Global Restructuring Review - Cross-border restructuring and insolvency legal news, features and events
White & Case has promoted nine lawyers with restructuring experience to its partnership in the US, Europe and Asia.
An Australian judge has stayed a trust dispute filed by a bankrupt “obsessive litigant”, the latest in a “disgraceful” string of vexatious lawsuits he has filed.
A recent amendment to India’s Insolvency and Bankruptcy Code that prevents creditors from filing proceedings based on time-barred claims has retroactive effect, according to a Supreme Court ruling in Delhi.
Pre-teen accessories retailer Claire’s Stores has emerged from its Chapter 11 bankruptcy, with the company's court-confirmed third amended plan of reorganisation going into effect this week.
Two FRP Advisory partners have been appointed joint administrators of Bloodhound Programme, a UK company established to build the world’s fastest car.
All GRR subscribers can now access content written by leading lawyers around the world, comparing the law and practice in their respective jurisdictions - with our new Getting the Deal Through plugin.
A decade ago, on 15 September 2008, Lehman Brothers Holdings filed the biggest Chapter 11 filing in history, plunging the world into an economic vortex from which it has still not fully escaped. Douglas Thomson investigates the legacy that the collapsed bank left on cross-border insolvency law and what the next “Lehman” might look like.
Harneys has hired partner Paul Smith from DLA Piper to join it in the Cayman Islands, while Hong Kong senior associate David Smith – no relation – has left the firm to become a barrister in Australia.
A Singaporean judge has questioned whether the doctrine of separate legal personality as an unshakeable principle should be re-examined when restructuring multinational corporate groups – and raised a “fascinating twist” to the concept of synthetic secondary proceedings as a way of managing cross-border insolvencies.
Takayuki Maruyama and Naoki Kondo
Low Poh Ling and Wilson Zhu