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Carillion insolvency

14/1/2018
Insolvency proceedings
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Announced

14/1/2018

Overview:

  • Carillion has filed for insolvency.
  • The company is a major player in the construction sector.
  • The company's liabilities are valued at £1.5 billion, with debt aggregating to £900 million.
  • Barclays, The Royal Bank of Scotland and HSBC are the main banks involved.
  • Sackers has provided pension advice.

Katrin Kostadinova - Data analyst 

Jurisdiction:

United Kingdom

Deal type:

Insolvency proceedings

Practice area:

Restructuring and insolvency

Governing law:

England and Wales

Industry sector:

Construction and materials

Firms:
Akin Gump Strauss Hauer & Feld

Party: Barclays (Lender)

Party: The Royal Bank of Scotland (Lender)

Party: HSBC (Lender)

Lawyer: Barry Russell

Clifford Chance

Party: Barclays (Lender)

Party: The Royal Bank of Scotland (Lender)

Party: HSBC (Lender)

Lawyer: David Towers

Dentons

Party: PricewaterhouseCoopers (PwC) (Receiver)

Lawyers: Neil Griffiths, Nigel Barnett

Freshfields Bruckhaus Deringer

Party: PricewaterhouseCoopers (PwC) (Receiver)

Lawyer: Ken Baird

Herbert Smith Freehills

Party: Carillion (Non-executive directors)

Lawyers: James Palmer, John Whiteoak, Kevin Pullen

Linklaters

Party: Barclays (Lender)

Party: The Royal Bank of Scotland (Lender)

Party: HSBC (Lender)

Slaughter and May

Party: Carillion (Insolvent entity)

Lawyers: Ian Johnson, Sally Wokes, Tom Vickers, William Underhill (retired)

Willkie Farr & Gallagher

Party: The Royal Bank of Scotland (Lender)

Party: HSBC (Lender)

Party: Barclays (Lender)

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