Global Restructuring Review - Cross-border restructuring and insolvency legal news, features and events
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.
11 May 2017
José Carles of Carles Cuesta Abogados in Spain praises a 2016 commentary on the European Insolvency Regulation edited by Reinhard Bork and Kristin van Zwieten – hailing the arrival of what will be a key text for practitioners in the coming years as the recast regulations are implemented.
02 May 2017
Ed Davis and Annette Escobar, founding member and partner at Sequor Law in Miami, present the methods available under US law, common law and in Brazil’s bankruptcy legislation to seek relief against parties not initially named as debtors in Chapter 15 proceedings.
28 April 2017
When GRR surveyed counsel to discuss how global banks could hope to keep pace with constantly changing regulations on capital buffers, it soon became clear that the banks’ own innovations aimed at raising loss-absorbing debt have outpaced the rate of reform.
27 April 2017
The recast European Insolvency Regulation will bring in new jurisdictional provisions for actions that either derive from, or are closely linked to, insolvency proceedings in the EU. Bob Wessels, professor emeritus of international insolvency law at Leiden University and expert counsel on restructuring and insolvency to the European Commission, welcomes the changes and discusses how they can be further improved.
24 April 2017
Cuatrecasas partner Ignacio Buil in London and senior associate Carlos Ara in Barcelona office give an account of recent case law developing around the so-called “Spanish scheme of arrangement”, as part of a new pre-insolvency column produced in association with members of TMA Europe.
21 April 2017
Carlyn Taylor, global co-leader of FTI Consulting's corporate finance and restructuring segment, was named Woman of the Year 2016 by the International Women's Insolvency and Restructuring Confederation (IWIRC) late last year. In an interview complementing our Women in Restructuring survey, she talked to GRR about cutting her teeth in the telecoms restructuring boom of the late 1990s, mentoring younger women in the industry and balancing work with family life.