Operational restructuring

German law firm Grub Brugger has hired an entire insolvency team from Stuttgart’s Menold Bezler, including a group of partners who completed one of the first German restructurings under the new StaRUG tool.

23 August 2021

The NMC group has announced it will hold meetings of creditors for its 35 deeds of company arrangement on 1 September, in a detailed update also noting the various proceedings it has been pursuing - and fighting - in onshore and offshore courts across the UAE.

13 August 2021

With the deadline for domestic transposition of the European Restructuring Directive having passed this weekend, McDermott Will & Emery partner Timothée Gagnepain and associate Lucille Madariaga in Paris discuss how it has been eagerly awaited – and yet is likely to be postponed for at least a year – in most EU member states.

19 July 2021

London-based turnaround and restructuring firm Buchler Phillips has re-hired an insolvency specialist after a 25-year hiatus and appointed the former chairman of Tottenham Hotspur football club as a partner.

07 June 2021

Creditors of Thai Airways have voted in favour of what one lawyer has described as a “vague” restructuring plan, which envisages the airline being in rehabilitation until at least 2025.

21 May 2021

A company voluntary arrangement on steroids, or a tool that gives Goliath license to squash David? Lawyers on the debtors’ and landlords’ side give their take on Virgin Active’s freshly-sanctioned restructuring plans: the first to compromise lease liabilities, with the most extensive cram-down seen to date.

13 May 2021

Kirkland & Ellis and Deloitte are advising Japanese-owned car park operator NCP as it follows gym chain Virgin Active in using a UK restructuring plan to deal with property leases – meanwhile the High Court has weighed in on who should pay objecting landlords’ costs in restructuring plan cases.

16 April 2021

Brazilian financial group Piemonte has acquired five data centres from Oi with assistance from Pinheiro Neto Advogados, marking the telecoms company’s first divestment under its judicial restructuring.

31 March 2021

Thai Airways’ rehabilitation planners have submitted a restructuring plan before a Bangkok court as well as the country’s official receiver and its stock exchange managers, but creditors’ counsel say their clients are yet to see its contents.

02 March 2021

A year on from the foundation of its restructuring practice under Numa Rengot, France’s Franklin has expanded in Paris with a hire from Deloitte’s French firm Taj.

21 January 2021