Bankruptcy

Baker McKenzie advises as Thai Airways pursues restructuring

Baker McKenzie, Herbert Smith Freehills and Southeast Asian firm Tilleke Gibbins are all taking roles in the rehabilitation proceedings for Thailand’s flagship airline, which is next due in court on 17 August.

28 July 2020

Australian court allows trustee of disqualified tax agent to seek UK recognition

An Australian court has allowed the bankruptcy trustee of a disqualified tax agent to seek recognition of his appointment in the UK, pursuant to the UNCITRAL Model Law on Cross-Border Insolvency.

24 July 2020

English court refuses to dismiss Mallya bankruptcy petition

An English court has refused to dismiss a bankruptcy petition against one-time billionaire Vijay Mallya, finding his creditors did not have to disclose purported third-party security relating to an Indian judgment.

23 July 2020

Canadian cannabis company’s noteholders lose bid to cross-examine director

Noteholders of insolvent Canada-based cannabis company Eureka 93 have lost a bid to cross-examine its co-founder ahead of a vote on a restructuring proposal that will turn them into unsecured creditors.

22 July 2020

Community roundup: new recruits at Gordon Brothers, EY and Kirkland & Ellis

Gordon Brothers and EY have hired in Australia, Kirkland & Ellis and Thornton Grout Finnigan have recruited in Hong Kong and Toronto, and Quantuma and Freeths continue to expand in the UK.

20 July 2020

Ocean Tankers owners file court application to remove Rajah & Tann

The owners of Singaporean shipping company Ocean Tankers have applied to the city-state’s High Court to remove Rajah & Tann as counsel to its interim judicial managers EY.

15 July 2020

Satellite company OneWeb enters plan with UK government-backed consortium

London-based company OneWeb is seeking approval of its Chapter 11 plan support agreement with a UK-Indian consortium, which has agreed to step in as DIP lender and buy it out of bankruptcy.

09 July 2020

Katten Muchin team joins McDermott in Texas

McDermott Will & Emery has recruited a team of five restructuring lawyers from Katten Muchin Rosenman in Dallas.

08 July 2020

Mallya seeks dismissal of English bankruptcy petition

One-time billionaire Vijay Mallya is seeking to dismiss an English bankruptcy petition brought against him, arguing the creditors of a £1 billion Indian judgment had failed to disclose security over their debt.

07 July 2020

Mexican retailer files pre-pack Chapter 11 in New York

Mexican loan to own retailer Grupo Famsa has filed a pre-packaged Chapter 11 plan to restructure a single series of notes that were due in June, after covid-19 prevented it from refinancing them with further borrowing.

02 July 2020

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