A US appeals court has prevented a Lehman Brothers unit from recovering payments distributed to noteholders after the bank’s collapse, finding that potential ipso facto clauses would not invalidate a safe harbour provision under the US Bankruptcy Code.
McGuireWoods has added veteran Baker McKenzie restructuring partner James Donnell to its New York and Houston offices.
A Cayman court has declined to extend a worldwide freezing order against China’s Luckin Coffee chain, which entered provisional liquidation in July after confirming it misstated its 2019 accounts.
A Bermuda-registered oil and gas services company with operations in the North Sea and West Africa has sought Chapter 11 protection after failing to reach a deal with its Scandinavian lenders.
The Nevada holding company of a Canada-headquartered cannabis and hemp plant producer has filed for Chapter 11 protection, after covid-19 left it unable to uphold a financing deal with “toxic lenders”.
An Australian court has recognised the Hong Kong bankruptcy estate of an airline pilot, despite expressing concerns over the determination of his centre of main interests.
Bob Wessels, professor emeritus of international insolvency law at Leiden University and expert counsel on restructuring and insolvency to the European Commission, gives his personal observations on the pandemic.
Miami-based Sequor Law shareholder Leyza Blanco and attorney Carolina Goncalves summarise the UNCITRAL Working Group’s Model Law on the Recognition and Enforcement of Insolvency-Related Judgments.
A former Baker McKenzie and Deloitte practitioner has co-founded a new cross-border restructuring boutique focused on special situations and transactions in Switzerland, China and Singapore.
US firm Willkie Farr & Gallagher has hired a new restructuring partner for its London practice from Morrison & Foerster.
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