An Australian litigation funder has obtained a Cayman winding-up order against a client that had its arbitral award sequestered in Albania, after withdrawing enforcement proceedings in Canada.
“Many people are going to be sympathetic to the plight of those forced into potential insolvency by the pandemic, but the reality is there'll be lots of restructurings.” Simon Bushell, co-founding partner at Seladore Legal in London, discusses his career as a disputes lawyer specialising in cross-border fraud and asset recovery – and his recent use of cross-border insolvency tools with the aim of helping a Russian bankruptcy trustee realise assets across Europe.
A police force in India has been condemned for its unfamiliarity with insolvency law as the country’s Supreme Court ordered it to release Jaypee Infratech’s interim resolution professional from custody, following a fatal accident on a highway operated by the company.
An Australian woman’s US$1.2 million claim in a skin care manufacturer’s US bankruptcy has been thrown out after a California district court reversed the recognition of an Australian judgment.
Landlords challenging the defunct Regis CVA will not get a chance to argue that it’s unfair for uncompromised creditors to bind compromised creditors, after the High Court in London found a late …
KPMG has sold its UK restructuring arm to a new company set up by alternative investment firm HIG Europe, tapping advice from Herbert Smith Freehills.
Collas Crill recently brought a novel, successful application to appoint receivers over a promissory note and reconstitute a breach of a Jersey trust in the context of a bitter international family dispute. Group partners Sam Williams and Simon Hurry, who respectively brought the application, and led a team on behalf of the receivers in world-wide enforcement and recovery proceedings, discuss this first instance of a Jersey Court appointing receivers in …
Bob Wessels, professor emeritus of international insolvency law at Leiden University and expert counsel on restructuring and insolvency to the European Commission, comments on a hotly topical debate.
Recently established Spanish insolvency boutique Kepler-Karst has hired sovereign debt expert Professor Rodrigo Olivares-Caminal, chair of banking and finance law at Queen Mary University of London, as counsel.
Simmons & Simmons has hired Bryan Cave Leighton Paisner’s EMEA head of restructuring in London, labelling the practice area “an investment priority” for the firm.
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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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