Bankruptcy

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

Maples taps insolvency partner for British Virgin Islands role

Maples and Calder has hired a new British Virgin Islands partner with experience advising on the cross-border restructurings of China’s Luckin Coffee and Brazilian oil group Constellation.

15 September 2021

Insurers’ defences rejected in Nine West settlement litigation

Insurers who refused to cover part of US retailer Nine West’s Chapter 11 plan have failed to throw out breach of contract claims against them, after a Delaware court rejected most of their defences.

13 September 2021

Czech bankruptcy trustee seeks recognition in Florida

The Czech trustee of a bankrupt real estate manager who fled to the US last year has sought Chapter 15 recognition to block litigation launched against him in Florida.

13 September 2021

AHAB secures historic restructuring settlement

Saudi Arabia’s new bankruptcy law has been praised after Ahmad Hamad Algosaibi & Brothers (AHAB) finally reached a US$7.5 billion settlement with creditors following 12 years of legal disputes around the world.

09 September 2021

PwC hires senior adviser with private equity focus

PwC has hired a new senior adviser for its business restructuring services team in the UK, from private equity firm Better Capital.

09 September 2021

Debevoise guides Philippine flag carrier on pre-pack Chapter 11

The flag carrier airline of the Philippines is pursuing a pre-packaged Chapter 11 restructuring in New York and local recognition to cut its US$6 billion debt pile, with Debevoise & Plimpton advising.

08 September 2021

Allen & Overy strengthens New York practice

Allen & Overy has hired the former chair of Baker Botts’ financial restructuring practice in New York.

06 September 2021

Haynes Boone hires veteran US Supreme Court lawyer

Appellate lawyer Daniel Geyser, who argued in the precedent-setting bankruptcy discharge violation case of Taggart v Lorenzen, has joined Haynes Boone as the chair of its US Supreme Court practice in Denver.

03 September 2021

Dutch court rejects WHOA request for energy group

A holding company for a gas and electricity group has failed to open a WHOA procedure, after a Dutch court found the only reason it made the application was to prevent reputational damage.

02 September 2021

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