Global Restructuring Review - Cross-border restructuring and insolvency legal news, features and events
A Latvian bank account holder, who tried to transfer money hours before the bank entered insolvency, cannot rely on an EU directive aimed at reducing systemic risk to complete the transfer, the European Court of Justice has ruled.
An Australian lawyer who authored the Personal Insolvency Professionals Association’s code of conduct has been jailed for six years, after stealing A$9 million from a client to fuel his gambling addiction.
The biggest risk to global economic growth is not a trade war or excessive Chinese debt: it’s the US economy, says Matthew Hoffer, managing partner at Swiss advisory firm Spire Strategy.
Australian firm Maddocks is hiring a former K&L Gates partner in Sydney to lead its first insolvency and restructuring team outside of Melbourne.
Bankruptcy courts in Texas and Virginia have jointly ordered the restructuring arm of McKinsey and a special purpose vehicle belonging to AlixPartners founder Jay Alix to mediation, over Alix’s allegations that McKinsey concealed disqualifying financial interests before taking on restructuring instructions.
China has been working hard to develop a distressed debt market in recent years – so much so that it may be the largest single asset class investment opportunity globally, according to one investor. All it needs is buyers.
Cheaper than other financial centres, fast and flexible when necessary and with planned reforms on the horizon; can Cayman compete? GRR investigates
Indonesian turnaround boutique AJCapital Advisory has opened up its first international office in Singapore, hiring KordaMentha’s Luke Furler to lead it.
Mr Justice Jonathan Harris, the judge in charge of Hong Kong’s company law and insolvency law cases, used his keynote at GRR Live to call for a mutual recognition protocol for insolvency orders between mainland Chinese courts and their Hong Kong counterparts, and to raise scepticism over the cross-border moratorium provisions in Singapore’s recent restructuring reforms – the subject of his recent decision in CW Technologies.
Takayuki Maruyama and Naoki Kondo
Low Poh Ling and Wilson Zhu