Case updates

New filingsInsightsCourt casesUpcoming EventsMonday emailsFirm NewsOpen PositionsAssets For SaleCase updatesWhat We're Reading
Case updatesCase updates
Claire’s UK administration generates £4 million trading surplus as fees rise

Claire’s UK administration generates £4 million trading surplus as fees rise

Interpath administrators expect ordinary preferential creditors to be paid in full, but unsecured creditors remain out of the money

Dina Kovacevic
Dina Kovacevic
Case updatesCase updates
Glencore wins right to pursue $236 million proprietary claim against Prax Refinery

Glencore wins right to pursue $236 million proprietary claim against Prax Refinery

High Court questions earlier authority that liquidation cuts off a fraud victim’s right to rescind, allowing Glencore to pursue a claim that could elevate it above the insolvency waterfall

Dina Kovacevic
Dina Kovacevic
Case updatesCase updates
Revel Collective Administrators Report on £16.5m Bars and Pubs Break-Up

Revel Collective Administrators Report on £16.5m Bars and Pubs Break-Up

Six months after a £16.5m acquisition unravelled, the joint administrators report on a same-day pre-pack sale to two buyers and a shortfall for unsecured creditors

Insolvency Insider
Insolvency Insider
Case updatesCase updates
LK Bennett Administrators File First Progress Report as Gordon Brothers Unveils Licensing Push

LK Bennett Administrators File First Progress Report as Gordon Brothers Unveils Licensing Push

A&M holds £11.4 million six months into the administration, but millions in unpaid fees and expenses remain as Gordon Brothers moves LK Bennett toward a licensing-led relaunch

Insolvency Insider
Insolvency Insider
Case updatesCase updates
Brothers' £4 Million Property Feud Leads to Failed Winding-Up Bid

Brothers' £4 Million Property Feud Leads to Failed Winding-Up Bid

The High Court refused to wind up the Isle of Man company after finding the petitioner's controller was solely responsible for its deadlock

Insolvency Insider
Insolvency Insider
Case updatesCase updates
Petropavlovsk Liquidators Cleared to Approve US$40 Million Assignment Despite Russian Sanctions

Petropavlovsk Liquidators Cleared to Approve US$40 Million Assignment Despite Russian Sanctions

The High Court finds liquidators can consent to an assignment estimated by the parties at up to US$40 million without breaching UK sanctions

Insolvency Insider
Insolvency Insider
Case updatesCase updates
Directors ordered to pay over £77 million for "straightforward misappropriation"

Directors ordered to pay over £77 million for "straightforward misappropriation"

Gold & General liquidators win summary judgment after court finds directors stripped insolvent company of 84% stake in Metallon for no consideration

Dina Kovacevic
Dina Kovacevic
Case updatesCase updates
SPV administrations expose deeper problems at Fenchurch Legal

SPV administrations expose deeper problems at Fenchurch Legal

Administrators’ proposals across four additional funding vehicles show millions raised from investors and channelled into Fenchurch Legal, while competing claims to loan book recoveries leave ultimate returns uncertain

Dina Kovacevic
Dina Kovacevic
Case updatesCase updates
EV Metals Group administrators pursue connected-party sale after £26.7 million collapse

EV Metals Group administrators pursue connected-party sale after £26.7 million collapse

Battery materials developer entered administration after years of heavy development spending, weakening commodity markets and tightening access to capital left it unable to fund its international project pipeline

Dina Kovacevic
Dina Kovacevic
Case updatesCase updates
Blenheim House director loan dispute escalates

Blenheim House director loan dispute escalates

Administrators reject offers from former directors, instruct lawyers and continue pursuing repayment of outstanding director loans as separate £1.25M debt settlement secured

Dina Kovacevic
Dina Kovacevic
Case updatesCase updates
Exertis administrators expect unsecured creditor payout as £41.5m Aurelius claim faces review

Exertis administrators expect unsecured creditor payout as £41.5m Aurelius claim faces review

Administrators have recovered £17 million to date while reviewing Aurelius Finance’s asserted £41.5 million secured claim

Dina Kovacevic
Dina Kovacevic
Case updatesCase updates
Allied paid £4.5 million for Jhoots Pharmacy business as creditors and employees face shortfalls

Allied paid £4.5 million for Jhoots Pharmacy business as creditors and employees face shortfalls

New administrators’ report provides fresh detail on transaction first reported last November and confirms that key stakeholders are expected to face shortfalls

Dina Kovacevic
Dina Kovacevic