Global Restructuring Review - Cross-border restructuring and insolvency legal news, features and events
A Delaware court has dismissed an objection from the US trustee of Argentine-owned oil and gas company Maxus Energy and four of its US affiliates and confirmed a Chapter 11 liquidation.
A Hong Kong court has criticised liquidators from local outfit Vantage Advisory for failing to investigate competing claims over the proceeds of sale of a multi-million-dollar property – saying their “inaction” was particularly surprising given they had obtained a pre-emptive costs order to pay for the work.
Norway-based oil driller Archer has sought Chapter 15 recognition in Texas of scheme proceedings pending before a Bermudan court.
Linklaters’ London restructuring team has made its second senior hire in two months, with Ropes & Gray partner James Douglas set to join the firm.
White & Case in London and Bowmans in Nairobi have been advising Kenya’s struggling flagship airline as it nears the completion of a capital restructuring.
AlixPartners’ Caribbean restructuring team has relaunched as a new advisory firm in the British Virgin Islands and Cayman Islands.
The Latin Lawyer-GRR Live 2nd Annual Restructuring Summit taking place in New York next month will offer an analysis of cross-border restructuring developments in Latin America, from why practitioners in some countries are avoiding Chapter 15, to the impact of President Trump’s election.
The UK’s highest court has denied additional payments to creditors with unsecured US dollar-denominated claims against Lehman Brothers’ European arm, who argued they would offset the fall in the pound between the date of the group’s administration and the date they were paid.
The Brazilian administrator of a bankrupt EBX Group mining company has filed a Chapter 15 petition in Florida, telling the court he needs to “investigate the business, affairs, and worldwide dealings” of the miner’s owners who, he alleges, may have defrauded creditors.
An group of lenders led by a Cayman hedge fund have filed an involuntary Chapter 11 petition against a holding company that owns the world’s largest lead producer, saying it “has not paid one cent” towards its €1.8 billion obligations.
Ed Davis and Annette Escobar, founding member and partner at Sequor Law in Miami, present the methods available under US law, common law and in Brazil’s bankruptcy legislation to seek relief against parties not initially named as debtors in Chapter 15 proceedings.
Long Island-based law firm Moritt Hock & Hamroff has recruited Blank Rome’s Andrew Eckstein as a partner in its Manhattan office.
Weil Gotshal & Manges partner Adam Plainer was revealed as the new president of the UK’s Insolvency Lawyers Association (ILA) at its annual conference on Saturday, where an international panel discussed whether the UK will be able to keep its place as a forum of choice for restructuring in future.
Takayuki Maruyama and Naoki Kondo
Low Poh Ling and Wilson Zhu
Thursday, 25 May 2017. 110 Fetter Lane, London, EC4A 1AY, United Kingdom
Monday, 5 June 2017. 200 Park Avenue, New York, NY 10166, USA