Insolvency

IWIRC launches Korea network

The International Women’s Insolvency & Restructuring Confederation has launched a new network in Korea, led by AlixPartners director Jungmin Lee and Alvarez & Marsal manager Jiwon Nam.

08 December 2020

Former Steinhoff CRO Heis returns to KPMG

KPMG’s former global head of restructuring Richard Heis has returned to the Big Four firm, three years after he retired from its partnership.

07 December 2020

Baker McKenzie establishes new restructuring team in Frankfurt

Baker McKenzie has set up a new restructuring team in Frankfurt, bringing in lawyers from Clifford Chance and CMS.

03 December 2020

Nortel’s Irish and Italian arms to end administrations

Nortel Networks has moved another step closer to finalising its UK administrations after the joint administrators of its Irish and Italian arms secured termination and discharge orders from the High Court in London.

30 November 2020

ECHR sides with German courts in privilege battle

A European court has found that privilege in a lawyer-client relationship may be waived if it serves an insolvent company’s interests, in cases where its interests diverge from those of its former managing directors.

23 November 2020

Santander snaps up Wirecard payments platform, with A&O advising

Allen & Overy is advising Santander on its acquisition of Wirecard’s core technology assets, the latest in a series of firesales at the collapsed German payments firm that is facing over €12 billion worth of claims.

19 November 2020

Alston & Bird hires first restructuring partner in London

After over two decades at Sidley Austin, Phillip Taylor has joined Alston & Bird as its first London-based restructuring partner.

18 November 2020

Barcelona court approves Spain’s first pre-pack

Insolvency lawyers in Spain have welcomed a Barcelona court’s decision to allow two language schools to negotiate a sale of their assets before filing for bankruptcy, marking the country's first pre-pack.

12 November 2020

Bremen court appoints German Property Group creditors committee

The Bremen court hearing a disgraced German real estate investment scheme's billion-euro insolvency proceedings has appointed a provisional creditors’ committee to represent the interests of some of the international pensioners it targeted.

12 November 2020

Quantuma continues hiring spree with London addition

Quantuma has added a former director of fellow UK advisory firm MHA MacIntyre Hudson to its London office, marking its fourth restructuring hire in the space of a month.

10 November 2020

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