Global Restructuring Review - Cross-border restructuring and insolvency legal news, features and events
A Singapore appeals court has called for legislative reform over the legal status of non-registered liens on sub-freights, saying an issue thrown up in a vessel operator's liquidation laid bare a “tension between maritime and insolvency practitioners”.
An Italian court has appointed a special administrator over bankrupt cryptocurrency exchange platform BitGrail, following an application made by a Norwegian national representing thousands of the platform’s users, with advice from the law firm BonelliErede.
Ashurst has hired DLA Piper partner Noam Ankri in its Paris office.
Construction company Jaiprakash Associates will appeal the first avoidance order passed under India’s new Insolvency and Bankruptcy Code, which ordered it to return 759 acres of land to its insolvent subsidiary.
A Montreal-headquartered sustainable chemicals manufacturer has filed for Chapter 11 in Delaware, with plans to begin Canadian proceedings for its Canadian subsidiaries too.
A bankruptcy judge has refused to allow Greenberg Traurig to stop representing a company set up by a former Russian businessman in his personal Chapter 15 case, despite the firm’s protests that it hasn’t communicated with or received payment from their client in months.
An English appeals court has ruled that a Kazakh bank cannot use the UK’s insolvency statute to recover its former owner’s £1.1m transfer to his son.
A Singaporean shipping company has won dismissal of winding-up proceedings filed against it by a Bermudian shipowner, by citing a dispute over the debt that has escalated to arbitration in London.
A foreign online customer of a bankrupt wine supplier is subject to personal jurisdiction in the United States, according to a fraudulent transfer ruling in a Californian bankruptcy court.
Oil rig lessor Perforadora Oro Negro has won Chapter 15 recognition of its Mexican insolvency proceedings, after knocking back a series of creditor objections.
Retail apocalypse, retail graveyard, the “zombie high street”: call it what you like; things aren’t looking good for brick-and-mortar retailers. Drawing on exclusive interviews and discussions at industry events and examining specific cases in the UK and elsewhere, GRR’s Jessica McKay explores why an increasing number of retailers are facing financial difficulties, assesses the tools available to restructure them, and gathers predictions for the path that lies ahead.
Ashurst has bolstered its global restructuring team with two promotions to partner in Sydney and London.
GRR sat down with one of the most prominent outside participants in Romania’s non-performing loan market, Lukas Fecker. He discussed why the country is a safer investment bet than other eastern European states - and why reviving companies is a whole new sector that’s here to stay.
Takayuki Maruyama and Naoki Kondo
Low Poh Ling and Wilson Zhu