London judge compels evidence in SDNY Kazakh bank litigation

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 hires new managing director

Duff & Phelps has hired a new managing director for its UK and European restructuring advisory practice.

Reliance Communications guilty of contempt after defaulting on Ericsson payment

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.

Quadriga creditor counsel confirmed in Canada

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.
China’s “lack of experienced experts” spurs new Shanghai advisory firm

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.
Singapore court discharges injunction against Mexican proceedings

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.