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

Conference reports

WASHINGTON, DC: Trends in US cross-border cases, Chapter 15, UNCITRAL and the EIR

WASHINGTON, DC: Trends in US cross-border cases, Chapter 15, UNCITRAL and the EIR

07 June 2016

A recent panel in the US grappled with the fate of Chapter 11 and Chapter 15 cases involving non-US entities, in the wake of the dismissal of Bahamian resort Baha Mar’s Chapter 11 filing in Delaware.

WASHINGTON, DC: Cross-border group insolvency laid bare

WASHINGTON, DC: Cross-border group insolvency laid bare

07 June 2016

What restructuring options are open to a multinational fashion retailer facing trouble from lawsuits in Canada and the US over a problematic, see-through garment? A group of top female insolvency lawyers laid out the different routes available at a conference in Washington, DC.

PRAGUE: Cleaning up non-performing loans in the CEE region

PRAGUE: Cleaning up non-performing loans in the CEE region

07 June 2016

Banks in central and eastern Europe looking to restructure or dispose of non-performing loans can help attract investors by providing high-quality data, adhering to international sales standards and trying to anticipate problems before they arise, panellists noted in Prague in March. Ultimately, though, the main driver of investment is a favourable legal environment and an experienced local servicing industry.

NEW YORK: Distressed companies must communicate bad news, say panellists

NEW YORK: Distressed companies must communicate bad news, say panellists

07 June 2016

Latin American companies facing insolvency amid turmoil in the commodities market and currency devaluations should be prepared to be transparent with creditors, take prompt action and release equity to ensure an efficient restructuring, heard attendees at the first Latin Lawyer - GRR Restructuring Summit, held in New York on Monday.

MILAN: New NPL law is a silver lining in the storm clouds

MILAN: New NPL law is a silver lining in the storm clouds

24 May 2016

The IBA Insolvency Section's 22nd annual global insolvency and restructuring conference opened with both figurative and literal storm clouds overhead, as speakers gave an update on the state of insolvency law and creditors' rights in Greece, to a backdrop of thunder. There was one silver lining on the horizon, however: a series of legal changes to liberalise the market for non-performing loans.

READING: Rise of global debt requires less regulation, more monitoring

READING: Rise of global debt requires less regulation, more monitoring

23 May 2016

The continuing rise of corporate, banking and sovereign debt around the world requires less regulation and more supervision, argued sovereign debt expert Professor Rodrigo Olivares-Caminal of Queen Mary, University of London, at a conference held by the University of Reading this week.

Atlas – ironing out a transparent Australian restructuring

Atlas – ironing out a transparent Australian restructuring

11 April 2016

As the iron ore industry faces difficulties from a dramatic drop in price, panellists in Singapore discussed the role of information gathering and transparency in the successful first stage of the turnaround of Australia’s Atlas Iron.

Investing in sovereign debt through arbitral awards

Investing in sovereign debt through arbitral awards

11 April 2016

Investment arbitration awards can create sovereign debt at one stroke, said Peter Griffin, founder of the consultancy Slaney Advisors, as he discussed what investors in distressed scenarios should look out for when considering opportunities to capitalise on arbitration in emerging markets.

WIESBADEN: International insolvency legislation – separated by a common language?

WIESBADEN: International insolvency legislation – separated by a common language?

11 April 2016

Different implementing legislation for the UNCITRAL Model Law in the US and the UK has created two countries separated by a common language, speakers argued at a recent panel in Germany – as a former Cologne bankruptcy judge argued that Germany’s own international insolvency law is sufficient to get along without the Model Law.

SINGAPORE: Court-to-court protocols are the key to cross-border consensus

SINGAPORE: Court-to-court protocols are the key to cross-border consensus

11 April 2016

Two judges and a lawyer from China, Singapore and the US discussed how to better manage cross-border insolvencies across Asia, agreeing that court-to-court protocols are a better solution than trying to harmonise different countries’ laws.

LONDON: Assessing the EU’s Single Resolution Mechanism

LONDON: Assessing the EU’s Single Resolution Mechanism

19 February 2016

Distressed debt investors, advisors and turnaround management professionals from across the globe met in January to discuss the benefits and pitfalls of the EU’s Single Resolution Mechanism: one of the main pillars of Europe’s post-financial crisis banking union, whose purpose is to ensure an orderly resolution of failing banks with minimal costs for taxpayers and the economy.

MIAMI: A pontification on the restructuring of corporate groups

MIAMI: A pontification on the restructuring of corporate groups

05 February 2016

Hundreds of bankruptcy judges gathered in Miami in September where they discussed, among other things, emerging ideas for the restructuring of multinational corporate groups – including why the pope could be an excellent allocator of assets.