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

Hong Kong court adjourns “spiteful” winding-up to aid restructuring

Hong Kong court adjourns “spiteful” winding-up to aid restructuring

A Hong Kong court has adjourned a winding-up petition filed against a Bermudian solar energy company “in a fit of spite”, allowing provisional liquidators to continue to pursue a restructuring in the meantime.

Cannabis producer files CCAA after class actions commenced in US and Canada

Cannabis producer files CCAA after class actions commenced in US and Canada

A Canadian cannabis producer and its subsidiaries have filed CCAA proceedings in Ontario, after multiple securities class actions were brought against the company in Canada and the United States.

UK judges tweak insolvency practice direction in face of lockdown

UK judges tweak insolvency practice direction in face of lockdown

Electronic administrator appointments, urgent hearings by Skype and looser rules on statutory declarations under oath – UK insolvency judges have issued a temporary practice direction to help them deal with the new normal during the coronavirus lockdown.

Davis Polk helps Digicel present new offers for bondholders

Davis Polk & Wardwell is advising the Irish-owned, Jamaica-headquartered emerging markets telecoms group Digicel, which has announced a series of exchange offers to bondholders with a view to pursuing schemes in Bermuda.

Covid-19: What measures has the French government put in place?

Alexandra Szekely, partner at French litigation boutique Le 16 Law, examines the measures introduced by the French government to stave off large-scale corporate collapses in response to the covid-19 pandemic.

Distressed transactions specialist joins Stroock in New York

Stroock & Stroock & Lavan’s restructuring team has gained a partner with a name in US distressed transactions, having worked on department store Sears’ section 363 sale and on divestments for SunEdison.

ABI International, Paris: “Why can’t we all just get along?”

ABI International, Paris: “Why can’t we all just get along?”

The UNCITRAL model law on recognition of insolvency-related judgments could “fix” the impact caused by the decisions in Rubin and Gibbs if enacted in the UK, panellists at the ABI’s international conference in Paris have said.