Global Restructuring Review - Cross-border restructuring and insolvency legal news, features and events

Conference reports

GRR Live-Latin Lawyer 4th Annual Restructuring Conference: in pictures

GRR Live-Latin Lawyer 4th Annual Restructuring Conference: in pictures

12 July 2019

The GRR Live-Latin Lawyer 4th Annual Restructuring conference took place in New York on 11 July, focusing on Brazil, Mexico and Venezuela, as well as on oil company and airline insolvencies. Click on the headline to see pictures from the event!

GRR Live-Latin Lawyer, New York: The “unique” case of Venezuela's sovereign debt

GRR Live-Latin Lawyer, New York: The “unique” case of Venezuela's sovereign debt

11 July 2019

The “astonishing” diversity of Venezuela’s US$150 billion debt pile means its potential sovereign debt workout will be unlike any seen before, the opposition government’s adviser Lee Buchheit has said, as he raised scepticism about state oil company PDVSA entering Chapter 15 bankruptcy in the US.

GRR Live, Hong Kong: Opportunities and challenges in Mainland China

GRR Live, Hong Kong: Opportunities and challenges in Mainland China

02 July 2019

How have restructuring opportunities developed in China in the past few years; what challenges do practitioners face, and do the courts or the government have too big a role in bankruptcy proceedings? Speakers at GRR Live Hong Kong shared their experiences of working on the ground in China’s growing bankruptcy market.

III, Barcelona: Grassgreen takes the helm

III, Barcelona: Grassgreen takes the helm

18 June 2019

The International Insolvency Institute’s (III) first female president has taken the helm at a handover ceremony in a 14th century shipyard that today functions as Barcelona’s Maritime Museum.

International Insolvency Forum, St Petersburg: Building bridges with UNCITRAL

International Insolvency Forum, St Petersburg: Building bridges with UNCITRAL

16 May 2019

The UNCITRAL Model Law on Enterprise Group Insolvency will be ready for adoption in July, the commission’s secretary Anna Joubin-Bret has said.

GRR Live, Hong Kong: new questions for international insolvencies

GRR Live, Hong Kong: new questions for international insolvencies

25 April 2019

Hong Kong’s restructuring scene is one of the most cross-border in the world, with three quarters of its listed companies incorporated offshore and most restructurings having a mainland China connection. But the territory still lacks a statutory regime for cross-border recognition – as recently brought into focus in the restructuring of Singaporean engineering company CW Group. What does this mean for international insolvencies in the region?

ABI, Washington DC: The challenges of pursuing assets abroad

ABI, Washington DC: The challenges of pursuing assets abroad

23 April 2019

The General Data Protection Regulation (GDPR) has made it harder to get discovery in the EU, while it’s so easy in the US that some Latin American insolvency practitioners know about debtors’ foreign assets before the debtor even knows a foreign proceeding has been opened against them. Panellists from Florida, the Cayman Islands and Hong Kong recently discussed how to overcome the challenges of pursuing overseas assets.

GRR Live Singapore - in pictures

GRR Live Singapore - in pictures

04 April 2019

Milbank partners David Zemans and Jacqueline Chan chaired the second GRR Live in Singapore this week looking at some of the cases that have tested the city-state’s new restructuring regime so far, and examining the huge growth in activity in India.

GRR Live Singapore: How to turn a bad hand around

GRR Live Singapore: How to turn a bad hand around

04 April 2019

Last weekend saw a rare public demonstration in Singapore by retail bondholders who say they've been shut out of the restructuring process for water treatment company Hyflux. Amid news Hyflux’s proposed rescue plan has collapsed, delegates at GRR Live earlier this week shared ideas on how to turn a bad hand in a restructuring into a winning one.

GRR Live, Offshore: In pictures

GRR Live, Offshore: In pictures

14 March 2019

The Second Edition of GRR Live Offshore in the Cayman Islands closed against the backdrop of a setting Caribbean sun, after speakers and delegates had examined questions of modified universalism, comity and the determination of centre of main interests.

GRR Live, Offshore: Cooperation is key – Judge Carey on the state of modified universalism

GRR Live, Offshore: Cooperation is key – Judge Carey on the state of modified universalism

14 March 2019

Assessing the current state of modified universalism, Judge Kevin Carey from the Delaware bankruptcy court discussed how a new UNICTRAL Model Law could push the UK away from the territorialism of Rubin and Gibbs, and considered the potential impact on international comity of a recent US appeal court decision on extraterritorial avoidance.

GRR Live, New York: Towards Chapter 11 with the changing face of creditors

GRR Live, New York: Towards Chapter 11 with the changing face of creditors

26 February 2019

The EU’s new restructuring directive is based on UK schemes and Chapter 11, while planned reforms for a post-Brexit UK will borrow from Chapter 11, ostensibly to keep up with the EU. Speakers at GRR Live New York concluded that we are taking steps towards convergence, mostly as a result of the changing face of creditors.