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

Unpacked: How did they solve a problem like Mriya?

Unpacked: How did they solve a problem like Mriya?

GRR looks back at the restructuring of Ukrainian farming conglomerate Mriya: how counsel got it across the line against a backdrop of more than US$1 billion in debt, expiring land leases, a former owner accused of embezzlement, a convoluted corporate structure spread across Ukraine and Cyprus, and – in its darkest hours – armed men in fields trying to seize assets by force.

GRR Awards 2019 – litigation

GRR Awards 2019 – litigation

The list of nominees for “Most significant restructuring or insolvency-related litigation” at the GRR Awards 2019 is out.

Jersey court distributes Yugoslav refinancing trust assets to successor states

Jersey court distributes Yugoslav refinancing trust assets to successor states

A Jersey court has ended a 15-year deadlock over how to split the assets of a former Yugoslav state-owned trust among five of the country’s successor states, in the tale of a sovereign debt refinancing waylaid by war.

International Insolvency Forum, St Petersburg: Building bridges with UNCITRAL

International Insolvency Forum, St Petersburg: Building bridges with UNCITRAL

The UNCITRAL Model Law on Enterprise Group Insolvency will be ready for adoption in July, the commission’s secretary Anna Joubin-Bret has said.

  • GRR Awards 2019 - jurisdiction

    GRR Awards 2019: the nominees for the “Jurisdiction of the year” award are now online.

  • Ferrier Hodgson appointed over lossmaking Hyflux asset

    As Singaporean water treatment company Hyflux announces new interest from potential overseas investors, Malaysia’s Maybank has appointed Ferrier Hodgson as receivers over its major asset – a water treatment facility whose lossmaking performance dragged the company into insolvency.

  • Croatia’s Uljanik shipyard enters bankruptcy

    A shipyard in the Croatian city of Pula has entered bankruptcy proceedings after years of struggle, but looks unlikely to receive state support in the form of an emergency restructuring as Agrokor did.

GRR/INSOL Europe Roundtable: What will the post-Brexit insolvency landscape look like?

GRR/INSOL Europe Roundtable: What will the post-Brexit insolvency landscape look like?

Is the UK set to become a “third state” when it leaves the EU? Will insolvency proceedings opened in the UK be recognised by member states? Can UK schemes of arrangement maintain their dominance in the market? And how will legislative changes shape the post-Brexit landscape? GRR invited nine distinguished guests to find out.

GRR Live Singapore: How to turn a bad hand around

GRR Live Singapore: How to turn a bad hand around

Last weekend saw a rare public demonstration in Singapore by retail bondholders who say they've been shut out of the restructuring process for water treatment company Hyflux. Amid news Hyflux’s proposed rescue plan has collapsed, delegates at GRR Live earlier this week shared ideas on how to turn a bad hand in a restructuring into a winning one.