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

GRR Awards 2019 – all the shortlists in full

Kyriaki Karadelis

30 May 2019

GRR Awards 2019 – all the shortlists in full

El Palace, Barcelona (Credit: El Palace)

With just over two weeks to go until the GRR Awards 2019, we thought we would quickly re-cap on all the matters that have been nominated and are in with a chance of winning on the night.

The GRR Awards 2019 will take place in the beautiful El Palace Hotel in Barcelona on 15 June, one night before the opening reception for the International Insolvency Institute’s 19th Annual Conference.

Starting at 7pm with a networking reception followed by a seated dinner, the ceremony will see trophies awarded in 11 categories celebrating the people, places and matters that made an impression in the cross-border restructuring and insolvency sector over the past year.

In addition to the 11 awards categories, we will be revealing the top 30 firms in the GRR 100 2019 – our annual guide to approved cross-border insolvency and restructuring law firms – which will be presented to the wider public on the morning of Monday 17 June.

Over the past few weeks we have steadily revealed detailed shortlists of nominees for 10 of the categories, including: “Noteworthy Spanish restructuring matter”, “Most important cross-border recognition decision”, “Innovation in cross-border insolvency”, “Cross-border cooperation in a specific restructuring or insolvency matter”, “Jurisdiction of the year”, “Most significant restructuring or insolvency-related litigation”, “Diversity in restructuring”, the law firms that impressed and the “Non-law advisory firm that impressed”.

All of the nominees are now listed below, at a glance. If you have any questions relating to nominated matters, please don’t hesitate to get in touch with us via

We will also be revealing the recipient of our annual “Lifetime achievement award” in the coming days.

Full details of the GRR Awards 2019, as well as photos from last year, and directions for how to book a place are available on our event website.

All profits from the GRR Awards go to the Swawou Layout Community Primary School for Girls in Sierra Leone, which was established in 2008 by GRR’s parent company, Law Business Research, to offer free primary education to girls from disadvantaged homes in Kenema town, eastern Sierra Leone.

Noteworthy Spanish restructuring matter

Abengoa SA April 2019 restructuring 

Isolux Corsán Group, Mercantile Court of Madrid 2019 homologation decision

Celsa Group restructuring

Banco de Sabadell, project Makalu 

Fomento de Construcciones y Contratas (FCC), Aqualia sale and debt pay off 

Distribuidora Internacional de Alimentación (Dia) restructuring 

Most important cross-border recognition decision

Oi US enforcement decision – Judge Sean Lane, US Bankruptcy Court for the Southern District of New York, 15 June 2018.

In re Agrokor dd – Judge Martin Glenn, US Bankruptcy Court for the Southern District of New York, 24 October 2018.

ENNIA Caribe Holding NV et al – Judge Martin Glenn, US Bankruptcy Court for the Southern District of New York, 20 December 2018.

Re: Zetta Jet Pte Ltd and others (Asia Aviation Holdings Pte Ltd, intervener) – Justice Aedit Abdullah, Singapore High Court, 4 March 2019. 

H&C S Holdings – ICC Judge Clive Jones, High Court of England and Wales, 25 March 2019.

Gunel Bakhshiyeva v Sberbank of Russia & Ors – Lord Justice HendersonLord Justice Lewison and Lord Justice Baker, Court of Appeal of England and Wales, 18 December 2018.

Toisa – ICC Judge Catherine Burton, England and Wales Insolvency and Companies Court, 29 March 2019.

In the matter of Videology Limited – Mr Justice Snowden, England and Wales High Court, 16 August 2018.

In the matter of an Application by Paul Pretlove as Liquidator of FCI Markets Inc – Justice Ali Al Madhani, Dubai International Financial Centre (DIFC) Courts, 25 March 2019.

In the matter of an application for recognition and assistance by the Trustee in Bankruptcy of Japan Life Co, Ltd – Justice Jonathan Harris, Hong Kong High Court, 25 March 2019.

In the Matter of China Fishery Group Limited - Justice Jonathan Harris, High Court of Hong Kong, 14 January 2019.

Yukos Finance – Vice president CA StreefkerkCouncilor TH Tanja-van den Broek, Councilor CE du Perron, Councilor MJ Kroeze and Councilor CH Sieburgh, Dutch Supreme Court, 18 January 2019.

