Fairfield Sentry wins BVI costs appeal in Madoff claim sale dispute

Madoff feeder fund Fairfield Sentry has won a costs appeal in the Caribbean’s highest court absolving it from paying for an opponent’s expert witness, after its fortunes changed in a dispute over the sale of its claims against the Ponzi scheme’s estate.

Lehman Brothers’ English scheme recognised in New York

A scheme of arrangement proposed by the joint-administrators of Lehman Brothers’ main trading arm in Europe has been recognised and enforced in New York, one day after it was sanctioned by an English court.

UAE’s Abraaj enters provisional liquidation in the Cayman Islands

The Grand Court of the Cayman Islands has accepted a provisional liquidation application from developing markets investor Abraaj Holdings, after two of the Dubai-headquartered company’s creditors made winding up orders against it in the wake of allegations it mishandled investors' funds.

Oi's Brazilian plan gains recognition in US

One of Latin America’s biggest restructurings will be enforced in the US after a New York court issued a Chapter 15 order recognising telecom company Oi’s US$20 billion plan.

Fairfield Sentry wins BVI costs appeal in Madoff claim sale dispute

Lehman Brothers’ English scheme recognised in New York

UAE’s Abraaj enters provisional liquidation in the Cayman Islands

Oi's Brazilian plan gains recognition in US

ABI, Washington, DC: Why do foreign companies choose Chapter 11?

Many debtors around the world have sought protection under the wing of the US Bankruptcy Code’s Chapter 11, taking advantage of its expansive jurisdictional ambit. But is it right for everybody?

Lehman Brothers’ European arm secures “momentous” scheme sanction in UK

In what was described by lawyers as a “momentous day” in London, the High Court has sanctioned a scheme of arrangement proposed by the administrators of Lehman Brothers’ main trading arm in Europe, signalling the end of a decade’s worth of litigation.

GRR Live Offshore, Grand Cayman: Is Ocean Rig the Cayman cure-all, and other questions

With bold new precedents established in Ocean Rig, and planned restructuring law reforms on the horizon, Cayman practitioners considered how they square against the competition in the battle to win cross-border work, at the inaugural GRR Live Offshore.

GRR Live Offshore - in pictures

GRR's first ever offshore event attracted important names from New York, London, Hong Kong, Singapore, Chile and of course, the host jurisdiction, the Cayman Islands. Click on the headline for photos from the day.
AHAB appeals in Saad dispute

The Saudi conglomerate at the centre of “one of the largest Ponzi schemes in history” is appealing a Cayman Islands ruling that dismissed US$4 billion worth of fraud claims , accusing the Grand Court of reaching conclusions that “were not supported by evidence”.
Madoff trustee reaches settlement with feeder fund

The trustee liquidating Bernard Madoff’s company has reached a US$280 million settlement with one of the scheme’s earliest investors, marking “another win” for the Ponzi-operator’s victims.