Global Restructuring Review - Cross-border restructuring and insolvency legal news, features and events

English liquidators granted disclosure against Italian licensees under EIR

An English court has issued a disclosure order against two Italian licensees of an insolvent UK fashion company, finding the European Insolvency Regulation gave it jurisdiction to apply section 236 of the Insolvency Act.

Former Lehman Brothers general counsel joins New York investment firm

New York investment firm Pretium has hired former Lehman Brothers general counsel Matthew Cantor as a senior managing director focused on bankruptcy and distressed assets.

UK insolvency bill passes lower house, but airline creditor protections left behind

UK insolvency bill passes lower house, but airline creditor protections left behind

Enhanced protections for airline creditors have been removed from the UK’s new Corporate Insolvency and Governance Bill at its second and third reading in the lower house of Parliament, following lobbying from the airline sector.

ENTREC wins Chapter 15 relief

ENTREC wins Chapter 15 relief

A Canadian heavy haul transportation company has won expedited recognition of its CCAA proceedings, protecting funds secured under the US government’s emergency coronavirus relief legislation.

Substantive consolidation in the upcoming Brazilian Bankruptcy Law reform

Substantive consolidation in the upcoming Brazilian Bankruptcy Law reform

Partner Fabiana Solano and associate Thiago Dias Costa at Felsberg Advogados in Saõ Paulo discuss new rules on substantive consolidation of debtors’ assets in the draft bankruptcy bill pending before Brazil’s Congress. While the new rules offer a clear improvement to the current regime, the authors argue the terms under which they are proposed to apply may result in different interpretations and ongoing uncertainty.

Ropes & Gray hires Kirkland partner in London

A Kirkland & Ellis restructuring partner with credits in the Lehman Brothers, Noble Group and Ocean Rig cases has moved to Ropes & Gray in London.

ABLI/INSOL International: What can Singapore (and the rest of Asia) learn from Japan?

ABLI/INSOL International: What can Singapore (and the rest of Asia) learn from Japan?

Lawyers from Japan and Singapore discussed how debtors are benefiting from new out-of-court and cross-border processes in their respective jurisdictions and predicted that these debtor-friendly tools will be put through their paces amid a covid-19 restructuring surge.