Global Restructuring Review - Cross-border restructuring and insolvency legal news, features and events

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

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

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.

Hogan Lovells and Cleary help amend Ecuador’s US$19 billion debt load

Hogan Lovells and Cleary help amend Ecuador’s US$19 billion debt load

Hogan Lovells has helped the Republic of Ecuador and its state-owned oil company Petroamazonas EP reach consent solicitations with creditors to delay debt and interest payments and change the terms and conditions of various series of securities worth a combined US$19 billion.

Substantive consolidation in the upcoming Brazilian Bankruptcy Law reform

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.

Ashurst re-hires Weil Gotshal partner in Melbourne

London-based Weil Gotshal & Manges counsel Alinta Kemeny has moved back to her native Australia to re-join Ashurst in Melbourne.

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

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.