Regional news: United Kingdom

Regis CVA trial continues as fairness amendment rejected

Landlords challenging the defunct Regis CVA will not get a chance to argue that it’s unfair for uncompromised creditors to bind compromised creditors, after the High Court in London found a late request to amend their particulars of claim was an attempt at a second bite of the cherry.

05 March 2021

KPMG sale re-launches UK restructuring group as Interpath Advisory

KPMG has sold its UK restructuring arm to a new company set up by alternative investment firm HIG Europe, tapping advice from Herbert Smith Freehills.

04 March 2021

Valaris rescue plan confirmed

UK-incorporated offshore drilling contractor Valaris has had its Chapter 11 restructuring plan confirmed, after a Texas court overruled a shareholder’s objection and the company resolved other challenges.

04 March 2021

Regis CVA challenge kicks off in UK

Lawyers acting for landlords of UK hairdressing chain Regis have told the High Court that the CVA it launched in 2018 was “a million miles away from what was envisaged” when the tool was conceived 40 years ago.

03 March 2021

The taper begins, seat belts fastened and no tantrums please!

Freshfields Bruckhaus Deringer’s London head of restructuring Richard Tett, partner Lindsay Hingston and associates Kevin Connolly and Nicholas Cooper give their take on the just-announced UK government’s budget. Though the UK economy is widely expected to be one of the worst-hit from covid, they argue that the tapering of government support measures should help soften the blow – and hopefully avoid a 2013-style “taper tantrum”.

03 March 2021

New firm Kepler-Karst adds London university professor as counsel

Recently established Spanish insolvency boutique Kepler-Karst has hired sovereign debt expert Professor Rodrigo Olivares-Caminal, chair of banking and finance law at Queen Mary University of London, as counsel.

03 March 2021

Christopher Lee & Ong hires new co-head in Malaysia

A former general counsel of EY Hong Kong has joined Rajah & Tann’s Malaysian affiliate Christopher Lee & Ong as co-head of its restructuring group.

01 March 2021

Latham hires from Linklaters in London

Latham & Watkins has hired a former Linklaters partner in London who worked on the New Look, Agrokor, Metinvest and Codere restructurings.

26 February 2021

DLA Piper hires new finance, projects and restructuring head

The former leader of Freshfields Bruckhaus Deringer’s finance group is set to join DLA Piper as the head of its international finance, projects and restructuring practice.

26 February 2021

Freezing injunction? That ship sailed with recognition, court says

English courts might have jurisdiction in the strict sense to extend an interim freezing injunction after a debtor’s bankruptcy has been recognised in the UK – but to exercise that jurisdiction would set the UNCITRAL Model Law loose from its "insolvency moorings", a judge has found.

25 February 2021

Get unlimited access to all Global Restructuring Review content