Global Restructuring Review - Cross-border restructuring and insolvency legal news, features and events
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.
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.
The UK government has met with insolvency industry groups after they warned its planned revival of crown preference would render its Brexit preparations “incoherent”.
The joint trustees of Ji-Chuen Jason Tsai, a “thoroughly dishonest” bankrupt Taiwanese-British businessman, have applied for Chapter 15 recognition to track his real estate assets in the US.
Brazil and Argentina are likely to become the first Latin American jurisdictions to adopt the Judicial Insolvency Network’s guidelines on court-to-court communication, delegates heard at an event put on by the American Bankruptcy Institute last week.
A week after taking the lead role in the Mothercare administration, Kirkland & Ellis has been retained by the joint administrators of rival UK-based baby care retailer Mamas & Papas and by struggling restaurant group Pizza Express.
“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 has hired Delphine Caramalli, the former head of European restructuring at Paris boutique Bremond & Associés, as a partner.
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.