Cannabis producer files CCAA after class actions commenced in US and Canada

A Canadian cannabis producer and its subsidiaries have filed CCAA proceedings in Ontario, after multiple securities class actions were brought against the company in Canada and the United States.

UK judges tweak insolvency practice direction in face of lockdown

Electronic administrator appointments, urgent hearings by Skype and looser rules on statutory declarations under oath – UK insolvency judges have issued a temporary practice direction to help them deal with the new normal during the coronavirus lockdown.

Davis Polk helps Digicel present new offers for bondholders

Davis Polk & Wardwell is advising the Irish-owned, Jamaica-headquartered emerging markets telecoms group Digicel, which has announced a series of exchange offers to bondholders with a view to pursuing schemes in Bermuda.

Greenberg Traurig restructuring co-chair joins Baker McKenzie

Greenberg Traurig’s global head of restructuring Mark Bloom has left the firm after almost 40 years, taking two colleagues with him to join Baker McKenzie in Miami.
Freshfields, Kirkland take the lead as Debenhams announces possible second administration

Freshfields, Kirkland and CMS have all taken roles as UK department store chain Debenhams announced it may place its key operating companies into a “light touch” administration process.
Singapore oil company wound-up despite debt's arbitration clause

A Singapore court has issued a winding-up order against a local subsidiary of a global oil and gas group, despite the debt in the petition being subject to an arbitration clause.