An initial report into King & Wood Mallesons‘ now defunct European arm states unsecured creditors are expected to lose £33.5m as administrators Quantuma continue to sift through the affairs of legacy SJ Berwin.
The firm was moved into administration in mid-January, in what was Europe’s largest ever legal collapse. The report says £37m is owed to unsecured creditors, but only £3.5m was available at 17 January.
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