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

Features

Ronin Development Corporation: an American company which entered into administration in the UK

Ronin Development Corporation: an American company which entered into administration in the UK

22 November 2016

On 7 October 2016 Ashfords' Restructuring and Insolvency Team, led by partner Alan Bennett, successfully obtained an administration order in respect of Ronin Development Corporation . Here Bennett discusses the process by which the company cleared the hurdles for pursuing proceedings in the UK, and ultimately stayed afloat.

Is it the structure? Chinese onshore bankruptcies and offshore bond default

Is it the structure? Chinese onshore bankruptcies and offshore bond default

15 November 2016

Recent harsh results in the onshore bankruptcies of Chinese operating subsidiaries belonging to offshore holding companies have led to market speculation that the fault lies with the PRC’s insolvency system. Mark Fucci and Naomi Moore, partners at Akin Gump Strauss Hauer & Feld in Hong Kong, consider whether this is correct.

Sovereign debt column: What to do about contingent liabilities?

Sovereign debt column: What to do about contingent liabilities?

07 November 2016

Andrew Shutter, partner at Cleary Gottlieb Steen & Hamilton in London, considers the difficult issue of how to deal with the contingent liabilities of a distressed sovereign debtor.

Asset recovery column: Claims and relief available in cross-border bankruptcies – equitable and pre and post-judgment remedies

Asset recovery column: Claims and relief available in cross-border bankruptcies – equitable and pre and post-judgment remedies

07 November 2016

Ed Davis and Annette Escobar, founding member and partner at Astigarraga Davis in Miami, present the pre and post-judgment remedies available via adversary cases in Chapter 15 proceedings before the US Bankruptcy courts.

Bankruptcy in Brazil: Swapping an axe for a scalpel

Bankruptcy in Brazil: Swapping an axe for a scalpel

07 November 2016

GRR’s sister magazine, Latin Lawyer, looked at some of the creative ways Brazil's new bankruptcy law is being used to help companies restructure; what more can be done to make it fit for purpose; and how law firms are positioning themselves to take advantage of a boom in work.

Europe column: EU welcomes the debtor in possession

Europe column: EU welcomes the debtor in possession

07 November 2016

Bob Wessels, professor emeritus of international insolvency law at the University of Leiden, takes a detailed look at the wording within the Recast European Insolvency Regulation and the UNCITRAL Model Law on Cross-Border Insolvency.

San Francisco: IWIRC presents rising star award to former Hong Kong network chair

San Francisco: IWIRC presents rising star award to former Hong Kong network chair

27 October 2016

The International Women’s Insolvency and Restructuring Confederation has presented its 2016 rising star award to the immediate past chair of its Hong Kong network, Stephenson Harwood associate Eloise Fardon, as it sets off on a mission to strengthen its local networks worldwide.

Washington, DC: 15 years of the UNCITRAL Model Law

Washington, DC: 15 years of the UNCITRAL Model Law

21 October 2016

While global take-up of the UNCITRAL Model Law on Cross-Border Insolvency has been slow, an assessment of trends and landmark rulings since the adoption of the US’s Chapter 15 appears to demonstrate confidence in its philosophy.

LONDON: Brexit is hot topic at Pinsents Restructuring Conference

LONDON: Brexit is hot topic at Pinsents Restructuring Conference

12 October 2016

This year’s Pinsent Masons Restructuring and Insolvency Conference examined the anticipated implications of Brexit for the restructuring and insolvency legal landscape, with a focus on the UK’s role as a forum for cross-border restructuring.

LISBON: Risky business

LISBON: Risky business

27 September 2016

A panel in Portugal considered last week what tools are available to help insolvency practitioners manage risks for investors in cross-border insolvencies, discussing the pros and cons of market analyses prepared by major financial institutions, as well as cross-border enforceability opinions obtained by the financial industry.

Too big to resolve? The BRRD’s uneasy Italian landing

Too big to resolve? The BRRD’s uneasy Italian landing

12 September 2016

In the wake of the first assessment of the vulnerability of Europe’s banks since late 2014, GRR explores what Italy’s wrangles with a pile-up of non-performing loans reveal about the challenges of a single resolution directive applied across the EU’s diverse banking systems.

A golden age for China’s bankruptcy law?

A golden age for China’s bankruptcy law?

02 September 2016

Year-on-year drops in economic growth and a ballooning debt bubble have placed China in a debt-to-GDP “danger zone”, similar to Japan in the late 1980s, and the UK and US ahead of 2008. With a banking crisis potentially on the horizon, the International Insolvency Institute (III) gathered a selection of speakers from around the world to examine the challenges facing China and its trading partners in this new era.