Global Restructuring Review - Cross-border restructuring and insolvency legal news, features and events

European think tank calls for bilateral insolvency agreement post-Brexit

European think tank calls for bilateral insolvency agreement post-Brexit

The Conference of European Restructuring and Insolvency Law has warned of an “uncoordinated and unaligned patchwork of domestic laws” in EU and UK restructuring and insolvency post-Brexit, calling for a bilateral agreement between the two.

Bankrupt Irish tycoon files Chapter 15 to stay former nurse’s breach of contract claim

The bankruptcy trustee of an Irish former billionaire and rugby star has sought US Chapter 15 recognition of his Bahamian insolvency proceedings to stop the reopening of a civil case brought by the bankrupt’s former personal nurse for unpaid debts.

Litigation funder to wind up in Guernsey

Litigation funder to wind up in Guernsey

Guernsey-based investment fund Juridica, which claimed to be the “first significant litigation funder”, is preparing to wind itself up following several disappointing litigation outcomes.

Brazil's Constellation gets interim US court protection

A New York judge has granted “urgently needed” interim relief to Brazilian oil and gas driller Serviços Petróleo de Constellation, to ward off creditors as it struggles to restructure a nearly US$1.5 billion in debt.

“I will get something resolved”: Hong Kong’s justice secretary Teresa Cheng on insolvency reform

Hong Kong’s Secretary for Justice Teresa Cheng SC has told GRR she is “determined” to resolve the gaps in the special administrative region’s legislative framework with a new package of measures.

Selinda Melnik: 1951-2018

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.

GRR Live Hong Kong: Harris J on mutual recognition and pushback on Singapore moratoria

GRR Live Hong Kong: Harris J on mutual recognition and pushback on Singapore moratoria

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.