Global Restructuring Review - Cross-border restructuring and insolvency legal news, features and events

Cayman court appoints liquidators over hedge fund accused of fraud

A court in the Cayman Islands has appointed joint liquidators to wind down the flagship offshore arm of hedge fund group Platinum Partners, which is facing investigations in the US over alleged fraud.

Puerto Rican court stays civil suits under PROMESA

Pacific Exploration gets go-ahead on debt deal

China Fishery's state-owned lenders object to Chapter 11 trustee

Duff & Phelps moves London head to Hong Kong, recruits in New York

BRUSSELS: six points to consider when shifting COMI

A recent debate in Brussels considered the virtues of different insolvency regimes in the US and EU for the purpose of choosing a centre of main interest (COMI) – and found that forum shoppers are probably best off in America.

Deutsche Bank and JP Morgan settle claims over Washington Mutual default

JP Morgan Chase and Deutsche Bank have agreed a settlement with the receiver of the US banking group Washington Mutual’s estate, bringing an end to several long-running litigations arising from the bank’s 2008 collapse.

IWIRC announces new directors for 2016-17

The International Women’s Insolvency and Restructuring Confederation (IWIRC) has revealed a list of 39 restructuring specialists from across the globe who will sit on its board for 2016 to 2017, serving under new chair Nancy Valentine of US firm Ice Miller.

The Kindly Ones

“Mediation of restructuring and insolvency-related disputes is a growing trend,” GRR kept hearing repeatedly from practitioners at events and meetings around the world. We set out to investigate and found that, while mediation is widely encouraged and used in North America, the process seems to be quite different from what is understood as mediation in Europe - where it has yet to catch on.

Community round-up: summer promotions and laterals

Skadden Arps Slate Meagher & Flom has announced the promotion of one of its restructuring lawyers to counsel; US firm Hedrick Kring has hired a partner from Akin Gump; and a UK insolvency practitioner from AlixPartners has moved to accountancy and advisory firm Moore Stephens.

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Events

National Association of Bankruptcy Trustees 2016 Annual Convention

September 7-11, 2016, The Hard Rock, San Diego, United States