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”.
Multinational law firm Pinsent Masons has announced two acquisitions that will enable it to launch its flexible legal resourcing brand, Vario, into Germany.
International law firm Pinsent Masons has advised CANCOM SE on its share capital increase, valued at €174.2 million.
International law firm Pinsent Masons has further enhanced its commercial litigation, regulatory and tax litigation practice with the appointment of Andrew Sackey as a contentious tax partner in its London office. Andrew will work with clients across each of the firm's five key global sectors – Energy, Infrastructure, Financial Services, Real Estate and Advanced Manufacturing & Technology.
International law firm Pinsent Masons has advised Zurich, the global insurance provider, on the sale of its UK Retail Wealth business to Embark Group.
International law firm Pinsent Masons has strengthened its restructuring team with the appointment of Samantha Palmer as partner.
International law firm Pinsent Masons has advised Andy Hosking and Sean Bucknall of Quantuma, the joint administrators of Burroughs Day, on Burroughs Day’s pre-pack sale to Metcalfes Solicitors.
For all media enquiries, including arranging an interview with one of our spokespeople, please contact the press office on