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

Conference reports

European Academy of Law, Trier: The good, the bad and the COMI

European Academy of Law, Trier: The good, the bad and the COMI

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.

III, London: Is common law incompatible with a universalist approach?

III, London: Is common law incompatible with a universalist approach?

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.

AIRA Dallas: Opportunity and risk in fossil fuel and green energy restructurings

AIRA Dallas: Opportunity and risk in fossil fuel and green energy restructurings

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.

American College of Bankruptcy, Washington, DC: Recent developments in Chapter 15

American College of Bankruptcy, Washington, DC: Recent developments in Chapter 15

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.

Latin Lawyer-GRR Live New York: Taking on Brazil’s bankruptcy reform

Latin Lawyer-GRR Live New York: Taking on Brazil’s bankruptcy reform

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.

IBA Copenhagen: Difficulties with the new directive

IBA Copenhagen: Difficulties with the new directive

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.

GRR Live London: the English scheme - repair or replace?

GRR Live London: the English scheme - repair or replace?

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.

GRR Live London: Lord Justice David Richards on court-to-court communication

GRR Live London: Lord Justice David Richards on court-to-court communication

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.

2nd Annual GRR Live London in pictures

2nd Annual GRR Live London in pictures

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.

ILA London: UK insolvency community ponders future as a forum of choice

ILA London: UK insolvency community ponders future as a forum of choice

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.

EMTA London seminar: new investment treaties that block sovereign debt holdout claims

EMTA London seminar: new investment treaties that block sovereign debt holdout claims

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.

ABI Caribbean Insolvency Symposium: Rereading Chapter 15

ABI Caribbean Insolvency Symposium: Rereading Chapter 15

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.