Insolvency

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

Flöther appointed Sundair trustee as another airline comes down with covid-19

Charter airline Sundair has entered protective shield proceedings in Germany, where the court has appointed Lucas Flöther as provisional trustee and a host of counsel have come on board.

09 November 2020

Community roundup: FRP and Quantuma make hires across the UK

UK advisory firms have announced new hires in Scotland, London and Southampton as demand for restructuring advice surges amidst the covid-19 pandemic.

04 November 2020

KPMG promotes in UK deal advisory practice

KPMG has promoted two restructuring advisers to its partnership in Scotland and Northern England.

26 October 2020

Indian court affirms that plans bind applicants on creditor approval

An Indian appellate court has affirmed that corporate resolution plans are binding on their applicants once a committee of creditors has approved them, in the restructuring of a solar power company.

22 October 2020

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