Regional news: England
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
New Weil study on corporate distress finds liquidity pressures rising
UK corporates experienced the highest levels of relative distress in Europe during the pandemic, a new study from Weil Gotshal & Manges has found, with liquidity pressures now rising as governments roll back financial stimulus measures.
16 December 2021
English law as a bulwark against insolvency
English law offers greater protection in insolvency than any other through its trio of “super-priority claims”, argues Philip Wood CBE QC, a special global counsel at Allen & Overy, visiting fellow at Cambridge, author and adviser to lobbying group LegalUK.
19 November 2021
Simpson Thacher plans London launch with double partner hire
Former Freshfields colleagues Adam Gallagher and James Watson are reuniting to establish Simpson Thacher & Bartlett’s first European restructuring practice.
04 February 2021