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

Conference reports

ABI International: America Now? Part two

ABI International: America Now? Part two

16 November 2017

What level of corruption is necessary to stop a US court granting Chapter 15 recognition to a foreign company? And do US avoidance provisions have international reach? A panel of four well-known names in the US tackled these questions in the context of Russian bankruptcies and courts split on extraterritoriality.

GRR Live, New York: Nortel and Kodak – barking up the wrong IP

GRR Live, New York: Nortel and Kodak – barking up the wrong IP

08 November 2017

In a multinational group insolvency, how do you safeguard and maximise the value of healthy parts of the business? Speakers at GRR Live New York compared the bankruptcies of telecoms group Nortel and imaging software company Kodak, concluding that Nortel benefited from selling the right kind of intellectual property, at the right time.

ABI International: America Now! Part one

ABI International: America Now! Part one

03 November 2017

A panel of American lawyers sitting in Ireland discussed why foreign companies in distress are increasingly choosing the US as the destination for their restructuring – and told delegates how to ensure they get their case heard in an American bankruptcy court once they’ve chosen the US as a jurisdiction.

GRR Live, New York: Home court advantage

GRR Live, New York: Home court advantage

02 November 2017

Panellists at the first GRR Live event in New York discussed whether jurisdictional competition for control of global insolvency proceedings is a positive development, taking in subjects from forum shopping to "Brexit" and recent developments at UNCITRAL.

Single Resolution Board Conference 2017: cross-border questions

Single Resolution Board Conference 2017: cross-border questions

23 October 2017

The European Union’s Single Resolution Mechanism (SRM) rose to its first challenge – the resolution of Spain’s Banco Popular – in summer 2017, but obstacles to the smooth functioning of the regulation could still arise when it is applied to cases that cross Europe’s borders, according to speakers at the Single Resolution Board’s second annual conference in Brussels.

European Investment Summit: Greece’s place in the global NPL market

European Investment Summit: Greece’s place in the global NPL market

20 October 2017

As massive new markets emerge in Asia and elsewhere, how can Greece remain relevant to NPL investors? That was the question posed in a keynote presentation by David Edmonds, financial advisory global head at Deloitte, at DDC Financial’s European Investment Summit in Athens last week.

INSOL Europe Warsaw: a “new pragmatist” approach to insolvency

INSOL Europe Warsaw: a “new pragmatist” approach to insolvency

20 October 2017

The EU Commission Directive proposal on preventive restructuring frameworks contains some "extremely useful" measures but could have minimal impact in some member states, according to speakers on the opening panel of INSOL Europe's 2017 congress in Warsaw.

GRR Live Hong Kong: Judge-made innovations and the trouble with enforcement in China

GRR Live Hong Kong: Judge-made innovations and the trouble with enforcement in China

19 October 2017

A panel at the inaugural GRR Live in Hong Kong considered the future of schemes of arrangement – and the future availability of other restructuring mechanisms in the special administrative region – against practical realities such as the court’s unwillingness to sanction the use of provisional liquidators solely for restructuring purposes.

GRR Live Hong Kong in pictures

GRR Live Hong Kong in pictures

18 October 2017

On 17 October, GRR held its first conference in Hong Kong at offices of Freshfields Bruckhaus Deringer, featuring a keynote speech by Hong Kong Companies Court Judge Jonathan Harris.

Vienna: What UNCITRAL did next

Vienna: What UNCITRAL did next

17 October 2017

Ten international insolvency brains came together at the United Nations building in Vienna to argue their case for what UNCITRAL’s Working Group V should pick up next: from a model law on sovereign debt restructuring, to an UNCITRAL-sponsored “law to die by”.

Global Distressed Investments Forum: China NPL market on the rise

Global Distressed Investments Forum: China NPL market on the rise

06 October 2017

China’s official non-performing loan (NPL) ratio is just 1.74% with portfolios up for grabs worth US$250 billion, according to the government. But the true figure could be up to US$1 trillion, two speakers argued at an event in London last week, as they discussed opportunities and stumbling blocks for investing in the People’s Republic – a market so big investors could hunt for things to buy “with possibly no competition”.

GRR Live, New York: Courageous, creative, pragmatic jurists and the evolution of cross-border matters

GRR Live, New York: Courageous, creative, pragmatic jurists and the evolution of cross-border matters

18 September 2017

The Southern District of New York's Chief Judge Cecilia Morris highlighted a series of decisions by of a host of "courageous, creative and pragmatic" jurists that have helped cross-border restructuring evolve, in her keynote speech at GRR Live New York last week.