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

Alleged Australian-Israeli tax avoidance scheme exits Chapter 15

Alleged Australian-Israeli tax avoidance scheme exits Chapter 15

A New York court has closed Chapter 15 proceedings for a group of Australian lenders implicated in an alleged international tax avoidance scheme with Israeli banks, after the companies’ liquidators withdrew subpoenas for their directors.

EU directive does not protect account holder’s transfer ahead of bank insolvency

EU directive does not protect account holder’s transfer ahead of bank insolvency

A Latvian bank account holder, who tried to transfer money hours before the bank entered insolvency, cannot rely on an EU directive aimed at reducing systemic risk to complete the transfer, the European Court of Justice has ruled.

Gambling addiction thefts see lawyer jailed

Gambling addiction thefts see lawyer jailed

An Australian lawyer who authored the Personal Insolvency Professionals Association’s code of conduct has been jailed for six years, after stealing A$9 million from a client to fuel his gambling addiction.

US is biggest risk to global economy

US is biggest risk to global economy

The biggest risk to global economic growth is not a trade war or excessive Chinese debt: it’s the US economy, says Matthew Hoffer, managing partner at Swiss advisory firm Spire Strategy.

On the map: Cayman worked out

On the map: Cayman worked out

Cheaper than other financial centres, fast and flexible when necessary and with planned reforms on the horizon; can Cayman compete? GRR investigates

Jakarta boutique opens Singapore arm with KordaMentha hire

Indonesian turnaround boutique AJCapital Advisory has opened up its first international office in Singapore, hiring KordaMentha’s Luke Furler to lead it.

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.

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The Asia-Pacific Restructuring Review 2019

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Japan: Overview

Takayuki Maruyama and Naoki Kondo

Oh-Ebashi LPC & Partners

Singapore: Overview

Low Poh Ling and Wilson Zhu

Rajah Tann Singapore LLP
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2nd Annual GRR Live Offshore

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2nd Annual GRR Live Singapore

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