Law firm Herbert Smith has rejigged its corporate recovery and restructuring
teams to deal with the shockwaves following the credit crisis.
The firm has set up a team from its insolvency and dispute divisions to
manage investors that have lost money, and companies that have collapsed due to
funding problems, reports the
‘We have identified ways to help clients minimise the risks arising from the
recent crisis, but the full extent of the problem has yet to emerge,’ said Sonya
Leydecker, the firm’s global head of dispute resolution.
Steve Absolom and Will Wright from KPMG Restructuring have been appointed joint administrators to City Motor Holdings and associated companies
Partners from Johnston Carmichael have been appointed as joint administrators to Axon Well Interventions Products UK
Begbies Traynor have been appointed administrators of William Anelay Ltd, York, one of Britain’s longest-established construction and heritage restoration companies
Smith & Williamson has been appointed administrators of charity 4Children