Vneshprombank owner’s property payment not a sham transaction, English court finds

An English court has permitted the former owner of a collapsed Russian bank to make a payment on a London property, dismissing allegations that it was a sham transfer contrary to a freezing order against him.

CVR Global opens Jersey office after Moore Stephens acquisition

Advisory firm CVR Global has opened its third offshore office after acquiring the Moore Stephens restructuring and insolvency team in Jersey.

Three weeks remaining for second Women in Restructuring Survey

Nominations are still open for GRR’s second Women in Restructuring survey, where we hope to highlight the achievements of influential women in the profession.

Steinhoff’s European subsidiaries complete €9bn restructuring

Scandal-hit South African retail group Steinhoff has announced the completion of its €9 billion European restructuring, but the news has failed to stop its share price falling below 1 Rand for the first time.
Jay Alix loses McKinsey racketeering claim

A US judge has dismissed Jay Alix’s racketeering lawsuit against McKinsey & Company, in a blow to the retired AlixPartners founder’s years-long fight over alleged disclosure breaches.
PwC partner appointed for Ghanaian financial “sanitising”

Ghana’s central bank has brought in Accra-based PwC partner Eric Nana Nipha to wind up 23 distressed financial institutions, after identifying them as a risk to the country’s financial sector.

Features

Changes, hopes and fears: China and Hong Kong Worked Out

GRR presents the latest in our Worked Out series, this time profiling China and Hong Kong. With headwinds including an extraordinary non-performing loan load, slowing growth, political tensions locally, and a trade war with the US, restructuring professionals in China and Hong Kong are getting ready for what’s around the corner.

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