Regional news: Belgium
DLA Piper and GLAS push Gupta holding companies into administration
A team from DLA Piper acting for GLAS Trust Corporation has placed two Sanjeev Gupta-owned companies that hold aluminium assets in Europe into administration in the UK.
30 July 2021
Teneo hires new valuation head in London
Two months after acquiring Deloitte’s UK restructuring arm, New York-headquartered advisory firm Teneo has hired Alvarez & Marsal managing director Martin Drummond to lead its valuation advisory practice in London.
30 July 2021
A&O advises on controlled Dutch scheme liquidation
The former holding company of international outdoor clothing group AS Adventure has been liquidated after securing a cooling-off period under Dutch scheme proceedings, which allowed it to formulate a liquidation plan while the rest of the group was sold through a share pledge enforcement.
15 July 2021
Bryan Cave restructuring head to join Simmons & Simmons in London
Simmons & Simmons has hired Bryan Cave Leighton Paisner’s EMEA head of restructuring in London, labelling the practice area “an investment priority” for the firm.
01 March 2021
“Unsustainable”: Air Namibia set to file for liquidation
Namibia’s government said it will file for the voluntary liquidation of the country’s flag carrier, two weeks after the airline reached an agreement over historic unpaid debts with Belgium’s defunct ChallengeAir.
15 February 2021
NautaDutilh partner charged over alleged money laundering at bankrupt retailer
Belgian prosecutors have charged NautaDutilh partner Elke Janssens in connection with a money laundering investigation into bankrupt fashion chain FNG, which collapsed following allegations of market manipulation.
22 September 2020
US and Dutch courts approve HEMA’s English scheme restructuring
Low price homeware retailer HEMA’s restructuring through English, US and Dutch courts is a “perfect example” of how European brands with complex capital structures can restructure with minimal fallout, lawyers working on the case have told GRR – but it may be the last scheme of its kind.
17 September 2020
Hema scheme approved in England
The High Court in London has sanctioned Dutch retailer Hema’s English scheme of arrangement, allowing it to restructure €600 million of senior secured notes as part of a comprehensive, multi-jurisdictional financial restructuring.
24 August 2020
Swissport scheme becomes effective with US recognition
Chinese-owned aviation services company Swissport has won Chapter 15 recognition of its English scheme in Delaware, which has now become effective.
07 July 2020
Swissport scheme sanctioned but unsecured group set to fight changes to intercreditor agreement
An English court has sanctioned a scheme for Chinese-owned aviation services company Swissport, but a group of its senior unsecured noteholders have raised issues with changes to a New York law-governed intercreditor agreement.
24 June 2020