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

IBRC loan guarantor seeks discovery, wants Chapter 15 case left open as back-up for negligence claims

An Irish-American businessman has asked the Delaware bankruptcy court for permission to obtain discovery from the Chapter 15 foreign representatives of the Irish Bank Resolution Corporation (IBRC), so he can pursue negligence claims against the institution in Ireland.

Singapore court suggests reform over maritime lien registration

Italian court appoints special administrator over bankrupt cryptocurrency exchange

DLA Piper’s Ankri joins Ashurst in Paris

Indian code’s first avoidance order faces appeal

Chemicals company seeks bankruptcy protection in US and Canada

A Montreal-headquartered sustainable chemicals manufacturer has filed for Chapter 11 in Delaware, with plans to begin Canadian proceedings for its Canadian subsidiaries too.

Greenberg Traurig can’t withdraw from Poymanov Chapter 15

A bankruptcy judge has refused to allow Greenberg Traurig to stop representing a company set up by a former Russian businessman in his personal Chapter 15 case, despite the firm’s protests that it hasn’t communicated with or received payment from their client in months.

Kazakh bank fails to claw back former owner’s gift to son

An English appeals court has ruled that a Kazakh bank cannot use the UK’s insolvency statute to recover its former owner’s £1.1m transfer to his son.

Retail restructuring: The crumbling of brick-and-mortar business

Retail apocalypse, retail graveyard, the “zombie high street”: call it what you like; things aren’t looking good for brick-and-mortar retailers. Drawing on exclusive interviews and discussions at industry events and examining specific cases in the UK and elsewhere, GRR’s Jessica McKay explores why an increasing number of retailers are facing financial difficulties, assesses the tools available to restructure them, and gathers predictions for the path that lies ahead.

Ashurst names new partners in Sydney and London

Ashurst has bolstered its global restructuring team with two promotions to partner in Sydney and London.

WJ Global Forum, Bucharest: Interview with Lukas Fecker of Innovation Brain

GRR sat down with one of the most prominent outside participants in Romania’s non-performing loan market, Lukas Fecker. He discussed why the country is a safer investment bet than other eastern European states - and why reviving companies is a whole new sector that’s here to stay.