Regional news: United Kingdom

Latham & Watkins announces January promotions

Latham & Watkins has announced promotions for two members of its restructuring and special situations group in London and Hamburg, as five other lawyers with relevant experience are also elevated across the firm.

30 October 2020

UK court sanctions Pizza Express restructuring plan

British casual dining chain Pizza Express has secured court sanction of its restructuring plan, despite a challenge to its company voluntary arrangement whose approval last month was a condition of its overall rescue.

29 October 2020

KPMG head of advisory moves to FTI Consulting in Dubai

FTI Consulting has hired KPMG’s head of advisory in Dubai to lead its Middle East restructuring practice.

29 October 2020

Deloitte appointed liquidators of Wirecard’s Irish arm, US business sold

Joint provisional liquidators have been appointed over the Irish arm of scandal-hit German payments processor Wirecard, while a US holding company backed by Centerbridge and Bain Capital has bought its North American business.

29 October 2020

Sunbird wins convening hearing despite class composition dispute

After its original scheme documentation was rejected as “misleading” in September, flexible workspace provider Sunbird has won a convening order for a single meeting of creditors to vote on a new scheme.

28 October 2020

Selecta scheme sanctioned in England

Swiss vending machine operator Selecta’s English scheme has been sanctioned, but a US committee has found that its Chapter 15 filing constituted a bankruptcy credit event.

27 October 2020

KPMG promotes in UK deal advisory practice

KPMG has promoted two restructuring advisers to its partnership in Scotland and Northern England.

26 October 2020

KPMG “exploring options” on potential sale of UK restructuring division

KPMG is considering selling off the UK side of its restructuring practice, ahead of a regulatory deadline for setting out its plans on the separation of its audit and advisory businesses.

23 October 2020

Ashurst and White & Case advise as African diamond miner cuts creditor deal

A Jersey-incorporated group that operates African diamond mines has agreed a debt-for-equity restructuring with creditors, which it plans to carry out through a scheme of arrangement in England.

22 October 2020

New restructuring plans in place as Premier Oil announces merger

Premier Oil has entered a reverse-takeover deal with North Sea exploration and production company Chrysaor to help it extinguish its US$2.7 debt pile, replacing a pair of UK restructuring plans announced in August with new ones.

22 October 2020

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