Greenberg Traurig is leading for Harland & Wolff, the company famous for building the Titanic, as it looks set to appoint administrators. Harland & Wolff posted a notice of intention to appoint an administrator yesterday. Greenberg’s team is led by corporate partner Shashank Krishna, co-vice chair of the restructuring group John Houghton and corporate partner […]
White & Case has continued its 2024 European expansion drive with the addition of Weil Gotshal & Manges’ restructuring co-head in Paris. Anne-Sophie Noury will join White & Case, strengthening the firm’s capabilities in restructuring, debt funds and public takeovers. Noury joined Weil from well-regarded French restructuring boutique BDGS, spending more than five years with […]
Paul Weiss Rifkind Wharton & Garrsion has hired another in-houser into its partnership. Investment director at Blantyre Capital, Kai Zeng, is set to join Paul Weiss as a partner after over two years in-house. Blantyre Capital specialises in equity and debt special situations. Zeng was a restructuring partner at Kirkland & Ellis for sixth months […]
Milbank has restocked its restructuring group after several departures this year, hiring a partner from White & Case. Ian Wallace joins Milbank after nearly 10 years as a partner at White & Case. He joined the firm in 2015 from Freshfields Bruckhaus Deringer where he trained. Wallace focuses on international restructuring situations including advising businesses […]
Kirkland & Ellis is poised to hire a financial restructuring duo from German firm Gleiss Lutz, following its launch in Frankfurt this month. Partner Christian Halàsz and counsel Friedrich Schlott, from Frankfurt and Düsseldorf respectively, are understood to be set to join Kirkland. Earlier in the month, the firm hit Latham & Watkins for key […]
Two former directors of retailer BHS have been found liable for over £110m in a judgment handed down yesterday (19 August) by Mr Justice Leech at the High Court. This comes as part of one of the largest insolvency litigation set pieces that went to trial through the end of last year and the beginning […]
Paul Weiss Rifkind Wharton & Garrison has recruited its first restructuring partner in London, hiring from Akin’s City office. Liz Osborne joins Paul Weiss’ burgeoning ranks as a partner and head of the European restructuring group. She has been at Akin since 2014 when she moved over as part of the Bingham McCutchen team. Prior […]
Dutch firm De Brauw Blackstone Westbroek is hoping that the latest claim it faces from the trustees of a bankrupt engineering client will be its last, as a dispute between the pair continues to run after almost a decade. De Brauw’s annual report showed that a Rotterdam court had permitted an appeal to a decision […]
The general counsel of British clothing retailer Ted Baker has shared a heartfelt post on social media supporting her team, who are looking for new roles after the business fell into administration in early March. General counsel Alison Beveridge said: “As we near the end of the administration of Ted Baker, the upcoming sale to […]
Freshfields has been appointed as the lead law firm acting on the administration of online car company Cazoo. Advising joint administrators Matthew Mawhinney and David Soden from Teneo Financial Advisory, the magic circle finds itself sorting out the collapse of one of its longstanding retail clients. It was announced this week that the retailer had […]
In this week’s Spotlight, we delve into the often-confusing world of restructuring disputes, to find out how DLA Piper comes to the rescue when a company goes under. The market: While restructuring disputes used to be the remit of clearing banks and the Big Four accounting firms, the market has undergone a huge diversification in […]
Another partner from Milbank’s financial restructuring team is set to leave the firm, this time joining Allen & Overy ahead of its merger with Shearman & Sterling. Karen McMaster is the latest partner loss from Milbank following last month’s news of a structured finance team led by partner John Goldfinch moving to Allen & Overy, soon […]