Adversary claim

Marme interest claim falls under Insolvency Regulation, not Brussels recast

Interest claims brought by ING Bank against Santander in London belong in Madrid an English judge has ruled, in a case she described as “more complex” than previous ones pitting the EU’s Insolvency Regulation against the recast Brussels Regulation.

23 December 2020

Intelsat’s former 5G spectrum rollout partner sets out US$1.8 billion claims

A case of “corporate desperation, greed and dishonesty” is how the one-time partner of bankrupt satellite company Intelsat has framed alleged bad faith and breach of contract claims that it has been allowed to bring against the debtor in a two-week trial next June.

08 December 2020

Dean & DeLuca brings avoidance claim against former Japanese JV partner

A Delaware-registered arm of bankrupt Thai-owned upmarket grocer Dean & DeLuca has filed an adversary claim in New York against its former Japanese joint venture partner and an affiliate, arguing they took advantage of the grocer’s insolvency to buy shares at a steep discount.

04 December 2020

Neiman Marcus sues creditors committee co-chair over bid “coercion”

Luxury department store chain Neiman Marcus is suing its largest unsecured creditor, which the US trustee has accused of coercing a rival bidder into dropping its interest in a Chapter 11 asset acquisition.

28 August 2020

Paragon shareholder again fails to challenge UK-US restructuring

A former shareholder of oil services company Paragon, who failed repeatedly to challenge its Chapter 11 plan, has now failed to challenge its UK administration too.

22 July 2020

Ocean Tankers owners file court application to remove Rajah & Tann

The owners of Singaporean shipping company Ocean Tankers have applied to the city-state’s High Court to remove Rajah & Tann as counsel to its interim judicial managers EY.

15 July 2020

Get unlimited access to all Global Restructuring Review content