A Russian a bankruptcy trustee trying to get control of an Italian villa that she claims belongs to former Vneshprombank owner Georgy Bedzhamov, will go to trial against his long-term partner – who claims the property belongs to her – in May, where questions will be raised over a litigation funding agreement the trustee has entered that could be in breach of sanctions.
15 March 2024
A Calgary-based oil producer has entered CCAA proceedings in its native Alberta and secured a temporary restraining order in Delaware, after signing a DIP facility and stalking horse agreement with a key creditor.
14 March 2024
The Supreme Court of British Columbia has allowed a debtor to withdraw a notice of intention to make a proposal under Canada’s Bankruptcy and Insolvency Act that was mistakenly filed by its advisers after it negotiated with a creditor out-of-court.
13 March 2024
FRP advisory has expanded offshore with a new acquisition on the Isle of Man, days after an FRP partner and a director moved to Kroll in London.
12 March 2024
Two Arnold & Porter partners from Chicago and New York, who together worked for an ad hoc term loan group in cinema operator Cineworld’s 2022 Chapter 11, have jumped to Clifford Chance in the Big Apple.
11 March 2024
The former chair of Premier League football club Newcastle United is trying to throw out a £36.7 million statutory demand brought against her by Greek shipping tycoon Victor Restis, claiming documents she signed making her personally liable for a loan were obtained through threats of violence.
29 February 2024
Global tourism and transportation group Hornblower has received interim approval to access two debtors-in-possession facilities after a judge in Texas said the fact the loans would provide stability and an exit plan was “far more important” to him than the cost of the borrowing.
27 February 2024
Days before its former parent’s pre-packaged Chapter 11 closed in Texas, the joint administrators of a Leeds-based marketing business have said the most likely exit route for the company is dissolution after it completed a partial sale to consulting group Paragon last year.
09 February 2024
After sitting on the bench in Brazil for a quarter of a century, Judge Daniel Carnio Costa has stepped down and tells GRR he is establishing his own boutique firm in São Paulo and Brasilia.
07 February 2024
A US affiliate of Indian edu-tech group Byju has entered Chapter 11 to pursue a hedge fund apparently registered to a Florida fast food restaurant for over US$500 million, as the group’s parent faces an insolvency petition in India from GLAS.
06 February 2024
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