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

Conference reports

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.

MIAMI: It’s good to talk - court-to-court communication in cross-border bankruptcy proceedings

MIAMI: It’s good to talk - court-to-court communication in cross-border bankruptcy proceedings

14 January 2016

Judges from Bermuda, Ireland and the UK met their US counterparts in Miami in September to discuss the history of court-to-court cooperation in bankruptcy proceedings – with Bermuda’s “common law, common sense” approach in the absence of statutory provisions being widely praised.

MIAMI: IWIRC tackles energy sector woes and public debt

MIAMI: IWIRC tackles energy sector woes and public debt

14 January 2016

Nearly 200 women in insolvency and restructuring met in Miami last autumn, where they discussed the regulatory and financing problems at the root of the beleaguered energy industry and considered whether Puerto Rico’s debt crisis could really benefit from a restructuring under Chapter 9 of the US Bankruptcy Code like Detroit’s.

CAPE TOWN: Africa roundtable examines how to improve secured lending

CAPE TOWN: Africa roundtable examines how to improve secured lending

14 January 2016

Restoring financial sector stability through effective insolvency regimes was the theme of the 2015 Africa Roundtable organised by INSOL International and the World Bank, where discussions also focused on ways to enhance secured lending to African companies. Rick Chesley, a partner and US co-chair of the restructuring practice at DLA Piper, reports from South Africa.

BERLIN: Bear Market

BERLIN: Bear Market

13 January 2016

“Berlin is proof that something new and beautiful can arise after a collapse,” said INSOL Europe’s outgoing president, Robert van Galen of NautaDutilh, as he addressed a record number of delegates at the organisation’s annual congress in the city in October – a fitting place to host a meeting of insolvency experts as Germany prepared to celebrate the 25th anniversary of its reunification.