Mishcon de Reya has advised hospitality group Minor International PCL on its winning bid for the Corbin & King restaurant group following an auction of the business by administrators, FRP.
Corbin & King operates numerous restaurants in London and in Bicester Village including the Wolseley and the Delaunay.
Minor became the majority shareholder and creditor of the group in 2018. Mishcon de Reya has been advising Minor on a long standing shareholder dispute with the minority shareholders, including the founders Jeremy King and Chris Corbin, which led to an unfair prejudice claim being issued against Minor. Mishcon de Reya then went on to advise Minor on its appointment of administrators to the top company in the group in January 2022 and subsequent applications for urgent relief in the insolvency and commercial courts.
As the sole shareholder, Minor now looks forward to building on the existing strength of the business to drive growth both in the UK and internationally.
Mishcon Private Partners Nick Davis and Janet Tobin led the team which included Insolvency Partners Raza Khan and David Leibowitz, Private Managing Associate Jessie Bridgett, Corporate Managing Associate Lydia Kellett and trainee Kiros Papaloizou. Employment Consultant Margarita Elia advised on employment issues with Managing Associate Mark Stroud and Insolvency associates Alexandra Baker and Matthew Scola providing contentious insolvency advice.
Nick Davis, Partner Mishcon de Reya commented:
"We are so delighted that our clients were able to prevail in a long running dispute despite obstacles put in their way and they can now ensure that the Corbin & King Restaurant Group has a bright and profitable future. We are pleased to have played a part in ensuring that outcome."