Regional news: Europe

Ogier expands into Ireland

Offshore firm Ogier has merged with Dublin-based Leman Solicitors to develop its offering in Ireland, as one of its new partners tells GRR the market is primed for an increase in non-contentious restructurings.

31 May 2022

Creditors and court approve Danish pharma restructuring

Copenhagen-based biopharmaceutical company Orphazyme has secured creditor and court approval of its restructuring proposal in Denmark, paving the way for it to sell its assets to US pharma group KemPharm.

31 May 2022

Bankrupt former KPMG restructuring leader sues HSF in London

KPMG’s former restructuring leader for South East Asia has filed a claim against Herbert Smith Freehills in London, alleging he lost his job after the firm told the Big Four group about personal debts he revealed when he approached it for advice.

30 May 2022

Interview: Volker Beissenhirtz, treasurer of new German insolvency association

German restructuring professionals and court personnel have formed a new association aimed at improving the country’s restructuring and insolvency laws and court processes. Its new treasurer Volker Beissenhirtz tells GRR how the group plans to achieve its goals.

26 May 2022

Century old car repair business declared bankrupt after WHOA failure

A Dutch auto repair company has fallen into bankruptcy after its WHOA process failed and its restructuring expert withdrew.

26 May 2022

French-Bermudian JV's creditors agree to Chinese restructuring

Creditors of a joint venture between Bermuda-registered car manufacture Brilliance Auto and France’s Renault have approved the formation of a committee to oversee a restructuring in China.

25 May 2022

Danish pharma company seeks $13 million asset sale amid US class action

A Copenhagen-based biopharmaceutical company is set to sell its assets to US pharma group KemPharm as part of a restructuring announced last week, after failing to secure European approval to market a new drug.

25 May 2022

PLMJ hires from Linklaters in Portugal

PLMJ has hired a senior counsel with restructuring and insolvency experience for its dispute resolution practice in Lisbon, from the local arm of Linklaters.

25 May 2022

Galapagos faces UK winding up following EU Insolvency Regulation judgment

Senior creditors of the Galapagos group have applied to wind it up in the UK despite ongoing insolvency proceedings in Germany, citing a European Court of Justice decision from March that interpreted the European Insolvency Regulation against the backdrop of two potential COMI shifts and Brexit.

24 May 2022

Amigo’s preferred scheme sanctioned in novel alternative scheme restructuring

Guarantor loan provider Amigo has secured sanction of its preferred of two alternative schemes of arrangement in England, almost a year to the day after a first scheme was rejected amid objections from the UK’s Financial Conduct Authority.

23 May 2022

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