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

No sweet treats for Candey: UK firm denied success fees in Peak Hotels debacle

No sweet treats for Candey: UK firm denied success fees in Peak Hotels debacle

Recognising foreign liquidation proceedings does not turn them into a liquidation under the UK Insolvency Act for the purpose of claiming success fees, the English High Court has ruled.

London judge compels evidence in SDNY Kazakh bank litigation

London judge compels evidence in SDNY Kazakh bank litigation

Three Panama companies that have accused Kazakhstan’s sovereign wealth fund of using a state-controlled bank’s restructuring to “siphon off” funds, have convinced a London court to compel testimony for their New York litigation.

Duff & Phelps hires new managing director

Duff & Phelps has hired a new managing director for its UK and European restructuring advisory practice.

Reliance Communications guilty of contempt after defaulting on Ericsson payment

Reliance Communications guilty of contempt after defaulting on Ericsson payment

India’s Supreme Court has found telecoms operator Reliance Communications and its chairman Anil Ambani guilty of contempt of court for “wilfully” defaulting on a debt owed to Sweden’s Ericsson.

On the map: Cayman worked out

On the map: Cayman worked out

Cheaper than other financial centres, fast and flexible when necessary and with planned reforms on the horizon; can Cayman compete? GRR investigates

Duff & Phelps expands in Asia with Zolfo Cooper acquisition

Duff & Phelps expands in Asia with Zolfo Cooper acquisition

New York-headquartered consultancy firm Duff & Phelps has expanded its footprint in the Greater China region, with the acquisition of restructuring and insolvency boutique Zolfo Cooper Asia.

Greater China Restructuring Forum: Hong Kong “charging ahead” with proposed corporate rescue procedure

Greater China Restructuring Forum: Hong Kong “charging ahead” with proposed corporate rescue procedure

Hong Kong’s Financial Secretary Paul Chan says the special administrative region is “charging ahead” with its proposed corporate rescue procedure and plans to introduce a bill into the Legislative Council this year.