NMC Health’s UAE entities have been placed into administration in Abu Dhabi’s financial free zone, after successfully applying for protection against enforcement of debt claims this weekend.
A US appeals court has ordered certain customers who unwittingly gained from the Bernie Madoff Ponzi scheme to hand their profits to the scheme’s liquidating trustee, finding they are not protected by the US Bankruptcy Code.
Lawyers who worked on Argentina’s US$65 billion international debt restructuring reflect on the challenges and achievements of the deal, highlighting the activation of collective action clauses as a key ingredient for its successful outcome.
Winston & Strawn has hired a new restructuring partner in New York, while CMS has expanded its finance offering and Goodwin has strengthened its private equity group in London.
The Singapore Court of Appeal has upheld a directorship disqualification for Jason Kardachi, leader of Borrelli Walsh’s restructuring practice in south-east Asia, after the Registrar of Companies struck off four companies he …
A slew of Brazilian law firms and one Spanish outfit have helped telecoms operators TIM, Telefónica and Claro make a US$3 billion binding stalking-horse bid to jointly buy Oi’s mobile services business, …
Partner Stephen Alexander and associate Max Galt at Mourant in Jersey set out why a traditionally creditor-friendly offshore jurisdiction like Jersey, with its commercially minded and flexible Royal Court, would still benefit from introducing a statutory reorganisation process.
Hogan Lovells partner Evan Koster and associate Juan Moreno investigate the use of aggregated collective action clauses in the recent restructurings of Ecuador and Argentina, describing them as an “important development” in the restructuring process of sovereigns.
Katten Muchin Rosenman has continued its recent hiring spree with the addition of partner Michaela Crocker from Jones Day in Dallas.
The former head of Baker McKenzie’s German restructuring practice has moved to Dentons in Berlin.
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