Singapore court suggests reform over maritime lien registration

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”.

Italian court appoints special administrator over bankrupt cryptocurrency exchange

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.

DLA Piper’s Ankri joins Ashurst in Paris

Ashurst has hired DLA Piper partner Noam Ankri in its Paris office.

Indian code’s first avoidance order faces appeal

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.

Singapore court suggests reform over maritime lien registration

Italian court appoints special administrator over bankrupt cryptocurrency exchange

DLA Piper’s Ankri joins Ashurst in Paris

Indian code’s first avoidance order faces appeal

Chemicals company seeks bankruptcy protection in US and Canada

A Montreal-headquartered sustainable chemicals manufacturer has filed for Chapter 11 in Delaware, with plans to begin Canadian proceedings for its Canadian subsidiaries too.

Greenberg Traurig can’t withdraw from Poymanov Chapter 15

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.

Kazakh bank fails to claw back former owner’s gift to son

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.

Singapore court dismisses winding-up as arbitration continues

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.
Online customer in Hong Kong subject to US personal jurisdiction

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.
Oro Negro wins Chapter 15 recognition in New York

Oil rig lessor Perforadora Oro Negro has won Chapter 15 recognition of its Mexican insolvency proceedings, after knocking back a series of creditor objections.

Features

Retail restructuring: The crumbling of brick-and-mortar business

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.

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Community

Ashurst names new partners in Sydney and London

Ashurst has bolstered its global restructuring team with two promotions to partner in Sydney and London.

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Data & Surveys

Women in Restructuring

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Conference Reports

WJ Global Forum, Bucharest: Interview with Lukas Fecker of Innovation Brain

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.

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