Former OW Bunker trustee joins Copenhagen boutique

Plesner partner Pernille Bigaard, the former trustee in bankruptcy of shipping fuel supplier OW Bunker, has left the firm to join restructuring boutique Sundgaard.

Spanish building materials company files for bankruptcy amid asbestos claims

Spain’s largest cement and asbestos company has filed for voluntary insolvency after litigation by former workers and residents near the company’s factory impeded its ability to secure liquidity.

“The epitome of a cross-border restructuring”: Noble Unpacked

A Bermuda-incorporated company, listed in Singapore, with a centre of main interest (COMI) in Hong Kong and operations across the world, commodities trader Noble Group was always going to be challenging to reorganise. In the latest in GRR’s Unpacked series, the practitioners tasked with solving this US$3.5 billion puzzle discuss how disgruntled shareholders, regulatory interventions and a disgruntled ex-employee’s blog made Noble’s restructuring one for the ages.

Paul Hastings hires Winston & Strawn pair

The head of Winston & Strawn’s restructuring practice, Justin Rawlins, has joined Paul Hastings in Los Angeles along with fellow Winston partner Phil Ratner in New York.
UK crypto casualty files for California Chapter 15

A UK-headquartered cryptocurrency exchange has filed a Chapter 15 petition in San Francisco after a cyber-theft plunged the company into administration.
Swiss jeweller embroiled in “Luanda Leaks” files for bankruptcy

A jewellery company linked to Angolan billionaire Isabel dos Santos has begun bankruptcy proceedings in Switzerland and the US.

Features

Heads-Up: Ian Mann and Chai Ridgers at Harneys in Hong Kong

“If you can use your ingenuity to identify how stakeholders will benefit from the restructuring, you will get past the lack of a legal framework.” Offshore firm Harneys’ Asia managing partner Ian Mann and head of restructuring in Asia Chai Ridgers speak to GRR about China Agrotech, commodities and restructuring without a cross-border framework in Asia.

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