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

Conference reports

Corporate Restructuring Summit, Dubai: How a cross-border restructuring saved disgraced Abraaj’s assets

Corporate Restructuring Summit, Dubai: How a cross-border restructuring saved disgraced Abraaj’s assets

12 September 2019

As provisional liquidators for the disgraced UAE private equity fund Abraaj look to complete the sale of its assets in multiple emerging markets, advisers working on the case hailed the vital role of cross-border collaboration in preserving the assets’ value.

GRR Live-Latin Lawyer, New York: Venezuela divided

GRR Live-Latin Lawyer, New York: Venezuela divided

01 August 2019

Venezuelan companies that were worth US$1 billion 20 years ago, can now be bought for US$55 million, according to GCG Advisors managing partner Jose Gonzales. “If you want to take the risk, there should be plenty of opportunity.”

Guernsey, INSOL Channel Islands: The future of crime, taxation and auditors offshore

Guernsey, INSOL Channel Islands: The future of crime, taxation and auditors offshore

26 July 2019

Ogier partners Mathew Newman in Guernsey and Bruce MacNeil in Jersey report from an INSOL seminar in June that examined future challenges for offshore insolvencies, particularly as regards taxation, auditors and when criminal investigations and insolvency clash.

GRR Live – Latin Lawyer, New York: Why asset sales offer better protection than judicial restructuring in LatAm

GRR Live – Latin Lawyer, New York: Why asset sales offer better protection than judicial restructuring in LatAm

23 July 2019

Companies facing bankruptcy from the wave of anti-corruption probes following Operation Car Wash in Brazil have found that selling their assets before filing for judicial restructuring better preserves their value, delegates heard at the 4th Annual GRR Live-Latin Lawyer restructuring conference.

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.