Regional news: United Kingdom

Bremen court appoints German Property Group creditors committee

The Bremen court hearing a disgraced German real estate investment scheme's billion-euro insolvency proceedings has appointed a provisional creditors’ committee to represent the interests of some of the international pensioners it targeted.

12 November 2020

Dubai court recognises NMC Healthcare administration

A court in Dubai’s financial free zone has recognised NMC Healthcare’s Abu Dhabi administration and ordered a stay on proceedings filed against the company – while the administrators have initiated a negligence action against EY in England.

11 November 2020

Swissport secures second convening hearing as unsecured group continues to circle

Chinese-owned aviation services group Swissport has secured a convening hearing for certain creditors to vote on its second English scheme in five months, while a dissatisfied group of senior unsecured noteholders has floated several objections.

10 November 2020

Quantuma continues hiring spree with London addition

Quantuma has added a former director of fellow UK advisory firm MHA MacIntyre Hudson to its London office, marking its fourth restructuring hire in the space of a month.

10 November 2020

Brown Rudnick, DLA Piper and Goodwin act on shoemaker’s PE deal

UPDATED: A host of law firms are advising 200-year-old British shoe retailer Clarks on an multimillion-pound Asian private equity investment, dependent on the passage of a “nil rent” company voluntary arrangement.

06 November 2020

English court sanctions KCA Deutag’s scheme

International oil and gas services company KCA Deutag has secured court sanction of its English scheme, which its lawyers say is likely to be given effect in Russia, Oman, Norway, Germany and the US.

05 November 2020

Community roundup: FRP and Quantuma make hires across the UK

UK advisory firms have announced new hires in Scotland, London and Southampton as demand for restructuring advice surges amidst the covid-19 pandemic.

04 November 2020

Stephenson Harwood adds partner in London

Bryan Cave Leighton Paisner partner Ian Benjamin has moved to Stephenson Harwood in London.

03 November 2020

Third time’s a charm for Lazard returnee

Financial advisory and asset management firm Lazard has re-hired Sam Whittaker from PJT Partners.

02 November 2020

Privy Council winds-up BVI company on deadlock grounds

The UK Privy Council has wound-up a BVI holding company due to a “functional deadlock” in its management, finding the order could be made regardless of whether the company constituted a quasi-partnership.

02 November 2020

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