Law Firm Freshfields Advises Mouchel Group on Financial Restructuring

1 September 2012 – International Law Firm News- International law firm Freshfields Bruckhaus Deringer has advised the Mouchel Group on its financial restructuring. This has seen the assets of Mouchel Group plc being transferred to MRBL Limited, a newly incorporated company owned by the group’s lenders: RBS, Lloyds Banking Group and Barclays, and members of the Group’s management. The transaction marks the completion of the Group’s financial restructuring and provides the group’s businesses with a strong financial platform for the future.

The restructuring was executed by using administration appointments over Mouchel Group plc as part of an alternative plan developed to implement the restructuring in the event shareholders did not accept a 1p special dividend in return for their agreement to the transfer of the group to lender ownership as proposed in the circular dated 31 July 2012. The terms of the sale also ensure that all of the group’s trading subsidiaries can continue to trade as usual.

The Freshfields team advising Mouchel was led by finance partner Simon Johnson, corporate partner Farah Ispahani and restructuring partner Adam Gallagher. They were supported by finance associate Natalie Dyce, corporate associate Holly Kinchin-Smith and restructuring associate Emma Norman. Partner David Pollard led pensions advice and partner Murray Clayson led on tax advice.

The Freshfields team advising KPMG as administrators was led by restructuring counsel Anne Sharp supported by restructuring associates Priyanka Usmani and Kathryn Bruce.

Freshfields restructuring partner Adam Gallagher commented: ‘This is the latest in a number of plc restructurings that we’ve completed and an example of how administration techniques can be used effectively to create the right economics for businesses to prosper’.


Skadden Arps Represents Express Scripts in Dismissal of Antitrust Claims

1 September 2012 – LawFuel Law Firm Announcements – Skadden represented Express Scripts, Inc. in the dismissal of antitrust claims brought by pharmacies and industry associations in connection with the company’s $29.1 billion merger with Medco Health Solutions, Inc., alleging the merger would have a detrimental economic impact on retail pharmacies and employers providing prescription drug coverage.

On August 27, Judge Cathy Bissoon of the U.S. District Court for the Western District of Pennsylvania dismissed nearly all of the claims against Express Scripts, only allowing those from specialty medicine providers to stand.

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