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

Carey Olsen promotes in Guernsey

Carey Olsen promotes in Guernsey

Offshore firm Carey Olsen has promoted restructuring and insolvency lawyer David Jones to its partnership in the Channel Islands.

DLA Piper, Grant Thornton help Gourmet Burger Kitchen pass CVA

UK burger chain Gourmet Burger Kitchen has shut 14 failing restaurants after seeing through a company voluntary arrangement with DLA Piper and Grant Thornton.

Bankrupt helicopter-leasing company strikes sale agreement

Bankrupt helicopter-leasing company strikes sale agreement

An Irish helicopter-leasing company backed by vehicles of George Soros and Michael Dell is seeking a New York bankruptcy court’s approval for a heavily discounted sale of its assets and US$45 million in DIP financing.

Fairfield liquidators to proceed with 305 clawback cases in New York

Fairfield liquidators to proceed with 305 clawback cases in New York

Almost 10 years to the day that convicted fraudster Bernie Madoff was arrested, a US bankruptcy court has allowed three of his investment company’s feeder funds to proceed with 305 adversary claims in New York.

  • Australian court casts off yacht injunction

    The Chapter 7 trustee of luxury private plane operator Zetta Jet has failed to prolong an interim injunction barring a Marshall Islands-registered ship from leaving Australian waters, with a court rejecting arguments that the UNCITRAL Model Law permits foreign companies to seek substantive remedies in Australia.

  • Brinkmann & Partner advising Hansa Heavy Lift in Hamburg insolvency

    German shipping company Hansa Heavy Lift (HHL) has entered preliminary insolvency proceedings in Hamburg, with local firm Brinkmann & Partner providing the administrator.

  • Europe column: Interpreting a no-action clause in a trust deed

    Bob Wessels, professor emeritus of international insolvency law at Leiden University and expert counsel on restructuring and insolvency to the European Commission, discusses the interpretation of a no-action clause in a trust deed, with a focus on the restructuring of the Brazilian telecom group Oi.

Europe column: Modified universalism – what’s in a name?

Bob Wessels, professor emeritus of international insolvency law at Leiden University and expert counsel on restructuring and insolvency to the European Commission, discusses the theory of modified universalism as a way of governing cross-border insolvency, and whether this terminology is correct for the EU.

Selinda Melnik: 1951-2018

Former DLA Piper partner Selinda Melnik, a founder of the International Women’s Insolvency and Restructuring Confederation and its first chair, as well as an active member of GRR’s editorial board, has passed away after a long illness.

GRR Live Hong Kong: Harris J on mutual recognition and pushback on Singapore moratoria

GRR Live Hong Kong: Harris J on mutual recognition and pushback on Singapore moratoria

Mr Justice Jonathan Harris, the judge in charge of Hong Kong’s company law and insolvency law cases, used his keynote at GRR Live to call for a mutual recognition protocol for insolvency orders between mainland Chinese courts and their Hong Kong counterparts, and to raise scepticism over the cross-border moratorium provisions in Singapore’s recent restructuring reforms – the subject of his recent decision in CW Technologies.