Regional news: Europe

Swissport scheme becomes effective with US recognition

Chinese-owned aviation services company Swissport has won Chapter 15 recognition of its English scheme in Delaware, which has now become effective.

07 July 2020

Mallya seeks dismissal of English bankruptcy petition

One-time billionaire Vijay Mallya is seeking to dismiss an English bankruptcy petition brought against him, arguing the creditors of a £1 billion Indian judgment had failed to disclose security over their debt.

07 July 2020

UK introduces new Insolvency Practice Direction

The UK has a new Insolvency Practice Direction and an amended Insolvency Proceedings Practice Direction, updated to reflect the new Corporate Insolvency and Governance Act.

07 July 2020

English court applies new scheme practice statement

An English court has followed requirements in a new practice statement for schemes of arrangement, telling a Luxembourg-headquartered printing group to give more notice of creditor meetings for seven international schemes.

06 July 2020

Shoosmiths advises on TM Lewin pre-pack, EY appointed in Australia

Shoosmiths has advised the administrators of London-based shirt retailer TM Lewin on a pre-pack sale that has shuttered all of its UK stores, as its Australian arm entered voluntary administration under EY.

06 July 2020

Baker McKenzie partner set to join Allen & Overy in Sydney

Allen & Overy has hired Baker McKenzie partner David Walter to its Asia-Pacific restructuring group as a “key part” of a planned expansion in the region.

03 July 2020

Casual Dining Group appoints administrators ahead of sale of business

Casual Dining Group, the KKR-controlled owner of UK restaurant chains Bella Italia, Cafe Rouge and Las Iguanas, has appointed AlixPartners as administrators ahead of an expected sale of the business.

03 July 2020

Ogier promotes one in Guernsey, hires two in London

Offshore firm Ogier has promoted Bryan de Verneuil-Smith in its Guernsey dispute resolution team and hired Jeremy Snead and Anna Snead from Appleby in the Cayman Islands.

03 July 2020

Begbies Traynor brought in as Hong Kong-owned Wigan Athletic kicks off administration

English football club Wigan Athletic has fallen into administration in the UK, just weeks after it was taken over by Cayman-registered, Hong Kong-based Next Leader Fund.

03 July 2020

Premier Oil creditors back BP acquisitions

Creditors of oil and gas company Premier Oil have approved two “deleveraging” acquisitions ahead of a vote on its credit facilities, as the company restructures US$2.8 billion in debt.

02 July 2020

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