Global Restructuring Review - Cross-border restructuring and insolvency legal news, features and events
UK burger chain Gourmet Burger Kitchen has shut 14 failing restaurants after seeing through a company voluntary arrangement with DLA Piper and Grant Thornton.
An Irish helicopter-leasing company backed by vehicles of George Soros and Michael Dell is seeking a New York bankruptcy court’s approval for a heavily discounted sale of its assets and US$45 million in DIP financing.
Almost 10 years to the day that convicted fraudster Bernie Madoff was arrested, a US bankruptcy court has allowed three of his investment company’s feeder funds to proceed with 305 adversary claims in New York.
The Chapter 7 trustee of luxury private plane operator Zetta Jet has failed to prolong an interim injunction barring a Marshall Islands-registered ship from leaving Australian waters, with a court rejecting arguments that the UNCITRAL Model Law permits foreign companies to seek substantive remedies in Australia.
German shipping company Hansa Heavy Lift (HHL) has entered preliminary insolvency proceedings in Hamburg, with local firm Brinkmann & Partner providing the administrator.
Bob Wessels, professor emeritus of international insolvency law at Leiden University and expert counsel on restructuring and insolvency to the European Commission, discusses the interpretation of a no-action clause in a trust deed, with a focus on the restructuring of the Brazilian telecom group Oi.
Bob Wessels, professor emeritus of international insolvency law at Leiden University and expert counsel on restructuring and insolvency to the European Commission, discusses the theory of modified universalism as a way of governing cross-border insolvency, and whether this terminology is correct for the EU.
Former DLA Piper partner Selinda Melnik, a founder of the International Women’s Insolvency and Restructuring Confederation and its first chair, as well as an active member of GRR’s editorial board, has passed away after a long illness.
Mr Justice Jonathan Harris, the judge in charge of Hong Kong’s company law and insolvency law cases, used his keynote at GRR Live to call for a mutual recognition protocol for insolvency orders between mainland Chinese courts and their Hong Kong counterparts, and to raise scepticism over the cross-border moratorium provisions in Singapore’s recent restructuring reforms – the subject of his recent decision in CW Technologies.
Takayuki Maruyama and Naoki Kondo
Low Poh Ling and Wilson Zhu