Freshfields wins XL Leisure administration role
Freshfields Bruckhaus Deringer and Jones Day have taken the lead roles on the administration of the UK's third largest tour operator - XL Leisure Group. The company applied to go into administration late last night (11 September) after a hearing at the Jones Day offices, overseen by High Court judge Mr Justice Henderson. Freshfields is acting for the administrator Kroll, with restructuring partner Richard Tett acting alongside partners Neil Golding and of counsel Anne Sharp.The magic circle law firm is also acting for Iceland's Straumur - XL's main lender which has acquired XL's German and French subsidiaries as a result of the administration.
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