Global Restructuring Review - Cross-border restructuring and insolvency legal news, features and events
Three Panama companies that have accused Kazakhstan’s sovereign wealth fund of using a state-controlled bank’s restructuring to “siphon off” funds, have convinced a London court to compel testimony for their New York litigation.
Duff & Phelps has hired a new managing director for its UK and European restructuring advisory practice.
India’s Supreme Court has found telecoms operator Reliance Communications and its chairman Anil Ambani guilty of contempt of court for “wilfully” defaulting on a debt owed to Sweden’s Ericsson.
Canadian law firms Miller Thomson and Cox & Palmer have been named representative counsel to creditors of bankrupt cryptocurrency exchange Quadriga CX, beating several firms vying for the job.
Former Zolfo Cooper managing director and shareholder Lillian Zhang has set up a new Shanghai-based advisory firm, YWK Consulting, and spoke to GRR about her plans to take advantage of “emerging opportunities” in China’s restructuring industry.
A Singaporean court has refused to reinstate ex parte injunctions it issued last year against a set of Mexican insolvency proceedings on bad faith grounds – the latest step in an ongoing multi-jurisdictional fight for control of a set of oil rigs in the Gulf of Mexico.
Cheaper than other financial centres, fast and flexible when necessary and with planned reforms on the horizon; can Cayman compete? GRR investigates
New York-headquartered consultancy firm Duff & Phelps has expanded its footprint in the Greater China region, with the acquisition of restructuring and insolvency boutique Zolfo Cooper Asia.
Hong Kong’s Financial Secretary Paul Chan says the special administrative region is “charging ahead” with its proposed corporate rescue procedure and plans to introduce a bill into the Legislative Council this year.
Takayuki Maruyama and Naoki Kondo
Low Poh Ling and Wilson Zhu