A decision by former KPMG partners to put café chain Patisserie Valerie into creditors’ voluntary liquidation in late 2019 was valid even though they didn’t consult all creditors, an English court has ruled.
A day after hearing an appeal of drug maker Purdue Pharma’s Chapter 11 plan, a US district judge has asked for more submissions on whether releases for the company’s former owners are “abusive” – noting the Sackler family increased the money they withdrew from the debtor in the decade before it filed for bankruptcy.
Two days after South America’s largest airline LATAM submitted a Chapter 11 plan in New York, one of its Brazilian competitors has backed off from an offer to combine with the Chile-headquartered company.
Electronics entrepreneur Lars Windhorst has failed to overturn the registration of a German judgment in England, in an appeal dealing with the interplay between the EU’s Insolvency Regulation and the Brussels Regulation.
Retired Scottish Court of Session judge Lord Drummond Young told delegates at the International Bar Association’s 26th annual global restructuring conference in Edinburgh that “plagiarism can be very useful” for countries drafting …
Alvarez & Marsal has hired a new managing director in London with experience advising drilling services company Seadrill and South African retailer Edcon.
The head of Alvarez & Marsal’s Asia restructuring practice, Ron Thompson, discusses the differences between onshore and offshore restructuring in China, the impact of the mainland’s new recognition protocol with Hong Kong and the effects of personal bankruptcy reform on the mainland.
English law offers greater protection in insolvency than any other through its trio of “super-priority claims”, argues Philip Wood CBE QC, a special global counsel at Allen & Overy, visiting fellow at Cambridge, author and adviser to lobbying group LegalUK.
The International Women’s Insolvency & Restructuring Confederation has launched its 50th network across the globe with the opening of a new chapter in Mexico.
Ashurst has recruited a partner from Norton Rose Fulbright in Sydney, who has experience advising on the restructurings of mining company Arrium and swimwear brand Seafolly.
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Heads-Up: Khurshid Fazel at Webber Wentzel in South Africa • Heads-Up: Todd Snyder at Piper Sandler in New York • Impact of the recent Gategroup decision on aviation restructurings • Lamtex decision could be "watershed moment" for Hong Kong • On Brexit, the EU and international insolvency law • ...
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