Global Restructuring Review - Cross-border restructuring and insolvency legal news, features and events
06 November 2015
In a precedent-setting decision, a Canadian appeals court has ruled that unsecured bondholders in the defunct multinational telecoms operator Nortel will...
29 October 2015
Kelly Naphtali has left Lipman Karas to join Kirkland & Ellis as a partner in Hong Kong.
26 October 2015
Australian firm Corrs Chambers Westgarth has appointed Michelle Dean as special counsel in its Perth office.
26 October 2015
Canadian mining company Besra Gold has filed for protection under Canada’s Bankruptcy and Insolvency Act (BIA), as it seeks to restructure its gold mining operations in Vietnam and Malaysia.
23 October 2015
An EU court has dismissed claims by a group of bondholders against the European Central Bank over the Greek sovereign debt restructuring of 2012, ordering them to pay costs and ruling that their losses were a normal consequence of making an obviously risky investment.
21 October 2015
Insolvent Canadian payday loans company Cash Store has filed for chapter 15 protection in New York, winning a stay against a host of court proceedings on both sides of the border, including a federal securities lawsuit launched by a Japanese shareholder.
20 October 2015
An Italian fossil fuel trader has filed for bankruptcy protection in a Delaware court to safeguard it from US civil suits launched by Danish creditors.
16 October 2015
Japanese bulk shipping line Daiichi Chuo Kisen Kaisha has filed for bankruptcy protection in Tokyo, New York, Toronto and Sydney as it moves to restructure over $1 billion in debt.
15 October 2015
A US judge who presided over the 2011 municipal bankruptcy of Jefferson County, Alabama, has retired from the bench and joined law firm Bailey & Glasser as a partner in Washington, DC.
14 October 2015
Courts in Guernsey and Jersey have ordered an insolvent shipping group to pool the liquidated assets of two companies registered in different isles – the first time a successful cross-border pooling application has been brought in the Channel Islands.
07 October 2015
A UK court has issued a rare decision on wrongful trading under the Insolvency Act 1986, ordering two former directors of a Robin Hood-themed tourist attraction to pay compensation to its liquidators.
01 October 2015
A US court has demanded that Paul Weiss Rifkind Wharton & Garrison hand over privileged information from an internal investigation the law firm oversaw for China Medical Technologies (CMED) to the company’s liquidator.