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

Saudi Arabia's AHAB group signs US$6 billion restructuring deal

Saudi Arabian family-run conglomerate Ahmad Hamad Algosaibi & Brothers (AHAB), has signed a deal with several of its lenders to implement a US$6 billion restructuring plan, bringing the Arab region’s largest debt default a step closer to resolution.

Big, old and in retail – a recipe for confusion

PwC beats Deloitte and Alvarez to role of Oi administrator

Israeli bankruptcy case declared foreign main proceedings despite COMI in Canada

Bondholders allege Puerto Rico breached PROMESA within hours of passage

Community round-up: Carey Olsen appoints new counsel in Guernsey

Carey Olsen has promoted an insolvency specialist to counsel in Guernsey, as Scotland’s Accountant in Bankruptcy appointed two restructuring heavyweights to its advisory board.

DLA Piper’s “vote of confidence” in Puerto Rico

DLA Piper has become the first major international law firm to open an office in Puerto Rico describing it as a “vote of confidence” in the territory, which is struggling under the burden of more than US$70 billion in debt.

UK court reduces bribery fine to prevent insolvency

An English court overseeing the bribery case of a small company found guilty of “egregious criminality”, has handed down a reduced fine explaining that the SME would otherwise be forced into insolvency.

Is French law about to become a reference for the European common approach on rescue proceedings?

Partner Céline Domenget Morin and associate Romain de Ménonville from White & Case in Paris discuss the different types of amicable rescue proceedings in France and argue that the European Commission should look to them as it seeks to establish an efficient and effective common insolvency framework.

FTI expands restructuring sub-group with six new hires

Business advisory firm FTI Consulting has recruited six new members in its US performance improvement team, which sits within the larger corporate finance and restructuring practice.

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Events

National Association of Bankruptcy Trustees 2016 Annual Convention

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

IBA Annual Conference Washington 2016

September 18-23, 2016, Washington, D.C., United States