Global Restructuring Review - Cross-border restructuring and insolvency legal news, features and events
A New York bankruptcy court has given a green light to Cyprus-registered shipping company Primorsk International to begin canvassing votes on a liquidation plan, after restructuring negotiations with senior lenders broke down earlier this year.
Camille Bent, who was recognised as one of 40 outstanding restructuring lawyers under the age of 40 in our survey in March, has joined BakerHostetler in New York.
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.
A US district court has stayed three civil suits challenging the constitutionality of Puerto Rico’s recently enacted Moratorium Act, until February 2017 – but it will schedule a hearing in due course to see if there is cause for relief from the stay.
Chinese state-owned lenders to the bankrupt industrial fishing conglomerate China Fishery Group have filed a string of objections in a US court, after an international consortium of financiers moved to appoint a Chapter 11 trustee.
Canadian-Colombian oil company Pacific Exploration has won court approval in Canada for its restructuring deal with Canadian financier Catalyst.
Advisory firm Duff & Phelps has relocated one of its London leaders to Hong Kong following predictions of an increase in defaults in the Asia region, while its New York office has hired a new managing director from Deloitte.
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.
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.
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.
“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.
Borden Ladner Gervais has added Montréal-based Hugo Babos-Marchand as a partner in its banking and insolvency groups.
September 7-11, 2016, The Hard Rock, San Diego, United States