Global Restructuring Review - Cross-border restructuring and insolvency legal news, features and events
A Canadian cannabis producer and its subsidiaries have filed CCAA proceedings in Ontario, after multiple securities class actions were brought against the company in Canada and the United States.
Electronic administrator appointments, urgent hearings by Skype and looser rules on statutory declarations under oath – UK insolvency judges have issued a temporary practice direction to help them deal with the new normal during the coronavirus lockdown.
Davis Polk & Wardwell is advising the Irish-owned, Jamaica-headquartered emerging markets telecoms group Digicel, which has announced a series of exchange offers to bondholders with a view to pursuing schemes in Bermuda.
Greenberg Traurig’s global head of restructuring Mark Bloom has left the firm after almost 40 years, taking two colleagues with him to join Baker McKenzie in Miami.
Freshfields, Kirkland and CMS have all taken roles as UK department store chain Debenhams announced it may place its key operating companies into a “light touch” administration process.
A Singapore court has issued a winding-up order against a local subsidiary of a global oil and gas group, despite the debt in the petition being subject to an arbitration clause.
Alexandra Szekely, partner at French litigation boutique Le 16 Law, examines the measures introduced by the French government to stave off large-scale corporate collapses in response to the covid-19 pandemic.
Stroock & Stroock & Lavan’s restructuring team has gained a partner with a name in US distressed transactions, having worked on department store Sears’ section 363 sale and on divestments for SunEdison.
The UNCITRAL model law on recognition of insolvency-related judgments could “fix” the impact caused by the decisions in Rubin and Gibbs if enacted in the UK, panellists at the ABI’s international conference in Paris have said.