News

Kirkland makes rare US lateral hire

Kirkland & Ellis's restructuring practice has made its first lateral hire in the US for more than a decade, taking a partner from Skadden Arps Slate Meagher & Flom.

06 April 2021

Fried Frank continues growth with New York hire

Weeks after Mandip Englund joined its London restructuring group, Fried Frank has hired veteran Kasowitz Benson Torres partner Adam Shiff in New York.

06 April 2021

Weil Gotshal advising as Brooks Brothers enters UK administration

UPDATED: US clothing group Brooks Brothers has placed its UK arm into administration after securing approval of a Chapter 11 plan to wind down its remaining assets following a sale last year.

06 April 2021

Virgin Active landlords need disclosure for cramdown arguments, English court says

The English High Court has published its reasons for allowing Virgin Active to hold plan meetings, explaining that it ordered the gym chain to give landlords extra information because it was relevant to a potential cross-class cramdown challenge.

01 April 2021

Light-touch – not soft-touch – PLs for African oil and gas group

Offering a rare glimpse into a cross-border insolvency in Africa, a Cayman court has appointed light-touch provisional liquidators over an oil and gas company finding its intention to restructure was there, despite its “precarious” negotiations being at an early stage and creditors in Kenya trying to stall a related Mauritian administration.

01 April 2021

Community roundup: Shearman & Sterling, Kroll, FTI Consulting and EY

Shearman & Sterling has continued its London expansion while FTI Consulting has strengthened its Madrid and Abu Dhabi offices, Kroll has promoted four new managing directors in the UK, and EY has hired in Bermuda.

01 April 2021

Ex-Tauil & Chequer partner launches boutique, enters alliance

Former Tauil & Chequer Advogados partner Leonardo Morato has launched a new Brazilian restructuring boutique and entered an alliance with São Paulo real estate firm DMBoulos Advogados.

01 April 2021

Shearman & Sterling adds London partner from Akin Gump

Shearman & Sterling is expanding in London two months after rehiring a former Lehman Brothers managing director to chair its New York financial restructuring and insolvency group.

31 March 2021

Gategroup plan sanction reasons handed down

Mr Justice Zacaroli has issued his reasons for sanctioning gategroup’s UK restructuring plan, in the face of an “artificial” forum shopping structure and questions over whether English law could vary rights between non-assenting creditors and foreign third parties.

31 March 2021

Omani businessman’s UK bankruptcy recognised in US following divorce judgment

Sequor Law has helped the English trustees of an Omani citizen secure interim recognition in Florida and is advising the Cayman liquidators of a segregated portfolio company on a recognition request in the same state – while a separate set of Cayman liquidators are seeking similar relief in New York.

31 March 2021

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