Bailout

Angelo Gordon acquires insolvent Spanish hotel chain in pre-pack deal

A Spanish hotel chain founded by a three-time Olympic equestrian has been acquired by US-headquartered investor Angelo Gordon and Canadian hotel manager Westmont Hospitality Group after entering a pre-pack reorganisation in Madrid.

04 August 2022

Latham, A&O, HSF and Willkie Farr advise on Mediapro refinancing

Advisers from the UK, Spain and Hong Kong have helped Barcelona-headquartered media company Mediapro agree a refinancing deal with a shareholder to strike €500 million from its €900 million debt pile.

21 June 2022

AirAsia X creditors vote for initially contested scheme

Creditors of the Malaysian budget airline AirAsia X have voted in favour of what was a contested scheme of arrangement that imposes a more than 99% haircut on unsecured debts.

15 November 2021

Baker & Partners hires HSM restructuring head in the Cayman Islands

The recently appointed leader of HSM Chambers’ restructuring and insolvency practice has left the firm for Baker & Partners in the Cayman Islands.

17 September 2021

EU bailout fund to get greater powers over bank rescues

European finance ministers have agreed to a long-awaited reform of the EU’s bailout fund, giving it greater powers over future bailout programs and introducing single-limb collective action clauses to override holdout bondholders.

04 December 2020

Matheson and William Fry advising as Norwegian Air enters Irish examinership

Two major subsidiaries of Oslo-headquartered Norwegian Air have entered examinership proceedings in Ireland, one week after Norway’s government refused to grant it further financial assistance following a bailout earlier this year.

19 November 2020

KLM asks Dutch government to green-light restructuring plan

With help from Allen & Overy, the Dutch arm of airline group Air France-KLM has submitted a restructuring plan to the Netherlands Ministry of Finance in the hope of securing a rescue package worth €3.4 billion.

05 October 2020

Unlock unlimited access to all Global Restructuring Review content