Global Restructuring Review - Cross-border restructuring and insolvency legal news, features and events
06 February 2019
Are jurisdictions around the world converging towards a shared ideal of rescue culture, and is the US moving away from it? Panellists at an American Bankruptcy Institute conference in Milan discussed reforms around the world and focused their attention on the EU, Singapore and Delaware.
17 January 2019
China has been working hard to develop a distressed debt market in recent years – so much so that it may be the largest single asset class investment opportunity globally, according to one investor. All it needs is buyers.
16 January 2019
Hong Kong’s Financial Secretary Paul Chan says the special administrative region is “charging ahead” with its proposed corporate rescue procedure and plans to introduce a bill into the Legislative Council this year.
21 December 2018
The collapse of UK construction firm Carillion in January sent shockwaves through the restructuring world, but could the UK government’s proposed insolvency reforms have helped save the company?
08 November 2018
Mr Justice Jonathan Harris, the judge in charge of Hong Kong’s company law and insolvency law cases, used his keynote at GRR Live to call for a mutual recognition protocol for insolvency orders between mainland Chinese courts and their Hong Kong counterparts, and to raise scepticism over the cross-border moratorium provisions in Singapore’s recent restructuring reforms – the subject of his recent decision in CW Technologies.
08 November 2018
The Townhouse restaurant in Hong Kong’s Lan Kwai Fong district played host to GRR Live's second outing in the special administrative region on 6 November, where restructuring in China was on the menu. Click on the headline for photos from the event.
22 October 2018
Singapore is bidding to be the "Asian New York" of debt restructuring, but can it compete with the US’s experience and the Cayman Islands’ flexibility? A team of panellists at GRR Live Offshore considered the pros and cons of the respective regimes to see whether the city-state was “coming for Cayman’s docket”.
02 October 2018
Law academics warned about the calamities of global covenant-lite lending and pitched company voluntary arrangements against administration proceedings in the UK at the most recent CI&CL Research Group Conference, where the short-comings of Singapore’s beefed-up insolvency law regime were also discussed.
01 October 2018
A Singaporean judge has questioned whether the doctrine of separate legal personality as an unshakeable principle should be re-examined when restructuring multinational corporate groups – and raised a “fascinating twist” to the concept of synthetic secondary proceedings as a way of managing cross-border insolvencies.
28 September 2018
On 26 September, Global Restructuring Review held its second GRR Live New York conference, with a thought-provoking keynote speech by Singapore's Judge Kannan Ramesh.
18 September 2018
In an era of excessive corporate debt, how important are debt-to-equity swaps as a resolution mechanism in the Gulf? Panellists in Dubai identified some of the challenges and opportunities offered by swaps - a relatively rare restructuring tool in the region.
12 September 2018
While governments across the Middle East are modernising their bankruptcy laws, the region’s non-performing loans should “ring the bells” of banks and regulatory authorities, delegates heard on the opening day of the Gulf Cooperation Council’s first-ever debt restructuring and NPL summit in Dubai.