Regional news: England

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

Airline roundup: LCWP acting for lessors in contentious AirAsiaX restructuring

Kuala Lumpur-based Lim Chee Wee Partnership is acting for leasing company BOC Aviation in its efforts to derail Malaysian airline AirAsia X's scheme of arrangement – while Indonesia’s Lion Air is facing a bankruptcy application and Japan’s ANA Holdings has announced a number of cost-cutting measures.

27 October 2020

Settlement clears way for oil major Noble's Chapter 11 plan

London-headquartered offshore drilling contractor Noble Corporation has settled a US$2.7 billion lawsuit with its former subsidiary, Paragon Offshore, clearing the way for its Chapter 11 restructuring.

19 October 2020

Oil driller KCA Deutag allowed to convene English scheme meeting

A court in London has convened a single meeting of creditors for a scheme of arrangement restructuring US$1.9 billion of international oil and gas drilling company KCA Deutag's debt - after asking its counsel to be cautious of increasing work fees.

15 October 2020

White & Case announces new partner promotions

Five lawyers with restructuring experience have been promoted to partners in White & Case's London, New York, Frankfurt and Paris offices, effective from January 2021.

12 October 2020

Brown Rudnick hires from Baker McKenzie in London

A former Ropes & Gray and Baker McKenzie partner with credits on the restructuring of South African retail group Steinhoff’s UK arm, has joined Brown Rudnick.

21 September 2020

Former Baker McKenzie restructuring co-head joins Greenberg Traurig

Greenberg Traurig has hired former co-head of Baker McKenzie’s global restructuring practice Ian Jack as a shareholder in its London office.

17 March 2020

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