Global Restructuring Review - Cross-border restructuring and insolvency legal news, features and events
Clifford Chance has hired Delphine Caramalli, the former head of European restructuring at Paris boutique Bremond & Associés, as a partner.
The Hong Kong Court of Appeal has upheld a bankruptcy order against a former petroleum company chairman, after ruling that a US$30 million debt he owes to a Vietnamese government-owned entity was not covered by an arbitration clause.
The first-ever GRR Live – IWIRC London Women in Restructuring conference was held on 7 November at Painters’ Hall in London. Click on the headline for pictures from the event.
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.
GRR recognised three influential women in cross-border restructuring and insolvency’s past, present and future, at an awards ceremony on 7 November following the first GRR-IWIRC Women in Restructuring conference.
Charles Russell Speechlys has promoted Jason Freedman to partner in its corporate restructuring and insolvency group in London.
“I’m a big believer in Sir Isaac Newton’s law that what goes up, must come down.” The long-time chair of Fried Frank’s restructuring and insolvency practice, Brad Eric Scheler, tells GRR about the “magic” of distressed investing, how his firm uses restructuring as a client gateway to other practice areas, and why he believes restructuring lawyers are the last of the Renaissance lawyers.
Mayer Brown has recruited Sheena Frazer from DLA Piper as counsel in its London restructuring, bankruptcy and insolvency practice.
Chief restructuring officers can usually expect defensiveness, minimal access to information and to be treated as a “possible spy in the camp” by the company boards they are coming in to advise, CROs in London have warned, sharing war stories.