Former Lehman Brothers general counsel joins New York investment firm

New York investment firm Pretium has hired former Lehman Brothers general counsel Matthew Cantor as a senior managing director focused on bankruptcy and distressed assets.

UK insolvency bill passes lower house, but airline creditor protections left behind

Enhanced protections for airline creditors have been removed from the UK’s new Corporate Insolvency and Governance Bill at its second and third reading in the lower house of Parliament, following lobbying from the airline sector.

ENTREC wins Chapter 15 relief

A Canadian heavy haul transportation company has won expedited recognition of its CCAA proceedings, protecting funds secured under the US government’s emergency coronavirus relief legislation.

UK retailer secures interim winding-up injunction under covid-19 proposals

In the first written judgment of its kind, an English court has blocked the presentation of a winding-up petition brought by a landlord against a high street retailer, relying on proposed government measures to protect businesses impacted by covid-19.
Carillion loses pre-action disclosure bid as KPMG negligence suit looms

The liquidator of collapsed British construction group Carillion has lost a bid to force its former auditors, KPMG, to disclose documents ahead of a planned £250 million negligence suit.
Keen-Summit Capital Partners adds former IWIRC chair as MD

Former IWIRC chair Jennifer Meyerowitz has joined the real estate restructuring advisory firm Keen-Summit Capital Partners as a managing director, from its Colorado sister company.

Features

Substantive consolidation in the upcoming Brazilian Bankruptcy Law reform

Partner Fabiana Solano and associate Thiago Dias Costa at Felsberg Advogados in Saõ Paulo discuss new rules on substantive consolidation of debtors’ assets in the draft bankruptcy bill pending before Brazil’s Congress. While the new rules offer a clear improvement to the current regime, the authors argue the terms under which they are proposed to apply may result in different interpretations and ongoing uncertainty.

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Community

Ropes & Gray hires Kirkland partner in London

A Kirkland & Ellis restructuring partner with credits in the Lehman Brothers, Noble Group and Ocean Rig cases has moved to Ropes & Gray in London.

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Data & Surveys

GRR 100 2019

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Conference Reports

ABLI/INSOL International: What can Singapore (and the rest of Asia) learn from Japan?

Lawyers from Japan and Singapore discussed how debtors are benefiting from new out-of-court and cross-border processes in their respective jurisdictions and predicted that these debtor-friendly tools will be put through their paces amid a covid-19 restructuring surge.

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