Regional news: France

French care group presents turnaround plan as prosecutors raid homes

Disgraced international care home group Orpea has revealed a turnaround plan that it hopes to pursue in French conciliation proceedings, which could see it withdraw unprofitable locations globally and equitise around US$3.8 billion in unsecured debt.

21 November 2022

White & Case advising as French care homes group opens creditor talks

Scandal-hit French care home operator Orpea has opened negotiations with creditors to restructure its multi-billion dollar debt pile after allegations of accounting fraud and mistreatment of residents surfaced earlier this year.

31 October 2022

Garuda wins Ch15 recognition but Irish lessors prepare for fight

Indonesia’s national airline has secured US recognition of its US$9.5 billion restructuring plan, but two Irish lessors said they will resist attempts by the company to seek enforcement orders.

27 October 2022

A&M continues European expansion with rehire in Paris

Roland Berger partner Benoît Hochet has returned to Alvarez & Marsal as a managing director in Paris after six years away from the firm, during which time he helped guide Swiss vending machine company Selecta through its international restructuring.

17 October 2022

Another Brown Rudnick partner joins Squire Patton Boggs

Squire Patton Boggs has recruited another partner from Brown Rudnick in Paris, weeks after it added a five-strong team from the firm in London.

26 September 2022

EY restructuring head joins AlixPartners in Paris

AlixPartners has recruited seasoned turnaround partner Olivier Sibenaler from EY in Paris, where he led the Big Four firm’s operational transformation and restructuring group for Western Europe.

22 September 2022

Mayer Brown announces tie-up with French boutique, adds partner in Brazil

Expanding its restructuring offering across Europe and Latin America, Mayer Brown has announced a collaboration with French boutique Santoni & Associés in Paris and hired a restructuring partner to its associated firm in São Paulo.

08 July 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

FTI Consulting appoints new Paris head

FTI Consulting has hired a new head for its corporate finance and restructuring segment in Paris, who has left behind his own interim CEO and executive management firm after 14 years.

13 May 2022

McDermott Will & Emery, Goodwin advise as French aerospace manufacturer restructures

French aerospace manufacturer Figeac Aéro Group has reached an agreement with creditors for a restructuring that will extend its bond and loan maturities and also see French asset management group Tikehau Capital become a shareholder.

19 April 2022

Unlock unlimited access to all Global Restructuring Review content