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

Features

Asset recovery column: Challenges in cross-border relief and asset recovery as to individuals and holding companies

Asset recovery column: Challenges in cross-border relief and asset recovery as to individuals and holding companies

12 January 2017

Ed Davis and Annette Escobar, founding member and partner at Astigarraga Davis in Miami, discuss some of the challenges in obtaining cross-border relief and asset recovery against individuals and holding companies in Chapter 15 recognition before the US courts.

Singapore’s 3rd Regional Insolvency Conference

Singapore’s 3rd Regional Insolvency Conference

21 December 2016

Look Chan Ho, head of restructuring and insolvency in Asia for Freshfields Bruckhaus Deringer, participated in a panel in September that considered Singapore as an international centre for debt restructuring – and included a timely discussion on the relevance of the hundred-year-old common law Gibbs rule. Here, he discusses developments inside and outside the conference room.

BERLIN: the “new normal” breeds opportunity for NPL restructuring

BERLIN: the “new normal” breeds opportunity for NPL restructuring

19 December 2016

As Europe’s over-leveraged banks scramble to clean up their balance sheets in line with enhanced banking regulation, opportunities abound for non-performing loan (NPL) investors and workout experts, according to speakers at the latest NPL Connect in Berlin.

Europe column: If you’re the IP, I’m the Pifor

Europe column: If you’re the IP, I’m the Pifor

19 December 2016

Bob Wessels, professor emeritus of international insolvency law at Leiden University and expert counsel on restructuring and insolvency to the European Commission, discusses new and proposed European rules for insolvency practitioners and new kid on the block “practioners in the field of restructuring”.

AMSTERDAM: Brexit beauty contest – who will wear the crown?

AMSTERDAM: Brexit beauty contest – who will wear the crown?

09 December 2016

A “Brexit beauty contest” at this year’s 12th Annual ABI International Insolvency & Restructuring Symposium in Amsterdam sized up various European cities as possible contenders for London’s European restructuring hub crown.

Scheming in Hong Kong: court hands down Winsway and Kaisa decisions

Scheming in Hong Kong: court hands down Winsway and Kaisa decisions

25 November 2016

Partner Sue Moore, senior associate James Watson and associate Eloise Fardon of Stephenson Harwood consider two notable decisions of the Hong Kong court handed down during the last week; the first in the matter of Winsway Enterprises Holdings and the second in the matter of Kaisa Group Holdings.

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.