Work Area: State Aid

The sale of a British energy supplier in the first-ever UK energy supply company administration was within the bounds of the law, despite complaints of an “unfair” marketing process from three of the country's largest energy companies, an English court has found.

31 March 2023

A Dutch shipbuilder has completed a landmark WHOA restructuring that is believed to be one of the country’s largest so far, as well as being the first to use a cram-down within a syndicate of lenders.

30 March 2023

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

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

Rival bidders seeking to buy Spanish renewables conglomerate Abengoa’s operating assets are testing new powers to scrutinise pre-pack sales under Spain’s recently enacted transposition of the EU preventive frameworks directive.

13 January 2023

A group of former executives from a subsidiary of insurance conglomerate American International Group have accused their former employer of “weaponising” the US bankruptcy process to block a pending lawsuit over unpaid bonuses.

16 December 2022

Three of the UK’s largest energy companies have failed to convince an English court it has a larger role to play scrutinising the takeover of collapsed competitor Bulb Energy, in a deal they say provides a government-funded “dowry” to British renewable group Octopus Energy.

01 December 2022

Ireland’s Ryanair has lost its challenge to the German government’s bailout of Frankfurt-headquartered airline Condor after the collapse of its parent Thomas Cook.

20 May 2022

Alvarez & Marsal partners have been appointed administrators to two UK energy groups in 24 hours and the firm is understood to be in talks with other suppliers too, as the UK faces a string of bankruptcies in the retail energy sector.

24 September 2021

Spanish and international firms are gearing up for what could be Spain’s biggest insolvency to date, after industrial conglomerate Abengoa’s top holding company filed a voluntary petition on Monday.

24 February 2021