CashEuroNet, UK LLC’s Enter Into Administration

Slaughter and May has advised the administrators of CashEuroNet, UK LLC which entered administration on 25 October 2019.

The company previously traded as QuickQuid.

CashEuroNet is a high cost short term lender, otherwise known as a payday lender, which lends small sums to customers until the next payday or for a few months.

Restructuring and insolvency partners Ian Johnson (Picture) and Tom Vickers are advising Chris Laverty, Trevor O’Sullivan and Andrew Charters of Grant Thornton UK LLP in their role as joint administrators of the US incorporated online lender.

Involved fees earner: Ian Johnson – Slaughter and May; Tom Vickers – Slaughter and May;

Law Firms: Slaughter and May;

Clients: Andrew Charters; Chris Laverty; Trevor O’Sullivan ;