Regional news: England

Harneys recruits Forbes Hare partner in Cayman

Less than two years after joining Forbes Hare in the Cayman Islands, partner Ben Hobden has left the firm to join Harneys' restructuring, insolvency and litigation group.

06 September 2023

VanMoof bought out of bankruptcy after securing Ch15 stay

A subsidiary of motorsport technology company McLaren Applied has agreed to buy Dutch e-bike manufacturer VanMoof out of bankruptcy, two days after the company secured a temporary Chapter 15 stay to halt an injury claim brought against a non-debtor subsidiary in New York.

31 August 2023

Adler plan sanction decision expected next week

The judge hearing German real estate group Adler’s restructuring plan is expected to hand down his decision without reasons next week, after a three-day sanction hearing in the English High Court ended with points of contention surrounding the plan’s fairness and whether creditors will receive a full return.

06 April 2023

England and Wales: overview of restructuring mechanisms and recent developments

Featured in Europe, Middle East and Africa Restructuring Review 2023

24 March 2023

Wine investment fund enters provisional liquidation in Bermuda following regulator investigation

A Bermudian court has appointed joint provisional liquidators over a local fund that specialises in fine wine investment, after the island’s financial regulator raised concerns following investor allegations of wrongdoing.

21 February 2023

China Fortune Land alters English scheme amid new Russia sanctions

Struggling Chinese property developer China Fortune Land Development has been forced to amend its English scheme after the UK announced new sanctions that prohibit the provision of trust services to Russian persons or entities.

09 January 2023

UK Supreme Court seals Candey fee priority dispute in Peak Hotels liquidation

London disputes boutique Candey has lost a years-long fight to recoup around £4 million in legal fees in priority to other creditors of an insolvent hotelier, after the UK Supreme Court found it waived an equitable lien when it entered into a new fee arrangement with the company pre-liquidation.

22 December 2022

Hong Kong’s Look Chan Ho called to English Bar

Cross-border insolvency specialist and Hong Kong-qualified barrister Look Chan Ho has been called to the Bar of England and Wales.

02 December 2022

Eversheds, Interpath and BDO advising struggling global fruit supplier

Updated: Global fruit distributor Jupiter Group has entered administration in England, two weeks after its South African subsidiaries commenced business rescue proceedings in Stellenbosch.

14 September 2022

Lehman Brothers administrator leaves PwC to launch new firm

Long-time PwC partner Russell Downs has left the Big Four firm to launch his own restructuring boutique in London, telling GRR he expects to see an increase in insolvency proceedings as a result of Western sanctions on Russia.

30 March 2022

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