Global Restructuring Review - Cross-border restructuring and insolvency legal news, features and events
27 June 2017
“But where is the debtor’s centre of main interests (COMI) really located?” At a recent event in Germany, a British barrister ran through the recast European Insolvency Regulation’s new provisions that codify established case law on good and bad forum shopping, and fill an erstwhile statutory silence.
21 June 2017
Is judicial law-making fit for purpose in an age where courts are required to tackle the collapses of global businesses, the president of the UK Supreme Court, Lord David Neuberger, asked in his keynote speech at the International Insolvency Institute’s (III) annual conference in London.
20 June 2017
The glut in US oil and gas bankruptcies has underlined the role of bankruptcy courts as avenues for innovative solutions, according to speakers at the recent Association of Insolvency & Restructuring Advisors conference in Dallas – though a recent court filing by a green energy firm poses a risk for a burgeoning industry.
19 June 2017
Cross-border bankruptcy practice is increasing, observes Robert Millner, senior counsel at Dentons in Chicago, as he explores a recent session on Chapter 15 at the American College of Bankruptcy’s Annual Meeting.
09 June 2017
The flaws in Brazil’s bankruptcy framework go to the heart of the country’s legal culture but incremental change can be achieved through law reforms, according to a panel at the Latin Lawyer-GRR Live conference in New York this week.
05 June 2017
With flaws ranging from a failure to define key terms to unusable technical innovations, the proposed EU harmonisation directive has a long way to go, according to a panel at an International Bar Association conference in Copenhagen in May.
31 May 2017
English schemes of arrangement must adapt to avoid being left behind in a post-Brexit world, according to a panellist in a question-and-answer session at last week's GRR Live in London, who suggested that schemes have been "stretched to the limits of their tolerance" and must be replaced altogether.
26 May 2017
There needs to be some "clarity of thinking" as to what communications between courts in insolvency proceedings will achieve, Lord Justice David Richards said in the keynote speech at the Second Annual GRR Live London.
26 May 2017
The 2nd Annual GRR Live London took place on 25 May at the offices of Weil Gotshal & Manges. Click on the headline for photos from the event.
03 April 2017
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.
15 March 2017
Speakers at a seminar in February pondered the inclusion of collective action clauses in recent international investment treaties – including the new CETA between Canada and the EU – to prevent holdout creditors from bringing treaty claims against states in a sovereign debt restructuring context.
09 March 2017
At the American Bankruptcy Institute’s Caribbean Insolvency Symposium in Grand Cayman in February, panelists discussed the emerging limitations on Chapter 15 recognition of offshore insolvencies and the differing approaches to third-party litigation funding in and outside the US.