Topic: Bailout
E.ON, British Gas and Scottish Power ask English court to unwind Bulb transfer
Three of the UK’s largest energy suppliers have asked the English High Court to review Bulb Energy's sale to rival Octopus, arguing the bidding process in the country’s first-ever special energy supply company administration was “fundamentally unfair”.
01 March 2023
Administrators’ costs face scrutiny in UK’s first special energy administration
An English judge has adjourned two costs applications by administrators appointed in the UK’s first-ever energy supply company administration so an independent insolvency practitioner can scrutinise their work.
24 February 2023
Angelo Gordon acquires insolvent Spanish hotel chain in pre-pack deal
A Spanish hotel chain founded by a three-time Olympic equestrian has been acquired by US-headquartered investor Angelo Gordon and Canadian hotel manager Westmont Hospitality Group after entering a pre-pack reorganisation in Madrid.
04 August 2022
Latham, A&O, HSF and Willkie Farr advise on Mediapro refinancing
Advisers from the UK, Spain and Hong Kong have helped Barcelona-headquartered media company Mediapro agree a refinancing deal with a shareholder to strike €500 million from its €900 million debt pile.
21 June 2022
AirAsia X creditors vote for initially contested scheme
Creditors of the Malaysian budget airline AirAsia X have voted in favour of what was a contested scheme of arrangement that imposes a more than 99% haircut on unsecured debts.
15 November 2021
Baker & Partners hires HSM restructuring head in the Cayman Islands
The recently appointed leader of HSM Chambers’ restructuring and insolvency practice has left the firm for Baker & Partners in the Cayman Islands.
17 September 2021
EU bailout fund to get greater powers over bank rescues
European finance ministers have agreed to a long-awaited reform of the EU’s bailout fund, giving it greater powers over future bailout programs and introducing single-limb collective action clauses to override holdout bondholders.
04 December 2020
Matheson and William Fry advising as Norwegian Air enters Irish examinership
Two major subsidiaries of Oslo-headquartered Norwegian Air have entered examinership proceedings in Ireland, one week after Norway’s government refused to grant it further financial assistance following a bailout earlier this year.
19 November 2020
KLM asks Dutch government to green-light restructuring plan
With help from Allen & Overy, the Dutch arm of airline group Air France-KLM has submitted a restructuring plan to the Netherlands Ministry of Finance in the hope of securing a rescue package worth €3.4 billion.
05 October 2020