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 […]
Listed firm Knights has become the latest firm to make lawyers redundant across the country, The Lawyer can reveal. It is understood that both partner and associate roles have been cut across the firm’s restructuring and insolvency, corporate, and real estate teams. The redundancies have taken place across the firm’s offices in the UK, with […]
Slaughter and May and Simmons & Simmons are respectively on to represent Authentic Brands Group and Ted Baker’s holding company No Ordinary Designer Label as the fashion retailer files its intention to appoint administrators. Hundreds of high street jobs were put at risk after Tuesday’s announcement that Ted Baker would be in want of a […]
One of The Lawyer’s Top 20 Cases of 2024 hit the courts today after it was subject to a three-week delay. The suit is between London Capital & Finance (LCF) and eight defendants alleged to have been involved in a “Ponzi scheme.” LCF collapsed in 2019 following an intervention by the Financial Conduct Authority (FCA) after it […]
Dechert’s involvement in the rescue deal of parcel delivery company Yodel this week can be attributed to the strategic hire of partner Adam Plainer in 2021. Plainer, who joined the firm from Weil Gotshal & Manges, maintained connections with Yodel’s board, leading to the successful introduction of the deal to Dechert. This week’s rescue deal […]
US firm Jones Day has been appointed as the lead law firm acting on the administration of The Body Shop. It is understood that the collapse of the London-headquartered retailer expects to put over 2,200 jobs at risk, just three months after the brand was sold to German asset manager Aurelius Group by its previous […]
Gibson Dunn & Crutcher has boosted its restructuring ranks in London, hiring an alumna back to the team. The US firm has added Freshfields Bruckhaus Deringer partner Lisa Stevens to its business restructuring and reorganisation practice group. It emerged this morning that Stevens had exited the magic circle firm after only 18 months. Her move […]
A restructuring partner who joined Freshfields Bruckhaus Deringer’s City team in 2022 has left the firm. Lisa Stevens moved to the magic circle firm in August 2022 from Kirkland & Ellis. Her hire signalled further Freshfields’s intent to laterally recruit in the City after a period of little to no external investment. Other hires made […]