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

FTI adds Iain Graham from PwC

FTI Consulting has appointed financial adviser Iain Graham as a managing director of its London corporate finance and restructuring practice.

Second Circuit throws out Madoff feeder complaint

Sea Trucks' liquidators sell ships to raise cash for cross-border recoveries

Guernsey scheme of arrangement gets court greenlight

Delaware court approves Takata Chapter 11 plan after deal with injured drivers

Steinhoff appoints former KPMG heavyweight to lead restructuring efforts

South African retail conglomerate Steinhoff has appointed former KPMG global restructuring head Richard Heis as chief restructuring officer as it attempts to stabilise following a potential accounting scandal.

Stroock adds New York restructuring partner from Kasowitz

New York restructuring partner Daniel Fliman has left Kasowitz Benson Torres to join Stroock & Stroock & Lavan.

Essar Steel auction to test India’s new insolvency law

Luxembourgish and Russian-backed companies have emerged as competing bidders for insolvent steelmaker Essar Steel India, in what counsel to one of the potential buyers says will be a “milestone, precedent-setting” auction for the country’s year-old insolvency law.

BRRD: Challenges to Europe’s resolution ambitions

With the past year bringing new challenges to the EU’s Bank Resolution and Recovery Directive, GRR investigates why some bank restructurings appear to have followed the directive more closely than others – and what opposition to certain resolutions has demonstrated about the ability of European authorities to achieve their goals.

VIDEO: GRR lifetime achievement award - Bruce Leonard 1944-2017

The late Bruce Leonard, founder of the International Insolvency Institute (III), received posthumous honours at GRR's Charity Awards on 21 June, in the form of a poignant film tribute recorded a few days earlier at a meeting of the very organisation he helped found.

ABI, New York: Jurisdictional dilemmas for Brazilian and US bankruptcy courts

Speakers at the ABI’s Cross-Border Insolvency Programme in New York discussed some recent jurisdictional dilemmas before Brazilian and US bankruptcy courts as regards the opening of proceedings for foreign-registered companies, the termination of contracts and third party releases.