Latham hires from Linklaters again
Following its hire of Bruce Bell in London, Latham & Watkins is adding a second Linklaters partner in as many months, this time in Madrid.
Australia’s highest court will now hear Cape Town Convention question
Australia’s highest court will now consider what it means to “give possession” under the Cape Town Convention, having granted an application for special leave to appeal a dispute over who should pay for the return of jet engines leased by Virgin Airlines.
Norwegian Air restructuring approved in Oslo
An Oslo court has approved Norwegian Air’s restructuring plan after parallel schemes of arrangement were sanctioned in Ireland, paving the way for it to eliminate about US$3.6 billion of debt.
MoFo advising as Wirecard seeks US recognition
The German administrator of scandal-hit payment processor Wirecard has asked a Pennsylvania court to recognise its Munich-based insolvency and to block securities litigation pending in the US.
Chilean car importer seeks support for pre-pack
Chilean car importer Automotores Gildemeister has commenced solicitation for a pre-packaged Chapter 11 process to reduce its debt by over US$200 million, after restructuring its senior notes in 2019 and 2016.
Brazil’s Samarco files for bankruptcy amid bondholder suits
Mining company Samarco Mineração has filed for judicial reorganisation in Brazil after bondholder litigation in the US and Brazil scuppered restructuring negotiations held in the aftermath of two environmental disasters.
Features
ABLI & INSOL: Is Singapore a good alternative for Indonesian companies?
Lawyers from Singapore and Indonesia compared the pros and cons of their jurisdictions for international restructurings featuring Indonesian companies, at a webinar organised by the Asian Business Law Institute and INSOL International.
The rise in debt for equity swaps structured through Jersey
Partner Bruce MacNeil and managing associate James Lydeard at Ogier observe what makes the use of Jersey-incorporated acquisition and holding vehicles attractive for international restructuring transactions featuring debt for equity swaps, amid the emergence of a growing trend.
Community
Kirkland makes rare US lateral hire
Kirkland & Ellis's restructuring practice has made its first lateral hire in the US for more than a decade, taking a partner from Skadden Arps Slate Meagher & Flom.
Community roundup: Shearman & Sterling, Kroll, FTI Consulting and EY
Shearman & Sterling has continued its London expansion while FTI Consulting has strengthened its Madrid and Abu Dhabi offices, Kroll has promoted four new managing directors in the UK, and EY has hired in Bermuda.
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Q3 2020
Smoking hot: Canada Worked Out • Names to know in Canada • No guarantees: Tiger Resources Unpacked • Heads-Up: David Fleming at Duff & Phelps in Manchester • Using a scheme to unlock value for all creditors • Altair Asia • Legal liberalisation and the covid-19 pandemic • Abu Dhabi Global Ma...
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