Legal advisers on the sale of BHS have been labelled an ‘expensive badge of legitimacy’ in the report investigating the retail giant’s demise.
Continue reading “‘Expensive badge of legitimacy’: Olswang in firing line of BHS report”
Merger watch: Olswang finds a suitor in CMS Cameron McKenna
CMS Cameron McKenna and Olswang could combine to create a £880m firm as it’s understood the LB100 firms have entered into merger talks.
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‘Please explain’: Linklaters writes to Olswang to question BHS fees
Arcadia Group adviser Linklaters has questioned Olswang on whether its client Retail Acquisitions Limited (RAL) broke its contract and breached covenants to pay the firm’s fees for the sale of BHS.
Continue reading “‘Please explain’: Linklaters writes to Olswang to question BHS fees”
Under fire: Linklaters and Olswang in the spotlight as dealmakers face parliament over BHS collapse
City lawyers faced the wrath of MPs during May and June in an inquiry over the sale of BHS. The April collapse of the retailer, following its sale by Sir Philip Green’s Arcadia Group for £1 to Dominic Chappell’s Retail Acquisitions, caused political fallout for advisers on the deal, including law firms.
Partners from Olswang, Linklaters, Eversheds and Nabarro all appeared before a joint committee of MPs from the Work and Pensions and the Business, Innovation and Skills departments.
BHS updated: Green claims Olswang ‘knee deep’ in deal, accuses firm of covenant breach
Former BHS owner Sir Phillip Green criticised Olswang and other advisers as he faced questions today (15 June) over the sale and contentious administration of the retailer. Continue reading “BHS updated: Green claims Olswang ‘knee deep’ in deal, accuses firm of covenant breach”
Olswang silent as inquiry reveals Linklaters billed £1.2m to Arcadia in BHS sale
After MPs in the BHS inquiry called on the law firms involved to disclose further details of their dealings, Olswang has failed to provide details of its fees, while Linklaters and Nabarro have released what they billed.
Continue reading “Olswang silent as inquiry reveals Linklaters billed £1.2m to Arcadia in BHS sale”
BHS inquiry latest: Olswang remains in focus as MPs probe fees
As the inquiry into the sale of BHS continues, Work and Pensions committee chair Frank Field has asked Olswang to reveal details of its fees paid during the purchase of the retailer for £1 last year.
Continue reading “BHS inquiry latest: Olswang remains in focus as MPs probe fees”
Updated: Linklaters and Olswang partners among lawyers grilled by MPs for roles in BHS sale
Linklaters and Olswang have been heavily criticised in parliament this week over alleged failures to identify that the buyer of collapsed retail giant BHS had previously been declared bankrupt.
Linklaters and Olswang to face questions in Parliament over BHS controversy
Linklaters and Olswang have been called before a Parliamentary committee to answer questions over the sale and contentious administration of BHS.
Continue reading “Linklaters and Olswang to face questions in Parliament over BHS controversy”
Partner promotions: Nabarro makes up four in the City as Olswang makes up one in reduced round
Olswang has made just two partner promotions firmwide including one in the City, while Nabarro has promoted five in a City-heavy round. Continue reading “Partner promotions: Nabarro makes up four in the City as Olswang makes up one in reduced round”