Mexican loan to own retailer Grupo Famsa has applied for bankruptcy protection in Mexico along with Chapter 15 recognition, after the loss of its banking licence derailed its Chapter 11 process.
Advisory firm Duff & Phelps has recruited one of Australia’s most experienced restructuring and insolvency practitioners for its new Sydney office.
The Hong Kong Court of Appeal has upheld a lower court’s refusal to block the winding-up of a mainland Chinese conglomerate – but overturned its ruling on the requirements for winding-up foreign companies.
London-headquartered foreign exchange company Travelex has completed its restructuring after joint administrators from PwC were brought in to sell some of the group’s UK entities to its senior secured noteholders.
New York-based teams from Weil Gotshal & Manges and Milbank have helped global cinema chain AMC Entertainment finalise an out of court restructuring, after facing opposition from first lien lenders.
US firm Pillsbury Winthrop Shaw Pittman has bolstered its insolvency and restructuring practice, hiring two veteran partners in New York.
Bob Wessels, professor emeritus of international insolvency law at Leiden University and expert counsel on restructuring and insolvency to the European Commission, gives his personal observations on the pandemic.
Miami-based Sequor Law shareholder Leyza Blanco and attorney Carolina Goncalves summarise the UNCITRAL Working Group’s Model Law on the Recognition and Enforcement of Insolvency-Related Judgments.
Osler, Hoskin & Harcourt has hired a partner from Toronto firm Aird & Berlis with experienced in the energy, cannabis and steel manufacturing sectors.
London firm Seddons has recruited a partner from Brown Rudnick with credits on the cross-border restructurings of Arcapita, Lehman Brothers and Toys R Us.
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