Barclays demands payment of capital loans from former KWM partners
Bank asks ex-partners to repay loans taken out for capital contributions by end of month
April 21, 2017 at 07:26 AM
2 minute read
Barclays has demanded that former King & Wood Mallesons (KWM) partners repay personal loans taken out to pay capital contributions by the end of this month.
The bank initially sent a letter asking former partners to repay their loans in mid-February, a month after the legacy SJ Berwin business went into administration on 17 January.
In the letter, the bank requested partners put forward a payment plan for outstanding amounts.
NOT FOR REPRINT
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Trending Stories
- 1The Law Firm Disrupted: For Big Law Names, Shorter is Sweeter
- 2Wine, Dine and Grind (Through the Weekend): Summer Associates Thirst For Experience in 'Real Matters'
- 3The 'Biden Effect' on Senior Attorneys: Should I Stay or Should I Go?
- 4BD Settles Thousands of Bard Hernia Mesh Lawsuits
- 5First Lawsuit Filed Alleging Contraceptive Depo-Provera Caused Brain Tumor
Featured Firms
Law Offices of Gary Martin Hays & Associates, P.C.
(470) 294-1674
Law Offices of Mark E. Salomone
(857) 444-6468
Smith & Hassler
(713) 739-1250