Brazilian mining group seeks recognition in Miami

The foreign representative of a Brazilian limestone mining group has applied for Chapter 15 recognition of its liquidation in Miami, after finding it had entered several “questionable” transactions and agreements.

CW Group’s Cayman COMI shift recognised in Singapore

A Singapore court has recognised engineering company CW Group Holdings’ Cayman court-appointed provisional liquidators, accepting for the first time that their appointment had shifted the company’s centre of main interests.

Fund manager enters Chapter 11 to halt award enforcement

An alternative investment manager advised by Pachulski Stang Ziehl & Jones has filed for bankruptcy, seeking shelter from an arbitration award in favour of the creditors of one of its hedge funds, which collapsed during the global financial crisis.

New group insolvency law proposed for India

In what has been described as a “yet another path-breaking development” for the country, a working group set up by the Insolvency and Bankruptcy Board of India has published its proposals for a new group insolvency law.
US attorney sanctioned in Russian Chapter 15 case

A New York bankruptcy court has sanctioned a US lawyer for “brazenly” violating a discovery order against his client, a Russian businesswoman jailed for embezzling US$2 billion from a now-bankrupt bank.
Chinese billionaire files US$3.6 billion Chapter 11 pre-pack

A Chinese billionaire technology investor has applied for Chapter 11 protection in Delaware, proposing to restructure one of his companies to deal with US$3.6 billion worth of personal debt.

Features

Heads-up: Brad Eric Scheler at Fried Frank in New York

“I’m a big believer in Sir Isaac Newton’s law that what goes up, must come down.” The long-time chair of Fried Frank’s restructuring and insolvency practice, Brad Eric Scheler, tells GRR about the “magic” of distressed investing, how his firm uses restructuring as a client gateway to other practice areas, and why he believes restructuring lawyers are the last of the Renaissance lawyers.

More Features