Regional news: Europe
Akin Gump partner joins Weil in London
Weil Gotshal & Manges has hired London-based Akin Gump Strauss Hauer & Feld partner Lois Deasey, who brings with her experience working on the restructurings of Premier Oil, Noble Group and Avanti Communications.
06 June 2022
UK proposes new insolvency regime for stablecoin failures
Insolvency practitioners have welcomed UK government proposals to introduce a regime to manage stablecoin failures, with one adviser telling GRR the move presents an opportunity for the UK to become a global leader in the crypto space.
01 June 2022
“The scheme lives on”: landmark Amigo judgment released
A week after sanctioning subprime lender Amigo’s landmark scheme, Mr Justice Trower has released his judgment, which counsel to the group says is good for creditors, the company, future lenders and the English restructuring market.
31 May 2022
Ogier expands into Ireland
Offshore firm Ogier has merged with Dublin-based Leman Solicitors to develop its offering in Ireland, as one of its new partners tells GRR the market is primed for an increase in non-contentious restructurings.
31 May 2022
Creditors and court approve Danish pharma restructuring
Copenhagen-based biopharmaceutical company Orphazyme has secured creditor and court approval of its restructuring proposal in Denmark, paving the way for it to sell its assets to US pharma group KemPharm.
31 May 2022
Bankrupt former KPMG restructuring leader sues HSF in London
KPMG’s former restructuring leader for South East Asia has filed a claim against Herbert Smith Freehills in London, alleging he lost his job after the firm told the Big Four group about personal debts he revealed when he approached it for advice.
30 May 2022
Interview: Volker Beissenhirtz, treasurer of new German insolvency association
German restructuring professionals and court personnel have formed a new association aimed at improving the country’s restructuring and insolvency laws and court processes. Its new treasurer Volker Beissenhirtz tells GRR how the group plans to achieve its goals.
26 May 2022
Century old car repair business declared bankrupt after WHOA failure
A Dutch auto repair company has fallen into bankruptcy after its WHOA process failed and its restructuring expert withdrew.
26 May 2022
French-Bermudian JV's creditors agree to Chinese restructuring
Creditors of a joint venture between Bermuda-registered car manufacture Brilliance Auto and France’s Renault have approved the formation of a committee to oversee a restructuring in China.
25 May 2022
Danish pharma company seeks $13 million asset sale amid US class action
A Copenhagen-based biopharmaceutical company is set to sell its assets to US pharma group KemPharm as part of a restructuring announced last week, after failing to secure European approval to market a new drug.
25 May 2022