News

Pensions Protection Fund appoints FRP to investigate Laura Ashley administration

Updated: The UK’s Pension Protection Fund has appointed additional administrators from FRP Advisory to investigate the actions of British fashion chain Laura Ashley in the run up to its insolvency filing.

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

LATAM's Brazil arm joins Chapter 11, as recognition granted in Chile and Colombia

LATAM Airlines Brasil has joined in the New York Chapter 11 proceedings of its South American parent, as the group secured recognition of its US bankruptcy in Chile and Colombia.

10 July 2020

UK regulator sets out plans for Big Four separation

The UK’s audit and accountancy regulator, the Financial Reporting Council, has set out its principles for the operational separation of the Big Four’s audit practices.

10 July 2020

Australian swimwear retailer dives into administration

Australia’s largest swimwear retailer Seafolly, which is backed by French fashion conglomerate LVMH Moët Hennessy Louis Vuitton, has filed for voluntary administration in Sydney, with Norton Rose Fulbright and Ashurst advising.

10 July 2020

Brooks Brothers enters Delaware Chapter 11 with auction plans

Weil and Richards Layton & Finger are advising one of the oldest US apparel retailers, which has sought bankruptcy protection as it plots to sell its assets and drop “burdensome” leases.

09 July 2020

Montreal tea retailer rethinks its business model in CCAA and Chapter 15

Canadian specialty tea retailer DAVIDsTEA has been granted court protection in Canada and applied for Chapter 15 recognition, as it restructures its business model from shops to online.

09 July 2020

FTI hires in Chicago

Daniel Wikel, the co-founder of global management consulting firm Huron Consulting Group, has joined FTI Consulting in Chicago.

09 July 2020

Satellite company OneWeb enters plan with UK government-backed consortium

London-based company OneWeb is seeking approval of its Chapter 11 plan support agreement with a UK-Indian consortium, which has agreed to step in as DIP lender and buy it out of bankruptcy.

09 July 2020

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