Regional news: United Kingdom

McDermott adds new restructuring head in London

Proskauer Rose’s former European head of restructuring Mark Fennessy has moved to McDermott Will & Emery in London, telling GRR his new firm's strong finance, corporate and litigation offering will be important in the post-Brexit world.

22 January 2021

UK’s financial regulator rapped following LCF collapse

Signature Litigation partners Paul Brehony and Abdulali Jiwaji and head of knowledge and legal services Johnny Shearman examine the impact of the recent public reprimanding of the UK’s Financial Conduct Authority for oversight failures in the collapse of mini-bond issuer London Capital & Finance.

22 January 2021

Alvarez & Marsal continues European growth with London Deloitte hire

Former Deloitte partner Christian Ebner has joined Alvarez & Marsal as a managing director in London, where he will focus on German and Italian markets.

21 January 2021

Freshfields advising as Malaysia Airlines wins landmark UK scheme decision

Lawyers for the Malaysia Airlines group have welcomed a landmark English court ruling that they say confirms UK restructuring tools offer airlines a quicker and cheaper alternative to Chapter 11.

20 January 2021

English court will hear Galapagos claim amid international challenges

An English court will hear a claim for declaratory relief concerning the validity of the Galapagos group’s controversial 2019 restructuring after finding that an “anchor defendant” in the form of a non-participating high yield note trustee gave it jurisdiction over a Luxembourg fund and a German insolvency administrator.

20 January 2021

Community round-up: Pachulski Stang, Piper Sandler and RSM beef up, as Duff & Phelps opens in Gibraltar

The new year flurry of personnel changes is showing no sign of abating with Pachulski Stang Ziehl & Jones and Piper Sandler acquiring restructuring teams in the US, Duff & Phelps opening a new office in Gibraltar, and RSM adding an investigations partner in London.

19 January 2021

Saad liquidators lose share transfer claim against Saudi bank

The liquidators of Cayman fund Saad Investments Company have been stopped from clawing back US$318 million worth of shares that its founder transferred to a Saudi bank after the fund’s collapse over a decade ago.

18 January 2021

Community roundup: hires at Simmons, Dentons and Hunton Andrews Kurth, as Begbies Traynor acquisition launches it offshore

Simmons & Simmons, Dentons and Hunton Andrews Kurth have hired in London, Portland in Maine and Bangkok respectively; while Begbies Traynor has acquired insolvency advisory group CVR Global, adding its first overseas offices.

18 January 2021

Lehman administrators seek directions on “continuing” events of default under ISDA

The administrators of Lehman Brothers’ European arm have sought directions on when events of default cease to continue under the International Swaps and Derivatives Association’s Master Agreement, in circumstances where two aerospace manufacturers have been using them to avoid paying out on interest rate swaps for over a decade.

15 January 2021

AlixPartners strengthens globally

AlixPartners has announced seven promotions across its restructuring group in the US and Europe, and hired McKinsey & Co partner Karsten Lafrenz in Germany.

14 January 2021

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