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Madoff investors’ counsel settles conflict suit

Madoff investors’ counsel settles conflict suit

06 February 2020

New York litigator Helen Davis Chaitman has settled a lawsuit alleging that she had a conflict of interest as counsel to investors in the Madoff Ponzi scheme, as Madoff himself seeks early release from prison after claiming he is dying from kidney disease.

SDT says Beckwith incident “a single episode of brief duration”

SDT says Beckwith incident “a single episode of brief duration”

05 February 2020

The Solicitors Disciplinary Tribunal (SDT) has published its reasons for not striking off former Freshfields restructuring partner Ryan Beckwith over sexual activity with an intoxicated junior colleague.

McCarthy Denning adds Jones Day partner in London

McCarthy Denning adds Jones Day partner in London

05 February 2020

London-based McCarthy Denning has added a pan-European special situations and credit trading partner to its London office.

Hyflux deadlines extended for debt buyout and creditor claims

Hyflux deadlines extended for debt buyout and creditor claims

05 February 2020

Singaporean investor Aqua Munda has extended the deadline for Hyflux’s noteholders and unsecured creditors to tender their debt buyout offers.

RBS dodges retrial over Gibraltarian law firm collapse

RBS dodges retrial over Gibraltarian law firm collapse

04 February 2020

The UK Privy Council has refused to order the retrial of a failed dishonest assistance claim against Royal Bank of Scotland, which stemmed from the collapse of Gibraltarian law firm Marrache & Co.

Skadden swipes partner from Milbank in London

Skadden swipes partner from Milbank in London

04 February 2020

Skadden Arps Slate Meagher & Flom has added a longstanding Milbank Tweed Hadley & McCloy partner to its corporate restructuring practice in London.

Dechert hires London partner

Dechert hires London partner

04 February 2020

Dechert has hired Solomon Noh from Shearman & Sterling to bolster its restructuring practice in London.

Abengoa subsidiary's creditors agree restructuring plan

Abengoa subsidiary's creditors agree restructuring plan

03 February 2020

Creditors of Simosa IT, a subsidiary of Spanish renewable energy group Abengoa, have narrowly agreed a restructuring plan for the company, just over a year after it became the first Abengoa entity to enter creditor-forced insolvency proceedings.

Drinker Biddle completes merger and bolsters New York restructuring practice

Drinker Biddle completes merger and bolsters New York restructuring practice

03 February 2020

Drinker Biddle & Reath has completed its merger with international firm Faegre Baker Daniels, and announced the hire of Laura Appleby as a partner from Chapman and Cutler in New York.

Forever 21 agrees sale

Forever 21 agrees sale

03 February 2020

Fast-fashion chain Forever 21 has agreed to sell its assets to a consortium, less than four months after filing for Chapter 11.

Deloitte hit with record fine over Comet administration

Deloitte hit with record fine over Comet administration

31 January 2020

England and Wales’ accountancy regulator has fined Deloitte and two of its former partners over their administration of electronics retailer Comet, finding that they failed to ensure their objectivity.

English court refers Irish bankrupt’s pensions dispute to CJEU

English court refers Irish bankrupt’s pensions dispute to CJEU

31 January 2020

An English judge has asked the EU Court of Justice to decide whether a pension registered in Ireland should be exempted from a UK bankruptcy estate in the same way a UK pension would be.