Reed Smith has won the role acting for the administrators of WorldSpreads, the spread-betting operator being wound up after accounting irregularities were found in its finances.
London restructuring partner Charlotte Møller and Europe and Middle East disputes head Richard Spafford are understood to be advising KPMG partners Jane Moriarty and Samantha Bewick, who were appointed yesterday as special administrators of the AIM-listed company.A KPMG spokeperson confirmed the appointment of Reed Smith, but a spokesperson for the US firm said it could not comment on ongoing client matters.
Mr Justice Hildyard appointed the KPMG duo to the job at an emergency hearing at the Rolls Building on Sunday evening, making a rare special administration order under the Investment Bank Special Administration Regulations 2011.
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