Barclays implements second debenture to secure additional KWM assets

According to Companies House records, Barclays has initiated a second debenture to secure additional assets from King & Wood Mallesons (KWM). The move comes amid KWM’s difficulties with its European arm, which carries over £30m in debt. KWM has also suffered a number of recent departures, with several partners having left the firm to pursue new opportunities at firms such as Addleshaw Goddard, Goodwin Procter, and Proskauer Rose. Following a failed attempt at bailing out the European arm, the firm is looking at alternative options, such as a potential European takeover by Dentons.

legalbusiness.co.uk Barclays implements second debenture to secure additional KWM assets
Thu, Dec 8, 2016 legalbusiness.co.uk