Regional news: Europe
Restructuring expert appointed in new first for Dutch scheme
Marking another first for the new Dutch scheme, a restructuring expert has been appointed over two struggling companies by a court in the Northern Netherlands.
21 January 2021
Alvarez & Marsal continues European growth with London Deloitte hire
Former Deloitte partner Christian Ebner has joined Alvarez & Marsal as a managing director in London, where he will focus on German and Italian markets.
21 January 2021
French firm Franklin expands in Paris
A year on from the foundation of its restructuring practice under Numa Rengot, France’s Franklin has expanded in Paris with a hire from Deloitte’s French firm Taj.
21 January 2021
Freshfields advising as Malaysia Airlines wins landmark UK scheme decision
Lawyers for the Malaysia Airlines group have welcomed a landmark English court ruling that they say confirms UK restructuring tools offer airlines a quicker and cheaper alternative to Chapter 11.
20 January 2021
English court will hear Galapagos claim amid international challenges
An English court will hear a claim for declaratory relief concerning the validity of the Galapagos group’s controversial 2019 restructuring after finding that an “anchor defendant” in the form of a non-participating high yield note trustee gave it jurisdiction over a Luxembourg fund and a German insolvency administrator.
20 January 2021
Community round-up: Pachulski Stang, Piper Sandler and RSM beef up, as Duff & Phelps opens in Gibraltar
The new year flurry of personnel changes is showing no sign of abating with Pachulski Stang Ziehl & Jones and Piper Sandler acquiring restructuring teams in the US, Duff & Phelps opening a new office in Gibraltar, and RSM adding an investigations partner in London.
19 January 2021
Saad liquidators lose share transfer claim against Saudi bank
The liquidators of Cayman fund Saad Investments Company have been stopped from clawing back US$318 million worth of shares that its founder transferred to a Saudi bank after the fund’s collapse over a decade ago.
18 January 2021
Community roundup: hires at Simmons, Dentons and Hunton Andrews Kurth, as Begbies Traynor acquisition launches it offshore
Simmons & Simmons, Dentons and Hunton Andrews Kurth have hired in London, Portland in Maine and Bangkok respectively; while Begbies Traynor has acquired insolvency advisory group CVR Global, adding its first overseas offices.
18 January 2021
First Dutch scheme decision issued in The Hague
In what is believed to be the first decision relating to the new Dutch scheme, the Court of The Hague has ordered a two-month moratorium on creditor actions against an anonymised retail company.
15 January 2021
Gleiss Lutz advising German retailer on self-administration
UPDATED: A German clothes retailer with international stores has filed preliminary insolvency proceedings, marking the first test of Germany’s newly strengthened self-administration rules.
15 January 2021
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