SJ Berwin (Nicolas Theys, partner, Audrey Molina and Elisabeth de Carvalho, collaborators) advised Cybergun listed on Euronext company specializing in the design, manufacture and distribution of exact replicas of guns and related accessories under restructuring of its bank debt, which amounted to € 49.8 million at end-December 2012.
 
As part of this restructuring, Cybergun has also sold the business assets held by its subsidiary Tech Group UK which operates under the brand SMK Sportsmarketing, and its U.S. subsidiary I2G specializing in video games.

International law firm Pinsent Masons has advised BDO, the administrators of Portsmouth Football Club, on the deal which will lay the foundation for The Pompey Supporters' Trust ("PST") to take over the League One club and buy Fratton Park stadium from Portpin, a company that was the former owner of the club, led by Balram Chainrai.

European law firm Field Fisher Waterhouse advised Lehman Brothers Finance AG (in Liquidation) ("LBF"), the Swiss equity derivatives entity in the Lehman group, on a settlement with Lehman Brothers International (Europe) (in Administration) ("LBIE").

The settlement is a very significant step in the bankruptcy of LBF as LBIE was LBF's primary custodian and trading partner in the Lehman Group. The liquidator of LBF is confident that the settlement will result in significant value being returned to the LBF estate.

DLA Piper has represented Education Holdings 1 Inc., the former owner of The Princeton Review test-preparation business, in its prepackaged Chapter 11 proceeding.

Simmons & Simmons Advises on Opal Property Group Limited Administration

Simmons & Simmons is advising Grant Thornton on the administration of Opal Property Group Limited, which went into administration last week.

Opal is the UK’s largest private owner of student accommodation with circa 20,000 rooms in 16 UK cities, in conjunction with 14 major higher education institutions. The group went into administration following lengthy debt restructuring discussions and a lender standstill.

Linklaters has advised on the latest major developments in the large scale and long running insolvency of Lehman Brothers.

In what Tony Lomas of PwC has described as a landmark moment, our client Lehman Brother International (Europe) (in administration) (LBIE) has signed a settlement agreement and proposed a distribution plan which will return some $9bn of assets to its customers and substantially increase the overall level of recovery in its general creditors.

Wragge & Co's Corporate Recovery and Restructuring team has helped secure the future of the iconic black cab. Acting for administrators PwC, Wragge & Co assisted in all aspects of the Administration. The team helped eventually secure the sale of the business and principal assets of black cab maker Manganese Bronze Holdings to Chinese manufacturer Geely.

The deal will secure jobs at the London Taxi International site in Coventry. The agreement also includes retention of the Mann & Overton dealership in London and all related dealership assets.

International law firm Freshfields Bruckhaus Deringer has advised leading Dutch daycare business Estro Groep BV on the successful restructuring of its €280 million leveraged loan facilities and related finance debt. Freshfields also advised Estro on the group’s transition to new ownership.

International law firm Pinsent Masons has advised KPMG, the administrators of Cobbetts, on Cobbetts' pre-pack sale to DWF.

Cobbetts was placed into administration at the High Court on 6 February and an immediate pre-pack administration sale was completed of the whole business to DWF.

The Pinsent Masons team advising on the deal was led by Restructuring partner Steven Cottee alongside Jonathan Jeffries, Dawn Allen, Claire Sharf and Nick Gavin-Brown.

Hogan Lovells advised the members of the ad-hoc committee of bondholders of Sino-Forest Corporation (Sino-Forest) and the newly formed entity Emerald Plantation Group Limited (NewCo) on the implementation of a Plan of Compromise and Reorganization (the Plan) which was overwhelmingly approved by the creditors and the Ontario Superior Court of Justice.