English court orders transfer of Russian billionaire’s luxury yacht to ex-wife

A Russian billionaire’s ex-wife, who has been pursuing a £453 million divorce award, has successfully used English insolvency law to take hold of his US$487 million luxury yacht.

Texas’ Charming Charlie exits Chapter 11 as Nine West submits plan

US jewellery and accessories retailer Charming Charlie has emerged from Chapter 11 bankruptcy, while shoe brand Nine West has filed a plan in New York.

Latest Lehman costs decision departs – in part – from the norm

In the latest costs decision arising out of the UK Lehman administration, the English High Court has departed from its usual stance of costs being borne by the estate, ruling that a portion of the Waterfall IIC case resembled an adversarial commercial litigation more than a matter of general concern in aid of the administrators.

Mexico’s Oro Negro seeks Chapter 15 relief

A Mexican oil rig lessor has filed for US Chapter 15 bankruptcy relief, accusing its main client and bondholders of tortious interference.

English court orders transfer of Russian billionaire’s luxury yacht to ex-wife

Texas’ Charming Charlie exits Chapter 11 as Nine West submits plan

Latest Lehman costs decision departs – in part – from the norm

Mexico’s Oro Negro seeks Chapter 15 relief

Toys “R” Us finds buyers for central European and Canadian stores

Toys “R” Us has reached deals to rescue its stores in Germany, Austria and Switzerland and Canada, a month after announcing the closure of all of its UK and US stores.

Harvey Weinstein seeks discovery from bankruptcy court to “exonerate himself” from sexual misconduct claims

Disgraced movie producer Harvey Weinstein has asked a Delaware bankruptcy judge to order the studio he co-founded to turn over emails he says will “exonerate” him from accusations of sexual misconduct.

Washington, DC: IWIRC recognises “remarkable” members at spring conference

The International Women’s Insolvency & Restructuring Confederation has handed out its annual founders awards to members from Singapore and Chicago at its spring conference in Washington, DC.

Singapore court clarifies approach to winding up quasi-partnerships

A Singapore court has refused to wind up three companies at the centre of a cross-border family dispute, clarifying its approach to winding up quasi-partnerships after the death of a shareholder.
Stephenson Harwood partner kicks off term as R3 president

Stephenson Harwood partner Stuart Frith, who worked on the insolvencies of Lehman Brothers and several UK football teams, is the new president of British insolvency trade association R3.
Barnes & Thornburg hires three in California

US firm Barnes & Thornburg has hired three attorneys including partner Ali Mojdehi from Cooley in its Los Angeles and San Diego offices.

Features

An interview with Judge Martin Glenn

Judge Martin Glenn of the US Bankruptcy Court for the Southern District of New York met with GRR in the Big Apple last November, to discuss his experiences of cross-border cooperation and court-to-court communication, and highlight some of the important work being carried out by UNCITRAL’s insolvency working group.

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