Shook Lin & Bok advising on construction restructuring

A Singaporean construction company has retained Shook Lin & Bok and KordaMentha after admitting it could no longer continue as a going concern.

Amazon iron ore mine restructuring approved

A São Paulo court has approved the restructuring of a Brazilian iron ore mine after six years of closure, with Pinheiro Neto advising a syndicate of banks.

Singapore Post’s US subsidiaries file Chapter 11 in Nevada

A Singaporean postal services provider’s struggling US e-commerce businesses have filed for Chapter 11 protection in Nevada after failing to find buyers over the last six months.

Debenhams CVA survives landlords’ challenge

Landlords challenging UK department store Debenhams’ company voluntary arrangement have failed on four out of five grounds, with the court preserving the CVA but ordering it to be amended where it blocks the landlords’ right to forfeiture.
French Nortel arm to end administration amid Brexit concerns

One of the French arms of Nortel Networks is set to end its decade-long administration, after the High Court of England and Wales granted a termination and discharge application.
Madoff feeder fund settlement approved in BVI

A “monumental” US$860 million clawback settlement, between the liquidating trustee of Bernard Madoff’s investment firm and the liquidators of two British Virgin Islands feeder funds, is a step closer to approval after being signed off by a BVI court.

Features

Asset recovery column: Globalisation catches up with the US insolvency courts

Shareholder Leyza Blanco and attorney Christopher Noel from Sequor Law in Miami discuss recent developments in coordination and communication between courts handling cross-border insolvencies.

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Community

Retired Delaware judge Kevin Carey heads to Hogan Lovells

Former Delaware bankruptcy judge Kevin Carey is heading to Hogan Lovells following his retirement from the bench.

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As provisional liquidators for the disgraced UAE private equity fund Abraaj look to complete the sale of its assets in multiple emerging markets, advisers working on the case hailed the vital role of cross-border collaboration in preserving the assets’ value.

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