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Kirkland & Ellis advising as Mothercare collapses

Kirkland & Ellis advising as Mothercare collapses

06 November 2019

Kirkland & Ellis is representing the administrators of British children’s products retailer Mothercare, which has finally collapsed after falling victim to the “near existential problem” on the UK high street.

London barrister admitted for KPMG negligence trial, on condition Hong Kong counsel also appointed

London barrister admitted for KPMG negligence trial, on condition Hong Kong counsel also appointed

05 November 2019

A Hong Kong court has permitted a London-based barrister to appear in a claim against KPMG over its auditing of a now-insolvent forestry company – but it affirmed that overseas counsel must be instructed alongside local barristers, rather than solicitor advocates.

Calfee Halter & Griswold opens New York office with McKool hire

Calfee Halter & Griswold opens New York office with McKool hire

05 November 2019

Cleveland firm Calfee Halter & Griswold has opened in New York with the hire of McKool Smith partner Jeffrey Schwartz as the co-chair of its business restructuring and insolvency group.

KPMG hires director from Grant Thornton in London

KPMG hires director from Grant Thornton in London

05 November 2019

Big Four firm KPMG has hired Kristina Kicks as a director in its contentious insolvency team from Grant Thornton, where she spent almost 20 years.

Brown Rudnick hires two from Reed Smith

Brown Rudnick hires two from Reed Smith

04 November 2019

Reed Smith partner Charlotte Møller, co-head of its restructuring practice in London, and counsel Monika Lorenzo-Perez, have joined Brown Rudnick as partners.

Chinese shareholder buys Thomas Cook brand name

Chinese shareholder buys Thomas Cook brand name

04 November 2019

The special managers of British travel agency Thomas Cook have sold the company’s brand name to Chinese conglomerate Fosun Group, a major shareholder advised by Clifford Chance that tabled a doomed rescue bid for the company.

New York court approves Barneys sale

New York court approves Barneys sale

04 November 2019

US brand development company Authentic Brands Group has completed its US$271.4 million purchase of bankrupt luxury retail chain Barneys New York, after a US court approved the sale.

Regis UK enters administration after last-minute landlords deal

Regis UK enters administration after last-minute landlords deal

01 November 2019

UK hairdressing chain Regis has had its administration affirmed, after counsel thrashed out a late deal with a group of landlords who claimed it would let the company get away with alleged unlawful transfers.

Kalo appoints new managing director in Cayman

Kalo appoints new managing director in Cayman

01 November 2019

Offshore restructuring and insolvency boutique Kalo has hired a former AlixPartners managing director for its Cayman Islands office.

Sheppard Mullin strengthens in Dallas

Sheppard Mullin strengthens in Dallas

31 October 2019

Former McGuireWoods partner Joel Bannister has joined Sheppard Mullin Richter & Hampton in Dallas.

Cayman oil holding company seeks recognition in New York

Cayman oil holding company seeks recognition in New York

31 October 2019

The liquidator of an international oil and gas group’s Cayman holding company has filed Chapter 15 proceedings in New York, accusing its US-based directors of being “consistently uncooperative”.

Slaughters and Paul Hastings advise as UK’s largest payday lender collapses

Slaughters and Paul Hastings advise as UK’s largest payday lender collapses

31 October 2019

Slaughter and May is advising the administrators of the UK’s largest payday loan provider CashEuroNet UK, which has collapsed amid complaints of regulatory uncertainty from its US parent.