Topic: Scheme of arrangement

Seddons hires Brown Rudnick partner in London

London firm Seddons has recruited a partner from Brown Rudnick with credits on the cross-border restructurings of Arcapita, Lehman Brothers and Toys R Us.

05 August 2020

Virgin Atlantic seeks Chapter 15 recognition of English proceedings

Hours after its successful convening hearing in the UK, Virgin Atlantic filed for Chapter 15 recognition of its English restructuring plan in New York.

05 August 2020

Katten Muchin launches UK restructuring practice with CRS hire

Charles Russell Speechlys partner Prav Reddy has joined the London affiliate of US firm Katten Muchin Rosenman, in what is its first move into the restructuring sector outside the US.

04 August 2020

DLA Piper expands Hong Kong restructuring practice

DLA Piper has hired Matthew Worth as a partner in its Hong Kong restructuring practice, two days after it added a new partner in Melbourne.

31 July 2020

“Good forum shopping”: English court sanctions Flint Group schemes

An English court has sanctioned schemes for seven international subsidiaries of Luxembourg-headquartered Flint Group, finding a change of governing law in their debt agreements gave the companies sufficient connection to England.

30 July 2020

UK retailer Matalan seeks US recognition of English scheme

Guernsey-owned British fashion and homeware retailer Matalan has filed for Chapter 15 recognition of its English scheme, two days after it was approved by the High Court in London.

30 July 2020

English court grants Dutch Hema single class scheme meeting

An English court has let Dutch retailer Hema hold a creditors’ vote on the English scheme that is key to its planned multi-jurisdictional restructuring in the UK, the US and the Netherlands.

29 July 2020

Hyflux banks prepare judicial management application

An unsecured group of Hyflux’s bank lenders are preparing an application to place it under judicial management, while the embattled Singaporean company has also received new proposals from US and UAE investors.

28 July 2020

English court sanctions scheme for British retailer Matalan

An English judge has approved Guernsey-owned British fashion and homeware retailer Matalan’s scheme of arrangement, for which it will seek US recognition in the coming days.

27 July 2020

African Minerals scheme sanctioned in London

The High Court of Justice in London has sanctioned a scheme for mining company African Minerals, despite only four unsecured creditors voting at the scheme meeting last week.

27 July 2020

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