Crédito Real’s Mexican liquidation to be appealed
A Mexican judge has permitted an appeal against lender Crédito Real’s domestic liquidation, as it prepares to fight an involuntary Chapter 11 filing in Delaware a month from now.
Chinese court sanctions restructuring plan for sofa maker
Cayman-registered sofa manufacture Morris Home has received sanction of a restructuring plan in mainland China following financial struggles it blames on US tariffs imposed since 2018.
Cross-border restructurings and the post-Brexit UK regime
Brexit threatened to make the UK a less competitive cross-border restructuring market, McDermott Will & Emery’s co-head of finance, restructuring and special situations Aymen Mahmoud in London and partner Darren Azman in New York write – but the accelerated enactment of the Corporate Insolvency and Governance Act during covid-19 has ensured English law will continue to be a key international player.
Sir David Richards joins UK Supreme Court
Former English High Court and Court of Appeal judge Sir David Richards, who oversaw the cross-border administration processes of Lehman Brothers and finance broker MF Global, has been appointed as a justice …
Events start-up’s parent falls into administration in England
The London-based parent of travel and events start-up Pollen has appointed Kroll directors as its administrators after failing to line up a potential buyer for its pandemic-blighted business.
Paul Hastings partner moves to King & Spalding in New York
King & Spalding has hired a New York-based partner from Paul Hastings who it said will be a “key component” in the international growth of its corporate, finance and investments practice.
Features
Heads-Up: Fiona Huntriss and Neil Pigott at Pallas Partners in London
Fiona Huntriss and Neil Pigott, partners in the London litigation and disputes boutique founded by former Boies Schiller Flexner deputy chair Natasha Harrison in February, tell GRR what it’s like to work in London’s newest law firm, explain why Eastern Europe is an area to watch, and share their thoughts on the UK’s proposals to adopt two new Model Laws from UNCITRAL Group V.
Just and equitable winding up: an underutilised remedy for aggrieved shareholders?
Harneys partner Peter Ferrer and associate Megan Elms consider why the remedy of just and equitable winding up has been used sparingly by aggrieved shareholders in the British Virgin Islands and England and Wales, but highlight recent decisions that show why it remains an important tool that may be used more liberally by the courts going forward.
Community
Hilco Global targets US growth with managing director hires
Financial services group Hilco Global has recruited a new special situations practice leader in Los Angeles and a managing director to grow its disputes team in Chicago.
Howse Williams hires Addleshaw partner in Hong Kong
Howse Williams has hired a litigation partner from Addleshaw Goddard with credits on the restructurings of China’s Peking University and Chinese semiconductor maker Tsinghua Unigroup, as the international firm closes shop in Hong Kong.
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Hong Kong judge applies Peking Founder findings in new keepwell deed dispute
Hong Kong’s Mr Justice Harris has applied his “momentous” findings in Peking Founder’s keepwell deed dispute to a new claim against Chinese semiconductor maker Tsinghua Unigroup, ruling again that deed disputes should be adjudicated in …
Luckin Coffee JPLs: “Trust and transparency was key”
Alvarez & Marsal’s Tiffany Wong and Alex Lawson tell GRR about the challenges they faced as Chinese coffee chain Luckin Coffee’s joint provisional liquidators, how they got the complex restructuring over the line and why …
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