Bank recovery
PJT Partners hires Anchorage’s former restructuring head in New York
Charles Tauber, the former head of restructuring at US hedge fund Anchorage Capital Group, is joining PJT Partners as a partner in September.
24 August 2021
“Persistent failure”: Paul Weiss report shows how Credit Suisse overlooked Archegos risks
Credit Suisse exercised a “persistent failure” to manage and remediate risks associated with Archegos Capital before its eventual collapse, according to an independent investigation conducted by Paul Weiss Rifkind Wharton & Garrison.
02 August 2021
BonelliErede helps rescue Italian Greensill casualty
Italy’s BonelliErede is advising Venice-based bank Ifis on its purchase of a local lender out of compulsory liquidation, after it collapsed under the weight of its exposures to Greensill’s German banking subsidiary.
28 May 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
ECB wins appeal over Banco Espírito disclosure
The European Central Bank gave sufficient reasons as to why it refused to disclose information on its suspension of credit flows to Portuguese “bad bank” Banco Espírito Santo ahead of the bank's resolution six years ago, the EU’s highest court has said, partially overturning a lower court’s ruling.
26 October 2020
Appeals court declines to set-aside statutory demand on redactions challenge
The English Court of Appeal has declined to set-aside a statutory demand lodged against a landlord by an affiliate of distressed investor Cerberus, because a supporting deed of assignment was heavily redacted.
14 July 2020
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