As the fallout from the demise of Dewey & LeBoeuf continues, liquidators of the UK arm are assessing paying an interim dividend to unsecured creditors of the City office having finished disbursements to secured and preferential creditors.
A progress report on the Dewey wind-down filed by liquidators BDO at the beginning of this month showed that under the partner contribution plan (PCP), almost £572,000 has been received from the UK arm’s former partners as payment for the unsecured creditors, while approximately £28.5m worth of unsecured claims have been made against the UK LLP. The US partnership is making £23.7m worth of those claims.
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