Thomas has a history of helping cash strapped companies, having acted as general counsel to the Municipal Assistance Corporation that bailed out New York City out of its financial crises in the 1970s.
He was also chairman of the Dialog Corporation, and oversaw its restructuring in March 2000.
Talbot Hughes is to lead Marconi’s negotiations over its £2.9bn debt with its banks and bondholders. The company has been advising Energis bondholders during a similar refinancing process.
In announcing the move Marconi chairman Derek Bonham admitted that Marconi much-need experience in these areas: ‘Both these appointments strengthen the company’s knowledge and experience in the financial talks we are now actively involved in,’ he said.
Marconi began talks with its creditors last week.
The Financial Reporting Council has issued guidance regarding the annual reporting of 1,200 large and smaller listed companies. The letter highlighted the key issues and improvements that can be made in the 2016 reporting season
Baldwins Accountancy Group has continued investment in the north-east and appointed David Fish as a director in its corporate finance team
UK M&A activity bounced back strongly in July and August, according to analysis by the deals practice at PwC.
Smith & Williamson has added Jim Clark and Philip Marsden, of Marsden Clark Corporate Finance Limited, to its corporate finance team.