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Oil explorer in receivership in Alberta files for Chapter 15 protection in Utah

Oil explorer in receivership in Alberta files for Chapter 15 protection in Utah

08 November 2017

The receiver of a Canadian oil sands exploration and development company that was building a tar sands project in Utah has filed a Chapter 15 petition in the state, after a Luxembourgish creditor successfully petitioned to place the company into receivership in Alberta.

UK court dismisses German businessman’s bankruptcy petition despite English COMI

UK court dismisses German businessman’s bankruptcy petition despite English COMI

07 November 2017

The High Court in London has thrown out a bankruptcy petition filed by the German co-founder of a defunct UK-based management consultancy, finding that while his centre of main interests was in England, he was not insolvent at the time of the filing.

Oi management and creditors face new impasse as regulator asks to see revised plan

Oi management and creditors face new impasse as regulator asks to see revised plan

07 November 2017

Confidential settlement negations between the management of Brazilian telecoms company Oi and major creditor groups have come to an end without a deal, as bondholders rejected a plan support agreement approved by the company’s board that must now be presented to Brazil’s telecoms regulator.

US court withdraws contempt order against Israeli law firm in Ampal dispute

US court withdraws contempt order against Israeli law firm in Ampal dispute

07 November 2017

A New York bankruptcy court has vacated a contempt order it issued against an Israeli law firm last month, ruling that it lacked personal jurisdiction over the firm under New York’s civil practice regulations.

Odebrecht’s oil and gas group files Chapter 15 case to close US$5 billion deal

Odebrecht’s oil and gas group files Chapter 15 case to close US$5 billion deal

06 November 2017

Brazilian oil services company Odebrecht Óleo e Gás has filed for Chapter 15 protection in New York, in a bid to implement a US$5 billion debt restructuring agreement that was sanctioned by a court in Rio de Janeiro last month.

Harneys restructuring head joins Ogier in Cayman Islands

Harneys restructuring head joins Ogier in Cayman Islands

03 November 2017

Ogier has recruited Marc Kish, the former head of insolvency and litigation at offshore rival Harney Westwood & Riegels, to lead its insolvency practice in the Caribbean and Asia.

ABI International: America Now! Part one

ABI International: America Now! Part one

03 November 2017

A panel of American lawyers sitting in Ireland discussed why foreign companies in distress are increasingly choosing the US as the destination for their restructuring – and told delegates how to ensure they get their case heard in an American bankruptcy court once they’ve chosen the US as a jurisdiction.

Boston firm Choate hires former Morgan Lewis partner

Boston firm Choate hires former Morgan Lewis partner

03 November 2017

Boston’s Choate Hall & Stewart has added former Morgan Lewis & Bockius partner Mark Silva to its finance and restructuring team.

GRR Live, New York: Home court advantage

GRR Live, New York: Home court advantage

02 November 2017

Panellists at the first GRR Live event in New York discussed whether jurisdictional competition for control of global insolvency proceedings is a positive development, taking in subjects from forum shopping to "Brexit" and recent developments at UNCITRAL.

Canadian technology company files Chapter 15 case in California

Canadian technology company files Chapter 15 case in California

02 November 2017

A Canadian technology firm has filed for Chapter 15 protection in California, in a bid to stop US trade creditors from asserting liens over goods in their possession and to stay existing lawsuits already pending against it in Wisconsin and Missouri.

Chemicals subsidiaries of Italian plastics company file Chapter 11 case

Chemicals subsidiaries of Italian plastics company file Chapter 11 case

01 November 2017

Subsidiaries of Italian plastics company Mossi Ghisolfi have filed for Chapter 11 protection in the US to gain access to a US$100 million debtor-in-possession (DIP) financing facility that will allow them to sell off an unfinished Texan plant.

Rothschild names new restructuring heads in North America

Rothschild names new restructuring heads in North America

01 November 2017

Global advisory firm Rothschild & Co has promoted Homer Parkhill and Stephen Antinelli to co-heads of its North America restructuring practice.