Bankruptcy

Canadian stay lifted in Cayman recognition case

A Canadian court has set aside an automatic stay granted to a married couple appealing the recognition of two Cayman orders made against them, finding it hindered investigations into their assets.

14 December 2020

White & Case hires two former Ropes & Gray co-chairs

White & Case has hired two Ropes & Gray restructuring veterans in New York and Boston, who both formerly served as co-chairs of its global restructuring practice.

08 December 2020

Intelsat’s former 5G spectrum rollout partner sets out US$1.8 billion claims

A case of “corporate desperation, greed and dishonesty” is how the one-time partner of bankrupt satellite company Intelsat has framed alleged bad faith and breach of contract claims that it has been allowed to bring against the debtor in a two-week trial next June.

08 December 2020

Katten hires New York partner from Quinn Emanuel

Katten Munchin Rosenman has hired a new partner from Quinn Emanuel Urquhart & Sullivan, who has credits on the China Fishery and LyondellBasell bankruptcies.

07 December 2020

Dean & DeLuca brings avoidance claim against former Japanese JV partner

A Delaware-registered arm of bankrupt Thai-owned upmarket grocer Dean & DeLuca has filed an adversary claim in New York against its former Japanese joint venture partner and an affiliate, arguing they took advantage of the grocer’s insolvency to buy shares at a steep discount.

04 December 2020

Kirkland, Jackson Walker and Sheppard Mullin advising on Seadrill Ch11s

London-based offshore driller Seadrill Partners and 28 of its international subsidiaries have filed Chapter 11 proceedings in Texas, citing Bermuda-incorporated Seadrill Ltd, which itself went through bankruptcy two years ago, as their largest unsecured creditor.

03 December 2020

Nortel’s Irish and Italian arms to end administrations

Nortel Networks has moved another step closer to finalising its UK administrations after the joint administrators of its Irish and Italian arms secured termination and discharge orders from the High Court in London.

30 November 2020

Simpson Thacher, Weil and White & Case announce promotions

Simpson Thatcher & Bartlett and Weil Gotshal & Manges have named new partners in New York, while White & Case has announced promotions in Germany.

25 November 2020

Weil partners join new firms in the US and Hong Kong

Two Weil Gotshal & Manges partners who were also former colleagues at Kirkland & Ellis have departed for Ropes & Gray and White & Case.

24 November 2020

Cryptocurrency investment firm wins Chapter 11 relief amid fraud allegations

Cryptocurrency investment firm Cred Inc has secured Chapter 11 relief in Delaware, after a former executive allegedly misappropriated US$3 million worth of its bitcoin and caused it to lose US$10 million through a fraudulent investment scheme.

13 November 2020

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