Liquidation

A mainland Chinese bank has secured a Hong Kong winding-up order against a real estate group that failed to justify before Mr Justice Harris why the order should be adjourned pending a restructuring: meanwhile a Hong Kong-based investment holding company is seeking liquidation in the Cayman Islands.

26 January 2021

Debenhams’ old top company is set to be wound-up following a court hearing, while the administrators of the retailer’s current operating arms have confirmed the sale of its brand name and the closure of its stores.

25 January 2021

Updated: European firm Jeantet has established a restructuring practice with a four-lawyer team from France's Fidal in Paris; while White & Case has hired from Clifford Chance in Japan and GÖRG from Anchor Rechtsanwälte in Germany.

11 January 2021

Interest claims brought by ING Bank against Santander in London belong in Madrid an English judge has ruled, in a case she described as “more complex” than previous ones pitting the EU’s Insolvency Regulation against the recast Brussels Regulation.

23 December 2020

Deloitte partner Ken Fennel and director James Anderson have been formally appointed as the joint liquidators of four Arcadia group operating companies in Ireland, while its Evans brand has been sold to an Australia-listed retailer.

22 December 2020

A New York court has thrown out avoidance claims brought by the BVI liquidators of three Madoff funds against their shareholders, but allowed them to continue with constructive trust claims under BVI common law.

17 December 2020

An English subsidiary of an African diamond miner has sought recognition of its scheme proceedings in New York, two weeks after the joint provisional liquidators of a Bermudian insurance company also filed Chapter 15 proceedings in the city.

16 December 2020

British retail group Arcadia has collapsed into administration after launching several company voluntary arrangements last year, while the administrators of Debenhams are preparing to liquidate its UK operations after failing to find a buyer.

01 December 2020

Shareholders of the Middle East's largest contractor, Arabtec, have announced it will file for liquidation “at the earliest opportunity”, despite a small group among them making a last-ditch restructuring proposal on Monday.

01 December 2020

An oil and gas group pursuing a Singaporean scheme, KrisEnergy, has reached a settlement with a creditor that brought a Cayman winding-up petition against its Thai subsidiary, after failing to secure an injunction on the petition.

30 November 2020