Madoff trustee agrees US$860 million recovery settlement with feeder fund liquidators

The liquidating trustee of Bernard Madoff’s investment firm has reached an US$860 million clawback settlement with the liquidators of two British Virgin Islands-registered feeder funds.

Akin Gump hires from Stroock & Stroock in NY

Akin Gump Strauss Hauer & Feld has hired a new partner in New York from Stroock & Stroock & Lavan.

Changes, hopes and fears: China and Hong Kong Worked Out

GRR presents the latest in our Worked Out series, this time profiling China and Hong Kong. With headwinds including an extraordinary non-performing loan load, slowing growth, political tensions locally, and a trade war with the US, restructuring professionals in China and Hong Kong are getting ready for what’s around the corner.

Clifford Chance hires in NY from Davis Polk

Clifford Chance has hired a new partner in New York from Davis Polk & Wardwell.
Singapore venture fund enters judicial management

A Singaporean court has placed a local venture fund under judicial management, after hearing that its former managers allegedly withheld financial information to depress the company’s value and yield a lower recovery for shareholders.
English court rejects second IVA after good faith breach

An English judge has ordered a British property tycoon into bankruptcy after four years of proceedings, refusing to adjourn for his second proposed individual voluntary arrangement where the largest creditor would be voting for an outcome it had little interest in.

Features

Restructuring in Turkey: A new paradigm?

White & Case partners Ian Wallace in London and Güniz Gökçe in Istanbul, and local partner Ateş Turnaoğlu in Istanbul, discuss the outlook for restructuring in Turkey.

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Community

Three new judges for Singapore High Court

Three new judges have been appointed to Singapore’s High Court, all with some insolvency experience.

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Data & Surveys

GRR 100 2018

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Conference Reports

GRR Live-Latin Lawyer, New York: The “unique” case of Venezuela's sovereign debt

The “astonishing” diversity of Venezuela’s US$150 billion debt pile means its potential sovereign debt workout will be unlike any seen before, the opposition government’s adviser Lee Buchheit has said, as he raised scepticism about state oil company PDVSA entering Chapter 15 bankruptcy in the US.

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