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

Conference reports

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.

GRR Live, New York: Uncertainty will be weaponised

GRR Live, New York: Uncertainty will be weaponised

26 February 2019

Cross-border insolvencies are growing in number and bringing with them new challenges to jurisdiction and recognition that raise doubts on the continued validity of old common law rules. Unless the world moves towards a borderless, more harmonised system the uncertainty will be weaponised, a panel at GRR Live New York warned.

INSOL Europe, Athens: Annual congress tackles new technologies

INSOL Europe, Athens: Annual congress tackles new technologies

26 February 2019

Greece’s economic struggles, what makes an ideal insolvency law, and the risks and rewards of emerging technologies were the topics on the agenda, as restructuring and insolvency professionals gathered in Athens last October for INSOL Europe’s 2018 annual congress.

ABI International, Milan: Is the US diverging from the rest of the world?

ABI International, Milan: Is the US diverging from the rest of the world?

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.

Greater China Restructuring Forum: a market-based solution to China’s excess credit?

Greater China Restructuring Forum: a market-based solution to China’s excess credit?

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.

Greater China Restructuring Forum: Hong Kong “charging ahead” with proposed corporate rescue procedure

Greater China Restructuring Forum: Hong Kong “charging ahead” with proposed corporate rescue procedure

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.

Pinsent Masons, London: would a moratorium have saved Carillion?

Pinsent Masons, London: would a moratorium have saved Carillion?

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?

GRR Live Hong Kong: Harris J on mutual recognition and pushback on Singapore moratoria

GRR Live Hong Kong: Harris J on mutual recognition and pushback on Singapore moratoria

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.

GRR Live Hong Kong - in pictures

GRR Live Hong Kong - in pictures

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.

GRR Live Offshore: Is Singapore “coming for Cayman’s docket”?

GRR Live Offshore: Is Singapore “coming for Cayman’s docket”?

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”.