Regional news: Europe
Eversheds partner moves to Oppenhoff in Hamburg
German firm Oppenhoff has hired the founding partner of Eversheds Sutherland’s Hamburg office, who has been advising creditors on the cross-border restructuring of wind turbine maker Senvion.
29 January 2021
Guernsey fund’s liquidators secure emergency US discovery powers
The voluntary liquidators of a Guernsey-incorporated fund have secured provisional US recognition in New York, along with powers to examine transfers made by a Delaware real estate group.
29 January 2021
DeepOcean cross-class cram-down reasons published
The High Court in London has issued its reasons for applying the UK’s cross-class cram-down mechanism for the first time earlier this month, with local lawyers describing the decision as a “game-changer”.
28 January 2021
Centerbridge-linked investor urges English court to reject Steinhoff scheme
The terms of a global settlement of litigation claims against Steinhoff are “manifestly unfair”, according to a US investor that has urged the High Court in London not to sanction the South African conglomerate’s latest scheme.
27 January 2021
Brown Rudnick settles Lyondell trustee’s malpractice suit
Brown Rudnick has reached a settlement in principle with the litigation trust of bankrupt Dutch petrochemicals group LyondellBasell, which accused the firm of malpractice in failing to claw back US$300 million from Ukrainian-born billionaire Leonard Blavatnik.
27 January 2021
Steinhoff seeks UK scheme sanction as US investor files rival Dutch action
On the first day of a sanction hearing for Steinhoff’s latest English scheme it has emerged that an opposing party affiliated with distressed investor Centerbridge Partners has filed rival proceedings under the new Dutch WHOA process.
26 January 2021
Fried Frank hires Reed Smith partner in London
Fried Frank Harris Shriver & Jacobson has hired a former Reed Smith partner in London, who has been working on the restructuring of Dutch subsea services provider DeepOcean Group.
25 January 2021
Ex-Debenhams topco wound-up as stores set to close
Debenhams’ old top company is set to be wound-up following a court hearing, while the administrators of the retailer’s current operating arms have confirmed the sale of its brand name and the closure of its stores.
25 January 2021
McDermott adds new restructuring head in London
Proskauer Rose’s former European head of restructuring Mark Fennessy has moved to McDermott Will & Emery in London, telling GRR his new firm's strong finance, corporate and litigation offering will be important in the post-Brexit world.
22 January 2021
UK’s financial regulator rapped following LCF collapse
Signature Litigation partners Paul Brehony and Abdulali Jiwaji and head of knowledge and legal services Johnny Shearman examine the impact of the recent public reprimanding of the UK’s Financial Conduct Authority for oversight failures in the collapse of mini-bond issuer London Capital & Finance.
22 January 2021
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