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

Pre-pack pioneer Jay Goffman to leave Skadden

Pre-pack pioneer Jay Goffman to leave Skadden

Jay Goffman, the long-time chair of Skadden Arps Slate Meagher & Flom’s global restructuring group, is set to retire from the firm early next year.

Carey Olsen opens Singapore practice with Harneys hire

Harneys partner James Noble has joined fellow offshore firm Carey Olsen to head its new restructuring practice in Singapore – less than a year after he established Harneys’ practice in the same city.

Stearns exits bankruptcy after judge overrules objections

Having taken advice from outgoing Skadden restructuring co-head Jay Goffman, US mortgage lender Stearns Holdings has exited Chapter 11 after a US judge approved its rescue plan and dismissed objections.

UK government meets crown preference critics after Brexit warning

The UK government has met with insolvency industry groups after they warned its planned revival of crown preference would render its Brexit preparations “incoherent”.

Heads-up: Stephen Moeller-Sally at Ropes & Gray in New York

“While India seems ripe with a lot of opportunity, there’s also a feeling that China is primed for a wave of restructurings": The co-head of Ropes & Gray’s restructuring practice Stephen Moeller-Sally talks to GRR about the professionalisation of distressed investing, the challenge of managing tensions in creditor groups, and why he believes foreign funds are going to be more active in US restructurings.

Clifford Chance hires in Paris

Clifford Chance hires in Paris

Clifford Chance has hired Delphine Caramalli, the former head of European restructuring at Paris boutique Bremond & Associés, as a partner.

GRR Live - IWIRC London: KPMG chief economist opens first Women in Restructuring conference

GRR Live - IWIRC London: KPMG chief economist opens first Women in Restructuring conference

KPMG chief economist Yael Selfin predicted interest rates would remain low for decades, but warned they could leave central banks out of options if there’s a “correction” in the fragmented European bank market, in a keynote that kicked off GRR’s first-ever women’s event co-organised with IWIRC London.