Regional news: Europe

Vitamin retailer GNC plots dual track pre-pack in US and Canada

Global nutrition supplement retailer GNC has entered Chapter 11 in Delaware and CCAA recognition proceedings in Ontario, where it will pursue a  “dual path process”.

01 July 2020

Alvarez & Marsal advising Wirecard UK while its US arm launches sale

The US subsidiary of scandal-hit payment processor Wirecard has put itself up for sale, while the group’s UK arm has hired Alvarez & Marsal as criminal investigations open up around the world.

30 June 2020

KPMG taps Linklaters as shopping centre owner falls Intu administration

Linklaters is advising administrators from KPMG appointed over shopping centre owner Intu, the London and Johannesburg-listed owner of 17 malls across the UK and at least one in Spain.

30 June 2020

British fashion retailer Matalan to hold scheme meeting and file Chapter 15

An English judge has allowed Guernsey-owned British fashion and homeware retailer Matalan to convene a scheme meeting for its creditors and apply for Chapter 15 recognition in the US.

29 June 2020

Aussie copper miner completes first guarantor’s scheme, bypasses Gibbs rule with declaration

King & Wood Mallesons has helped the parent of a copper miner complete the first guarantor’s scheme of arrangement in Australia, restructuring English law-governed debts and getting around the Gibbs rule with a declaration from an English court.

29 June 2020

African Minerals secures scheme hearing in England

African Minerals, a Bermuda-registered mining company in administration in the UK, has won court approval to hold a scheme meeting to help it resolve a creditor conflict about whether it should pursue claims against a Chinese steel group.

29 June 2020

Ogier hires new partner to European dispute resolution team in Jersey

Offshore firm Ogier has hired David Welford from Maples Group as a partner in its European dispute resolution team.

26 June 2020

The road to recovery: investment opportunities for private equity and private debt post-covid-19

London-based Fieldfisher partner Robin Spender and senior associate George Murphy examine the opportunities for distressed investors in the post-covid-19 world. Private equity has never been so cash rich, they say, and assets will rarely represent such value for money.

26 June 2020

Paris, Texas: De Pardieu Brocas Maffei and Jackson Walker advise as France’s Technicolor plots debt swap

Creditors of French visual effects and film production group Technicolor have given a nod to an early plan that takes aim at its US$1.5 billion in debt.

26 June 2020

Noerr, Kirkland and Allen & Overy advising as Wirecard files for insolvency

German payment processor and DAX-listed company Wirecard has filed for insolvency in Munich, days after German authorities arrested its former CEO over allegations he presided over one of Europe’s largest ever accounting frauds.

26 June 2020

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