Regional news: France

Nortel’s main French arm to end English administration

The largest French arm of Nortel Networks is set to terminate its “unique” 12-year English administration, eight months after a court in Versailles closed its secondary liquidation.

20 September 2021

France’s Cassini loses English information battle

French events organiser Cassini has been found in breach of its information requirements to lenders, after an English court rejected arguments that obligations under a loan agreement were unenforceable under French insolvency law.

06 September 2021

DLA Piper and GLAS push Gupta holding companies into administration

A team from DLA Piper acting for GLAS Trust Corporation has placed two Sanjeev Gupta-owned companies that hold aluminium assets in Europe into administration in the UK.

30 July 2021

Baccarat investors’ bankruptcy trustees seek recognition in the UK

The Hong Kong bankruptcy trustees of a Chinese mother and daughter who made a doomed investment in the luxury French crystal brand Baccarat, have sought recognition in the UK to claw back local assets including a property in London.

23 July 2021

Distressed investors win English jurisdictional battle against France’s Cassini

Three funds managed by distressed investors SVP Global and Attestor Capital have secured an English court ruling against insolvent French events organiser Cassini, over its failure to release key information under an English law-governed loan agreement.

19 July 2021

Hotel operator JJW’s winding up appeal blocked in Guernsey

A European hotel and leisure group’s holding company has been denied a second chance at appealing its compulsory winding up in Guernsey, despite arguing that the French judgment debt at the heart of its winding up had been overturned.

16 July 2021

A&O advises on controlled Dutch scheme liquidation

The former holding company of international outdoor clothing group AS Adventure has been liquidated after securing a cooling-off period under Dutch scheme proceedings, which allowed it to formulate a liquidation plan while the rest of the group was sold through a share pledge enforcement.

15 July 2021

Community round-up: partners move firms across Europe and the US

Advisory firm Alvarez & Marsal has hired a new leader for its Italian restructuring group, while law firms K&L Gates, MÖNIG and Eversheds Sutherland have added partners across Europe, and US firms CohnReznick and Fox Rothschild have bolstered their practices on the East Coast.

09 July 2021

Round-up: new hires for advisory firms across Europe

Alvarez & Marsal has hired a managing director from Deloitte in Germany, while RSM has lost two practitioners in Ireland and London, but added a partner in Leeds - and US global credit manager GoldenTree has welcomed a new European restructuring head in London.

15 June 2021

New leaders for Potter Anderson, Gibson Dunn and Erskine Chambers

Delaware-based law firm Potter Anderson & Coroon has promoted a new restructuring head in Wilmington, while Gibson Dunn & Crutcher has announced new practice chairs in Asia, Europe and the US, and the UK’s Erskine Chambers has appointed a company and insolvency specialist as its new head.

03 June 2021

Get unlimited access to all Global Restructuring Review content