Zipmex secures moratoria extension in Singapore
Crypto group Zipmex has secured an extension of its Singaporean moratoria, but a local judge criticised its advisers for failing to keep the court informed of developments at its Indonesian subsidiary.
S&P Global credit outlook report predicts doubling default rates as recessions loom in mid-2023
Economies that have exhibited short-term resilience to increasingly difficult macro-economic circumstances may begin to buckle in mid-2023, a new report from ratings agency S&P Global predicts, as sovereign states and banks find it hard to manoeuvre the current strains on credit.
Hong Kong court applies Global Brands Group COMI criteria to assist BVI liquidators
Applying his “landscape-changing” decision in Global Brands Group, Mr Justice Harris has recognised the British Virgin Islands liquidators of a joint venture company formed by Chinese property developers Yuzhou Group and Chengdu Ruizhuo Real Estate to buy a real estate project in southwestern China's Sichuan province.
Addleshaw Goddard partner moves to Ashurst in Hong Kong
Ashurst has hired a new partner to its Hong Kong office as part of its plans to capture “rapidly growing” opportunities and client demands in Asia, two months after launching a risk …
Jersey court recognises English bankruptcies of former TV boss couple
The English bankruptcy trustees for two directors of a collapsed outside broadcast equipment provider, who stand accused of orchestrating what might be the UK’s biggest ever fraud in asset-backed lending, have secured …
Hong Kong’s Look Chan Ho called to English Bar
Cross-border insolvency specialist and Hong Kong-qualified barrister Look Chan Ho has been called to the Bar of England and Wales.
Features
Effective cross-border restructuring in a modern commercial world: time for an alternative to the rule in Gibbs?
It may be time for an alternative to the rule in Gibbs, says Scott Atkins, president of INSOL International and Australian chair at Norton Rose Fulbright, as he examines recent jurisprudence on the 130-year-old rule from around the common law world, and the potential impact – or lack thereof – that the UK’s contemplated implementation of the UNCITRAL Model Law on the Recognition and Enforcement of Insolvency-Related Judgments will have …
Europe column: COMI and ascertainability by third parties
Bob Wessels comments on Lord Justice Lewison’s concurring opinion in the recent English Court of Appeal centre of main interests decision in East-West Logistics v Melars Group.
Community
Kroll adds two more to London practice
Kroll has added two senior partners to its London team, from advisory firm BDO, and property consultancy Allsop.
Omni Bridgeway recruits Stephenson Harwood partner in Hong Kong
Australia-headquartered litigation funder Omni Bridgeway has boosted its offering in Asia with the hire of one of GRR’s recently named “40 under 40” from Stephenson Harwood in Hong Kong.
Global Restructuring Review is the only news and analysis service with a laser focus on cross-border restructuring and insolvency law.
Unlock unlimited access to all Global Restructuring Review content
Most read
Editor's picks
Hong Kong judge applies Peking Founder findings in new keepwell deed dispute
Hong Kong’s Mr Justice Harris has applied his “momentous” findings in Peking Founder’s keepwell deed dispute to a new claim against Chinese semiconductor maker Tsinghua Unigroup, ruling again that deed disputes should be adjudicated in …
Luckin Coffee JPLs: “Trust and transparency was key”
Alvarez & Marsal’s Tiffany Wong and Alex Lawson tell GRR about the challenges they faced as Chinese coffee chain Luckin Coffee’s joint provisional liquidators, how they got the complex restructuring over the line and why …
GRR 100
Events
Tools
