medical Technologies.

13 July 2020

KPMG advising as Romania’s Blue Air wins protection from creditors

Romania’s largest airline Blue Air has entered pre-insolvency proceedings in Bucharest after funds promised by the government did not arrive in time.

13 July 2020

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

Sidley and Akin Gump advising as Travelex strikes restructuring deal

London-headquartered foreign exchange company Travelex has reached a restructuring agreement that will see its creditors take control and inject it with £84 million in new liquidity.

08 July 2020

Sandton Capital strengthens in London and Paris

European private equity and special situations investor Sandton Capital Partners has recruited former EY restructuring executive Jordan Kay in London and ex-THM Partners senior associate Emmanuel Atlan in Paris.

08 July 2020

Baker McKenzie partner set to join Allen & Overy in Sydney

Allen & Overy has hired Baker McKenzie partner David Walter to its Asia-Pacific restructuring group as a “key part” of a planned expansion in the region.

03 July 2020

Alvarez & Marsal launches Swiss restructuring practice

Alvarez & Marsal has hired former KPMG director Alessandro Farsaci to build and lead its new restructuring practice in Switzerland.

01 July 2020

Alvarez & Marsal advising Wirecard UK while its US arm launches sale

The US subsidiary of scandal-hit payment processor Wirecard has put itself up for sale, while the group’s UK arm has hired Alvarez & Marsal as criminal investigations open up around the world.

30 June 2020

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