Innovation in cross-border restructuring and insolvency

Interserve PLC 

Concordia International Corp 

Oi SA judicial reorganisation

Steinhoff International Holdings NV (SEAG and SFHG CVAs) 

Noble Group Limited 

Schahin II Finance Cayman scheme 

Mriya Agro Holding 

Paperchase CVA introducing turnover rents 

Woodbridge Group money-now liquidity facility 

Gibson Brands Inc post-petition financing 

Takata Corporation/Key Safety Systems acquisition and restructuring 

Cross-border cooperation in a specific restructuring or insolvency matter

Aegean Marine Petroleum Network Inc

Oi SA judicial reorganisation

Toys “R” Us Inc 

Danaos Corporation 

Isolux Corsán Group’s Brazilian restructuring 

FullBeauty Brands Inc 


Jurisdiction of the year


Saudi Arabia 

The European Union 






Dubai International Financial Centre 


Most significant restructuring or insolvency-related litigation

Swiss Ribbons Pte Ltd v Union of India – Justice Rohinton Nariman and Justice Indu Malhotra at the Supreme Court of India, 25 January 2019.

ArcelorMittal India Pte Ltd v Satish Kumar Gupta –Justice Rohinton Nariman and Justice Indu Malhotra at the Supreme Court of India, 4 October 2018.

GITIC Hong Kong (Holdings) Ltd – Justice Jonathan Harris at the Hong Kong High Court, 10 October 2018.

Orphan Well Association and Alberta Energy Regulator v Grant Thornton and ATB Financial - Supreme Court of Canada, 31 January 2019.

In re Ahmad Hamad Algosaibi & Brothers (AHAB) v Al-Sanea & Ors – Chief Justice Anthony Smellie in the Grand Court of the Cayman Islands, 31 May 2018.

In the Matter of CW Advanced Technologies Limited – Justice Jonathan Harris, Hong Kong High Court, 19 July 2018.

In re: Holdings Ltd – Justice Kannan Ramesh, Singapore High Court, 8 April 2019.

In re: Irving Picardtrustee for the liquidation of Bernard L Madoff Investment Securities – Judge Richard Wesley, Judge Rosemary Pooler and Judge Dennis Jacobs, US Court of Appeals for the Second Circuit, 25 February 2019

Between BTI 2014 LLC and Sequana SA and others – Lord Justice David Richards, Lord Justice Henderson and Lord Justice Longmore, England and Wales Court of Appeal, 6 February 2019

Serviços Petróleo de Constellation – Judge Neville Adderley, BVI Commercial Court, 4 February 2019.

Re IM Skaugen SE – Justice Kannan Ramesh, Singapore High Court, 27 November 2018.

In re: Irish Bank Resolution Corporation (in special liquidation), Debtor in a foreign proceeding – Judge Christopher Sontchi, US Bankruptcy Court for the District of Delaware, 31 October 2018 (oral ruling)

Goldman Sachs International v Novo Banco SA & Guardians of New Zealand Superannuation Fund and others v Novo Banco – Lord ManceLord SumptionLord HodgeLady Black and Lord Lloyd-Jones, UK Supreme Court, 4 July 2018.

Diversity in restructuring award for a team or practice

Cleary Gottlieb Steen & Hamilton 

EY (UK restructuring team) 

Felsberg Advogados 

Milbank (London financial restructuring group) 

Oon & Bazul 

Skadden Arps Slate Meagher & Flom 

Large law firm that impressed

Akin Gump Strauss Hauer & Feld

Allen & Overy


Freshfields Bruckhaus Deringer

Kirkland & Ellis 

Latham & Watkins 


Slaughter and May


Small or regional law firm that impressed

Cyril Amarchand Mangaldas

De Brauw Blackstone Westbroek

Fangda Partners


Gleiss Lutz

Oon & Bazul 

Osler Hoskin & Harcourt


William Fry

Non-law firm advisory firm that impressed

AJCapital Advisory 


Alvarez & Marsal 


Duff & Phelps 


FTI Consulting

B Riley Financial/GlassRatner Advisory & Capital Group