Regional news: Europe

Tom Smith KC becomes Deputy High Court Judge

South Square’s head of chambers Tom Smith KC has been appointed a deputy judge of the England and Wales High Court, sitting in the Chancery Division.

26 January 2023

Fixed or floating? Administrators seek last-minute help in Avanti’s pre-pack

The joint administrators of London-based satellite group Avanti Communications have sought court directions on whether certain group assets they disposed of in a pre-packaged sale in April 2022 were subject to fixed or floating charges.

25 January 2023

Cuba challenges validity of sovereign debt assignment in English courts

An eight-day trial is under way in London to decide whether a Cayman fund can bring a claim against Cuba for payment of an almost 40-year-old sovereign debt governed by English law and denominated in now-defunct German Deutschmarks.

25 January 2023

English court orders Chinese businessman to disclose documents to Ch11 trustee

An exiled Chinese businessman, who filed for bankruptcy in the US last year claiming to be in “continuous fear” of the Chinese government, has been ordered to disclose documents to his Chapter 11 trustee in relation to a claim he is pursuing against Swiss bank UBS in London.

24 January 2023

CJEU case on tradability of personal data may create “significant” insolvency hurdles

Insolvency lawyers have raised concerns over a recent European Court of Justice referral from Poland, which could influence the debate over the tradability of data as an asset in distressed situations.

24 January 2023

Petropavlovsk schemes sanctioned as Citibank deadline looms

The administrators of London-listed Russian gold miner Petropavlovsk have secured relief from an English court in a race to distribute the proceeds of the group’s sale to a Russian mining conglomerate before its Citibank accounts are closed.

24 January 2023

Care home group’s shareholders blocked from participating in Part 26A sanction hearings

Shareholders of a British care home group may not participate in the sanction hearings for seven restructuring plans it is pursuing because the plans neither affect their rights nor the economic value of those rights, an English judge has ruled.

23 January 2023

China Fortune Land's English scheme sanctioned

Distressed Chinese property developer China Fortune Land Development has secured court-approval of its English scheme after making last minute changes following the UK’s introduction of sanctions banning the provision of trust services to Russian persons or entities.

23 January 2023

Interpath recruits private equity specialist in London

One of the co-founders of UK debt advisory boutique Tatsu Partners has joined Interpath Advisory in London to help lead its work in the private equity and leveraged finance space.

23 January 2023

German car parts maker Leoni reappoints pandemic CRO after failed sale

Latham & Watkins and Hengeler Mueller are advising German automotive wiring manufacturer Leoni as it reinstates a chief restructuring officer it relied on during the pandemic, following the failed disposal of a subsidiary that jeopardised its 2022 restructuring plan.

20 January 2023

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