US litigation boutique Quinn Emanuel Urquhart & Sullivan has won a UK court victory that could potentially reshape the traditional creditor hierarchy in insolvency proceedings. The case concerned a challenge on behalf of junior creditors HHY Luxembourg and AMP Capital Investors against a proposal made during the restructuring of European Directories - a data and online search business - that would have wiped out the creditors' investment in the company.
October 06, 2010 at 04:28 AM
1 minute read
The original version of this story was published on Legalweek
US litigation boutique Quinn Emanuel Urquhart & Sullivan has won a UK court victory that could potentially reshape the traditional creditor hierarchy in insolvency proceedings.
The case concerned a challenge on behalf of junior creditors HHY Luxembourg and AMP Capital Investors against a proposal made during the restructuring of European Directories – a data and online search business – that would have wiped out the creditors’ investment in the company.
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