Bankruptcy

Pharmagreen Biotech files for bankruptcy protection amid stock dispute

The Nevada holding company of a Canada-headquartered cannabis and hemp plant producer has filed for Chapter 11 protection, after covid-19 left it unable to uphold a financing deal with “toxic lenders”.

13 August 2020

Australian court recognises pilot’s Hong Kong bankruptcy in tricky COMI case

An Australian court has recognised the Hong Kong bankruptcy estate of an airline pilot, despite expressing concerns over the determination of his centre of main interests.

12 August 2020

Baoshang bankruptcy a “compliance wake-up call” in China

China’s central bank has announced that it will allow troubled Baoshang Bank to become the first commercial lender to file for bankruptcy in China since 2001, in a move that could prompt other lenders to “step up” their risk assessments and internal audits amid growing non-performing loan portfolios.

12 August 2020

Haynes and Boone names new partner in New York

Corporate restructuring lawyer Richard Kanowitz has joined Haynes and Boone as a partner in its New York office.

10 August 2020

Mexican retailer enters bankruptcy in Mexico, after Chapter 11 derailed

Mexican loan to own retailer Grupo Famsa has applied for bankruptcy protection in Mexico along with Chapter 15 recognition, after the loss of its banking licence derailed its Chapter 11 process.

07 August 2020

Osler adds in Toronto

Osler, Hoskin & Harcourt has hired a partner from Toronto firm Aird & Berlis with experienced in the energy, cannabis and steel manufacturing sectors.

06 August 2020

Seddons hires Brown Rudnick partner in London

London firm Seddons has recruited a partner from Brown Rudnick with credits on the cross-border restructurings of Arcapita, Lehman Brothers and Toys R Us.

05 August 2020

Reed Smith hires from Baker Botts in Texas

Reed Smith has strengthened its new Dallas team with the hire of a bankruptcy litigation partner Omar Alaniz from Texas-headquartered Baker Botts.

05 August 2020

Covid-19 calls: Karen Fellowes at Stikeman Elliott in Calgary

Featured in Covid-19 calls

Karen Fellowes, the newly appointed leader of Stikeman Elliott’s Western Canadian restructuring group, tells GRR about recent changes to Canadian legislation and how virtual hearings have opened up local lawyers to an international practice.

31 July 2020

Brown Rudnick attorney negligence claim to go ahead in New York

The litigation trustee for bankrupt Dutch petrochemicals group LyondellBasell may pursue negligence claims against Brown Rudnick for the loss of a preference claim, a New York court has ruled.

30 July 2020

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