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An Irish court has refused to recognise an English company voluntary arrangement for UK fashion retailer Monsoon Accessorize, finding Irish landlords should have been represented in the approval process.
21 October 2020
Flexible workplace provider Sunbird has devised a new scheme of arrangement after an English court rejected its original one as “misleading” last month – but its already facing opposition to its plans to place creditors in a single class.
19 October 2020
An English court has ruled that a failure to notify a floating charge holder of an administration does not invalidate the proceedings, after considering conflicting case law on the issue.
16 October 2020
UK retailer New Look has been prevented from entering examinership in Ireland, after a court found it had wrongly claimed to be facing imminent insolvency and ordered it to negotiate with disgruntled landlords.
15 October 2020
A global group of satellite technology companies has secured preliminary US recognition of its Canadian restructuring in Minnesota despite creditor objections – while Swiss vending machine company Selecta has secured the same relief for its English scheme of arrangement in Texas.
12 October 2020
The UK government has revealed plans to introduce independent scrutiny of pre-pack administration sales to connected parties, after promising a review this summer: a move that lawyers and practitioners tell GRR will improve transparency, but requires balance.
08 October 2020
An English court has sanctioned a scheme of arrangement for Spanish gaming company Codere, after a Cayman creditor withdrew its opposition and voted to approve it.
06 October 2020
German airline and former Thomas Cook subsidiary Condor is seeking Chapter 15 recognition of its protective shield proceedings in Frankfurt to stop a trio of litigations in the US that it says contravene German law.
05 October 2020
Jackson Walker is helping British restaurant chain PizzaExpress seek recognition of its UK restructuring plan in Texas, while Munsch Hardt Kopf & Harr and Weil Gotshal & Manges are advising two Canadian energy companies on separate recognition cases in the same court.
05 October 2020
Switzerland-headquartered vending machine operator Selecta will hold a creditor vote on its English scheme of arrangement and seek recognition of it in the US, after winning permission to do so from a London court today.
02 October 2020
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