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European Investment Summit: Greece’s place in the global NPL market

European Investment Summit: Greece’s place in the global NPL market

20 October 2017

As massive new markets emerge in Asia and elsewhere, how can Greece remain relevant to NPL investors? That was the question posed in a keynote presentation by David Edmonds, financial advisory global head at Deloitte, at DDC Financial’s European Investment Summit in Athens last week.

INSOL Europe Warsaw: a “new pragmatist” approach to insolvency

INSOL Europe Warsaw: a “new pragmatist” approach to insolvency

20 October 2017

The EU Commission Directive proposal on preventive restructuring frameworks contains some "extremely useful" measures but could have minimal impact in some member states, according to speakers on the opening panel of INSOL Europe's 2017 congress in Warsaw.

Baker McKenzie hires former Ashurst managing partner in Brisbane

Baker McKenzie hires former Ashurst managing partner in Brisbane

19 October 2017

Baker McKenzie has added John Lobban as an of counsel in its Brisbane restructuring and insolvency team.

GRR Live Hong Kong: Judge-made innovations and the trouble with enforcement in China

GRR Live Hong Kong: Judge-made innovations and the trouble with enforcement in China

19 October 2017

A panel at the inaugural GRR Live in Hong Kong considered the future of schemes of arrangement – and the future availability of other restructuring mechanisms in the special administrative region – against practical realities such as the court’s unwillingness to sanction the use of provisional liquidators solely for restructuring purposes.

SunEdison’s Korean joint venture company loses IP rights after New York ruling

SunEdison’s Korean joint venture company loses IP rights after New York ruling

18 October 2017

A New York bankruptcy court has thrown out a challenge to the termination of a supply and licence agreement between renewable energy company SunEdison and its Korean joint venture company, paving the way for the US company to sell the intellectual property rights to its production processes.

Bahraini and Yemeni banks to face clawback claims in Arcapita Chapter 11 case

Bahraini and Yemeni banks to face clawback claims in Arcapita Chapter 11 case

18 October 2017

A New York bankruptcy judge has rejected a bid by a Bahraini bank and the investment arm of a Yemeni bank to dodge clawback suits in the Chapter 11 proceedings of Bahrain’s Arcapita.

GRR Live Hong Kong in pictures

GRR Live Hong Kong in pictures

18 October 2017

On 17 October, GRR held its first conference in Hong Kong at offices of Freshfields Bruckhaus Deringer, featuring a keynote speech by Hong Kong Companies Court Judge Jonathan Harris.

Vienna: What UNCITRAL did next

Vienna: What UNCITRAL did next

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”.

Australian judge recognises New Zealand receiver in pursuit of student loan debt

Australian judge recognises New Zealand receiver in pursuit of student loan debt

16 October 2017

A judge has granted the official assignee (receiver) of a New Zealand-based personal bankruptcy case powers to investigate, collect and realise the debtor’s property in Australia.

Bermudan court awards costs to Ireland-listed hedge fund after winding-up petition withdrawn

Bermudan court awards costs to Ireland-listed hedge fund after winding-up petition withdrawn

16 October 2017

A Bermudan court has awarded costs to a hedge fund listed on the Irish Stock Exchange after a winding-up petition lodged against it was withdrawn, telling the petitioner’s counsel that she was seeking to argue “an almost impossible position”.

Hong Kong Companies Court Judge Jonathan Harris talks provisional liquidation, recognition – and Tai Chi

Hong Kong Companies Court Judge Jonathan Harris talks provisional liquidation, recognition – and Tai Chi

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.

Dana Gas accused of “an abuse” as UK trial adjourned for last time

Dana Gas accused of “an abuse” as UK trial adjourned for last time

13 October 2017

The England and Wales High Court has again adjourned a trial examining the validity of a US$700 million Islamic bond issued by UAE-incorporated Dana Gas, for what the presiding judge says will be “one final time”.