Pinsent Masons advises on former Westlife member's record deal

15 Apr 2013 | 11:26 am |

International law firm Pinsent Masons has advised Kevin Hellard of Grant Thornton, the trustee in the bankruptcy of the former Westlife singer Shane Filan, on a new record deal which will enable his creditors to share in his financial rewards.

Shane Filan, who was declared bankrupt last year, has signed a new solo record deal with London Records in a unique transaction that unusually included lawyers from the restructuring world as well as the music business.

As part of Westlife, Filan sold over 50 million records worldwide and have accumulated 14 No.1 singles, the third highest in UK history - a feat that won them the accolade of the UK's top-selling album group of the 21st century in 2010.

The Pinsent Masons team advising on the deal was led by restructuring partner, Steven Cottee, assisted by Serena McAllister.

Steven Cottee commented: "It certainly was an unusual transaction. We are pleased to have helped the Trustee implement an innovative solution whereby Shane can go on to enjoy a productive solo career whilst enabling his creditors to share in his financial rewards”.  

 

 

Latest press releases

Show me all press releases

Pinsent Masons advises Wesleyan Assurance Society on sale of Wesleyan Bank

Multinational law firm Pinsent Masons has advised Wesleyan Assurance Society on its sale of Wesleyan Bank Limited and subsidiaries to Hampshire Trust Bank plc, subject to regulatory approval.

Pinsent Masons advises Malaysia-based Tenaga Nasional Berhad (TNB) on first international offshore wind investment

Multinational law firm Pinsent Masons has advised Malaysian utility, TNB and Vantage RE, its UK/European arm, on its acquisition of a 49% stake in the offshore wind farm company Blyth Offshore Demonstrator Limited (BODL) from EDF Renewables.

Pinsent Masons advises UK Government on first purchase of Covid-19 antivirals

Multinational law firm Pinsent Masons has advised the UK government on its contracts for the purchase of significant volumes of two novel, Covid-19 specific, antivirals.

People who viewed this press release also viewed

Show me all press releases

Pinsent Masons advises on L Catterton’s sale of Sweaty Betty to Wolverine World Wide Inc

Multinational law firm Pinsent Masons has acted as legal advisor to Sweaty Betty, the founders, Tamara and Simon Hill-Norton, and the senior management team, on the $410m sale of global activewear and lifestyle brand, Sweaty Betty, to Wolverine World Wide, Inc. (WWW).

Pinsent Masons advises Grant Thornton on the pre-pack sale of CB Imports

Multinational law firm Pinsent Masons has advised joint administrators, Christopher Petts and Richard Lewis of Grant Thornton UK LLP, on a pre-pack administration sale of the business and assets of CB Imports, trading as "Country Baskets."

Pinsent Masons appoint Banking and Restructuring partner

Multinational law firm Pinsent Masons has appointed restructuring expert Charles Maunder as a Banking & Restructuring partner within their Finance and Projects group. Charles will commence his role in November.

For all media enquiries, including arranging an interview with one of our spokespeople, please contact the press office on

+44 (0)20 7418 8199 or 

Location contacts