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Halliwells to be liquidated with BDO appointed to handle process

BDO's Dermot Power and Shay Bannon have been formally appointed as liquidators of Halliwells, as the winding-up of the failed Manchester law firm continues. The pair applied to be appointed as Halliwells' liquidators before Christmas, with CMS Came...

17 Jan 2012 | 12:12 | 5 comments

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inner image BDO applies to be named liquidator as Halliwells wind-up continues

BDO has applied to be appointed as liquidator of defunct law firm Halliwells, with the organisation, currently Halliwells’ administrator, taking the first steps towards liquidating the failed firm’s limited liability partnership (LLP). BDO expects...

07 Dec 2011 | 15:48 | secure | 2 comments

inner image Halliwells fixed-share partners level new claims at equity partners

A group of ex-Halliwells partners have been issued with a letter by former fixed-share members threatening legal action on the grounds of misrepresentation. The letter, which was sent by Irwin Mitchell on behalf of 14 former Halliwells fixed-share ...

14 Oct 2011 | 14:58 | secure | 20 comments

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Halliwells partners set for mediation with administrators over £21m claim

The Halliwells partners facing a £21m High Court claim by the firm's administrators are set to enter mediation in an effort to avoid a lengthy court battle. BDO launched the claim in July against a group of 32 ex-partners - including former chairm...

01 Sep 2011 | 14:50 | secure

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BDO reappointed as Halliwells report shows £600k pool for unsecured creditors

BDO has secured a six-month extension to its term overseeing the administration of collapsed law firm Halliwells. News of the reappointment of BDO joint administrators Dermot Power and Shay Bannon comes as it emerges that unsecured creditors may have ...

16 Aug 2011 | 13:36 | secure | 1 comment

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Fourteen ex-Halliwells partners instruct Irwin Mitchell to fight BDO claims

Irwin Mitchell has been instructed by a group of former Halliwells partners to fight claims that they are liable to repay drawings paid out in the months leading up to firm’s collapse. The firm has been appointed by 14 former fixed-share partners at...

15 Aug 2011 | 15:22 | secure | 1 comment

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Group of former Halliwells partners hit with £21m High Court claim

Halliwells' administrators have launched a claim in the High Court against a group of former partners in a bid to reclaim more than £21m gained through a controversial 'reverse premium' property payout. BDO launched the claim against Halliwells' f...

21 Jul 2011 | 18:09 | secure | 16 comments

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Administrators BDO ask ex-Halliwells partners to pay back drawings

A number of former Halliwells partners have been sent letters by the firm’s administrators trying to claw back drawings paid out in the months running up to the firm’s collapse. Administrators BDO contacted 211 former fixed-share and equity par...

07 Jul 2011 | 00:00 | secure

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BDO moves to recoup £21m property payout from ex-Halliwells partners

A group of former Halliwells partners have been issued with a demand from the firm's administrators BDO to repay around £21m related to a controversial 'reverse premium' property payout. The letters, which were received by a number of former partn...

17 Jun 2011 | 15:55 | secure | 8 comments

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BLG, Hill Dicks and Gateley warned by SRA over unpaid Halliwells fees

Barlow Lyde & Gilbert, Hill Dickinson and Gateley could be held liable for £500,000 in client money shortfalls relating to the Halliwells collapse, according to a letter sent out by the Solicitors Regulation Authority (SRA) last month. The SRA wro...

31 May 2011 | 10:18 | secure

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Former Halliwells partners divided over HMRC tax rebate cut-off

Tensions are rising among former Halliwells partners after a decision was made to limit the number of ex-partners eligible to seek a tax rebate from HM Revenue & Customs (HMRC). Former members of the defunct firm are in negotiations with HMRC about...

17 Feb 2011 | 00:35 | secure

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Halliwells administrators report reveals debts of more than £190m

Defunct law firm Halliwells owes unsecured creditors more than £190m, according to the latest report from administrators BDO. To date BDO has received claims worth £191.5m from unsecured creditors. Landlord and lease creditors account for £182.2...

15 Feb 2011 | 13:10 | secure | 4 comments

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Addleshaws replaces Freshfields on part of RBS-Halliwells dispute

Addleshaw Goddard has replaced Freshfields Bruckhaus Deringer in advising Royal Bank of Scotland (RBS) as it bids to retrieve capital owed to it by former partners of now-defunct firm Halliwells. Addleshaws finance litigation partner Ian Hastings i...

20 Jan 2011 | 00:17 | secure

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Halliwells partners to be questioned for report into firm's collapse

Former Halliwells partners are to be interviewed by BDO next year as the administrator attempts to determine the specific reasons for the firm's demise. BDO's Dermot Power and Shay Bannon are set to interview a significant number of ex-partners bef...

09 Dec 2010 | 16:57 | secure | 1 comment

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Halliwells creditors form committee as administration rumbles on

Five of Halliwells' creditors, including its largest secured and unsecured creditor, have joined together to form a committee in the latest stage of the administration process of the now-defunct law firm. Royal Bank of Scotland (RBS), which as a se...

22 Nov 2010 | 12:42 | secure | 1 comment

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