Global Restructuring Review - Cross-border restructuring and insolvency legal news, features and events
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”.
16 October 2017
Justice Jonathan Harris of the Hong Kong High Court met GRR in August to discuss some of his recent landmark decisions, particularly Z-Obee and Rennie Produce in which he assisted foreign liquidators.
13 October 2017
New restructuring legislation and the involvement of new types of lenders and advisers earlier in the restructuring process have opened different work opportunities for law firms than were available a decade ago. GRR has analysed data collected during our GRR 100 research to show where restructuring and insolvency departments have been getting their work from in recent years and how this differs from the origins of instructions in the past.
29 September 2017
GRR met Judge Kevin Carey of the US Bankruptcy Court for the District of Delaware at the Association of Insolvency and Restructuring Advisors’ 33rd annual conference and in Dallas, where he talked about how his legacy won’t be a series of written decisions, but the time and skill he expended focusing on bankruptcy cases in the court room – and the insolvency world outside of it.
12 September 2017
Joe Bannister, a partner at Hogan Lovells in London, describes the "rich and thorough exposition" of English insolvency law in a new book by Norton Rose Fulbright consultant Hamish Anderson: a book the author says he wished he'd had early in his career.
04 September 2017
Bob Wessels, professor emeritus of international insolvency law at Leiden University and expert counsel on restructuring and insolvency to the European Commission, discussess the rights and consequences of opting out of group coordination proceedings under the recast European Insolvency Regulation.
16 August 2017
GRR caught up with Judge Robert Drain from the US Bankruptcy Court for the Southern District of New York in April during the American Bankruptcy Institute's annual spring meeting in Washington, DC. There, he discussed historic and future cross-border cooperation against a backdrop of the newly minted Judicial Insolvency Network Guidelines, and the controversial property requirement for making a Chapter 15 application in the US.
31 July 2017
The retail sector is in the midst of a deeply disruptive shift as online shopping increasingly puts its long-term future in peril. Howard Morris, head of the business restructuring and insolvency group at Morrison & Foerster in London, argues that instead of liquidating speedily, retailers should take a leaf out of the insurance industry's book and continue to make profits as they are run down slowly.
11 July 2017
A preventive restructuring framework, adapted in line with the EU’s draft harmonisation directive, could offer better chances for company rescue outside of insolvency proceedings in Germany. The Boston Consulting Group's Simon Wroblewski in Munich, Rüdiger Wolf in Hamburg and Ralf Moldenhauer in Frankfurt, discuss the benefits of future amendments in the third edition of our pre-insolvency column in association with TMA Europe.
28 June 2017
Piotr Bieniasz, finance director at Automatic Systems Engineering in Gdansk, discusses recent changes to Polish pre-insolvency law and the take-up of four new, specially tailored processes in the first year of their application, in our column produced in association with TMA Europe.
08 June 2017
Edward H Davis Jr and Annette C Escobar, founding shareholder and partner at Sequor Law in Miami, discuss some of the challenges that exist in cross-border relief and asset recovery as to individuals and holding companies in the context of Chapter 15 recognition before the US bankruptcy courts.
06 June 2017
Bob Wessels, professor emeritus of international insolvency law at Leiden University and expert counsel on restructuring and insolvency to the European Commission, discussess the role of the group coordinator under the new group provisions in the recast European Insolvency Regulation.