Regional news: Europe

UK crypto miner completes pre-pack sale with help from Keystone Law and Taylor Wessing

A UK-headquartered sustainable crypto miner with subsidiaries in the US, Canada and New Zealand has been sold in a pre-pack administration, with Keystone Law advising administrators from Interpath, and Taylor Wessing acting for the buyer.

31 January 2023

VEON secures sanction of English scheme

Netherlands-incorporated telecoms company VEON has secured sanction of an English scheme to extend two sets of notes while it tries to sell a wholly owned Russian subsidiary.

30 January 2023

DLA Piper and Foot Anstey advising as Flybe enters administration again

Once Europe's largest regional airline, British airline Flybe has ceased trading and collapsed into administration for the second time in three years.

30 January 2023

Dolfin case tests disclosure under UK special administration rules

In a first-of-its-kind ruling, an English judge has refused a disclosure request by a client of investment manager Dolfin Financial in relation to the remuneration charged by its joint special administrators.

27 January 2023

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

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