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Appleby have acted in Jersey, Guernsey and the Isle of Man for the Joint Administrators of certain companies of the Arcadia Group, which owns Burton Menswear, Dorothy Perkins, Wallis, Miss Selfridge and Topshop.
The Appleby Insolvency and Restructuring Teams across the Crown Dependencies have successfully obtained orders of recognition of the Joint Administrators’ appointment.
The recognition of the Joint Administrators in the jurisdictions will enable them to continue to trade the stores in those locations, whilst options are explored and the strategy of the administrations evolves.
In addition to procuring recognition of the Joint Administrators’ appointment, the Appleby Insolvency and Restructuring Teams were also successful in securing a moratorium in Jersey, Guernsey and the Isle of Man, which will ensure continuity of trade and prevent disruptive action that may undermine the purpose of the wider administration.
Partner Jared Dann, supported by Senior Associate, Gemma Whale, provided Jersey legal advice.
“This instruction, on such a high profile and well publicised administration, is another excellent example of the Insolvency and Restructuring experience and expertise of Appleby’s global team," Mr Dann said.
"We have worked closely and successfully with the Joint Administrators to coordinate recognition being obtained in short order and concurrently across the Crown Dependencies."
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