Regional news: United Kingdom

Community round-up: global lateral moves in January

Allen & Overy and Akin Gump have hired in Europe, Gibson Dunn has recruited a Jones Day partner in New York and Teneo has secured two London-based managing directors from Interpath.

03 February 2023

Sidley hires partner from SVP Global in London

A former Sidley Austin lawyer who worked on the restructuring of French steelmaker Vallourec has returned to his old firm after a three-year hiatus at global investment firm Strategic Value Partners.

02 February 2023

Germany’s highest court finds Dusseldorf has jurisdiction over Galapagos proceedings

Contradicting an earlier English ruling, Germany’s Federal Court of Justice has found that heat exchange group Galapagos’ insolvency proceedings and disputes relating to them belong in Dusseldorf post-Brexit, and not in London where the group was wound up in June.

02 February 2023

Norton Rose partner set to join Charles Russell Speechlys in London

Charles Russell Speechlys has recruited a Norton Rose Fulbright partner who last year worked for agricultural commodities trader ED&F Man on its US$1.5 billion English restructuring plan.

01 February 2023

Adler ad hoc noteholder group proposes alternative restructuring

A noteholder group that blocked a consensual agreement that would have seen German real estate group Adler receive US$1 billion in fresh funding has published an alternative to the company’s English restructuring plan, which it claims would provide the group with more stability.

31 January 2023

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

Unlock unlimited access to all Global Restructuring Review content