Linklaters and Olswang are set to face questions from MPs over the sale of British retailer BHS last year, little more than 12 months before it collapsed into administration.

Today, the House of Commons Business Innovation and Skills Select Committee launched an inquiry looking into the sale of BHS to Retail Acquisitions by retail tycoon Philip Green's Arcadia for £1 last year. BHS fell into administration this week, putting 11,000 jobs at risk.

Linklaters advised Arcadia on the sale with a team led by London corporate partners Owen Clay and Nick Garland. Retail Acquisitions turned to Olswang for legal advice.