Regional news: Africa & Middle East
South Africa’s Webber Wentzel strengthens team in Johannesburg
Linklaters alliance firm Webber Wentzel has recruited former Allen & Overy partner Khurshid Fazel as its new restructuring head in Johannesburg, along with partner Julian Jones from Cliffe Dekker Hofmeyr.
18 May 2020
DLA Piper advising administrators of scandal-hit NMC Health
DLA Piper partners Chris Parker and Peter Somekh are advising a trio from Alvarez & Marsal as joint administrators of Abu-Dhabi-based healthcare chain NMC Health, which has been engulfed in accusations of fraudulent accounting.
14 April 2020
Moelis, PwC and A&O brought in for US$2bn NMC Health restructuring
Abu Dhabi-based healthcare chain NMC Health has hired Allen & Overy, Big Four firm PwC, and global investment bank Moelis & Company to advise on its US$2 billion debt restructuring, following allegations of discrepancies in its finances.
02 March 2020
Hyflux deadlines extended for debt buyout and creditor claims
Singaporean investor Aqua Munda has extended the deadline for Hyflux’s noteholders and unsecured creditors to tender their debt buyout offers.
05 February 2020
Hyflux appoints Clifford Chance
One day after WongPartnership applied to discharge itself as counsel to Hyflux, the struggling Singaporean utility has appointed Clifford Chance and its local partner Cavenagh Law as its new legal advisors.
30 January 2020
WongPartnership seeks discharge from Hyflux restructuring
Struggling Singaporean utility Hyflux has secured another month-long extension to its debt moratorium after WongPartnership applied to discharge itself as counsel to the company, with Norton Rose Fulbright or Milbank primed to take over.
29 January 2020
Doncasters Group seeks recognition in Delaware
Three days after the High Court in London convened a pair of scheme meetings for its first- and second-lien lenders, Dubai-owned alloy manufacturer Doncasters Group has filed Chapter 15 proceedings in Delaware.
21 January 2020
Hyflux seeks proofs of claim while new investor offers debt buyout
Singapore’s struggling water treatment company Hyflux has asked creditors to file proofs setting out their claims, as it looks to convene scheme meetings to vote on its restructuring deal with UAE utility Utico.
10 January 2020
Steinhoff sells off British and Australian retailers
Scandal-hit South African conglomerate Steinhoff has sold the group behind British retailers Bensons for Beds and Harveys Furniture, as well as the merchandise division of its Australasian subsidiary, owner of Debenhams Australia.
22 November 2019
Administrators of Nigerian gas group complete pre-pack sale in England
Administrators from EY in London and Grant Thornton in Mauritius have completed the pre-packaged sale of Nigerian gas group Seven Energy, with a host of city firms advising.
19 November 2019
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