Regional news: Europe

Caffè Nero CVA challenge trial starts in London

A landlord of UK coffee chain Caffè Nero, and a billionaire looking to buy it, have given evidence to the High Court in London on the first day of a challenge to its company voluntary arrangement.

21 July 2021

Ashurst hires in Singapore

Ashurst has bolstered its Asian restructuring practice with the hire of partner Robert Child from Clifford Chance in Singapore.

20 July 2021

FTI Consulting, Clifford Chance and Mourant advise in Trans Maldivian Airways takeover

At least nine law and advisory firms have completed a consensual restructuring of the world’s largest seaplane operator, Trans Maldivian Airways, through an acquisition by some of its lenders.

20 July 2021

The EU Restructuring Directive: how member states are progressing with transposition

With the deadline for domestic transposition of the European Restructuring Directive having passed this weekend, McDermott Will & Emery partner Timothée Gagnepain and associate Lucille Madariaga in Paris discuss how it has been eagerly awaited – and yet is likely to be postponed for at least a year – in most EU member states.

19 July 2021

Simmons & Simmons sets up new German restructuring team

Simmons & Simmons has hired a partner from Allen & Overy with credits on the Steinhoff restructuring, to lead a new German restructuring and insolvency team in Frankfurt.

19 July 2021

Distressed investors win English jurisdictional battle against France’s Cassini

Three funds managed by distressed investors SVP Global and Attestor Capital have secured an English court ruling against insolvent French events organiser Cassini, over its failure to release key information under an English law-governed loan agreement.

19 July 2021

GÖRG partner appointed over kitchenware company

Germany-based kitchenware company Neue Alno has filed for insolvency for the second time in four years, with GÖRG partner Holger Leichtle appointed as provisional trustee.

19 July 2021

NMC Healthcare administrators prep for London arbitration

NMC Healthcare’s ADGM administrators and Dubai Islamic Bank have agreed to a London arbitration to resolve their disputes over insurance receivables the bank claims it is entitled to as security.

16 July 2021

FRP joins global advisory network, Hilco acquires New York turnaround firm

The UK’s FRP has joined global advisory group Eight International and hired an EY partner in London, while financial services company Hilco Global has acquired New York-based restructuring firm Getzler Henrich & Associates.

16 July 2021

Hotel operator JJW’s winding up appeal blocked in Guernsey

A European hotel and leisure group’s holding company has been denied a second chance at appealing its compulsory winding up in Guernsey, despite arguing that the French judgment debt at the heart of its winding up had been overturned.

16 July 2021

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