Allen & Overy secures instruction on one of the most high-profile business failures in the new economy
September 12, 2001 at 08:03 PM
1 minute read
The original version of this story was published on Legalweek
Allen & Overy (A&O) has been appointed to handle the wind-up of internet venture CityReach International, bagging the firm’s respected insolvency team an instruction on one of the most high-profile business failures in the new economy.
The firm was appointed by KPMG last week, less than a year after it had advised a number of banks, including JP Morgan and Merrill Lynch, on raising £84.1m in bank debt to finance the venture.
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