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

Conference reports

Global Distressed Investments Forum: China NPL market on the rise

Global Distressed Investments Forum: China NPL market on the rise

06 October 2017

China’s official non-performing loan (NPL) ratio is just 1.74% with portfolios up for grabs worth US$250 billion, according to the government. But the true figure could be up to US$1 trillion, two speakers argued at an event in London last week, as they discussed opportunities and stumbling blocks for investing in the People’s Republic – a market so big investors could hunt for things to buy “with possibly no competition”.

GRR Live, New York: Courageous, creative, pragmatic jurists and the evolution of cross-border matters

GRR Live, New York: Courageous, creative, pragmatic jurists and the evolution of cross-border matters

18 September 2017

The Southern District of New York's Chief Judge Cecilia Morris highlighted a series of decisions by of a host of "courageous, creative and pragmatic" jurists that have helped cross-border restructuring evolve, in her keynote speech at GRR Live New York last week.

GRR Live New York in pictures

GRR Live New York in pictures

14 September 2017

On 13 September, Global Restructuring Review held its first GRR Live New York conference at the offices of Cleary Gottlieb Steen & Hamilton, with a keynote speech by SDNY Bankruptcy Judge Cecelia Morris.

Singapore: IWIRC hosts inaugural Pacific Rim conference

Singapore: IWIRC hosts inaugural Pacific Rim conference

07 September 2017

Now in its 20th year, the International Women's Insolvency & Restructuring Confederation (IWIRC) hosted its inaugural Pacific Rim conference in August, marking the first-ever collaboration between IWRIC's networks in Singapore, Hong Kong, Malaysia, China and Japan.

Singapore Insolvency Conference: "game changing" reforms as new insolvency bill revealed

Singapore Insolvency Conference: "game changing" reforms as new insolvency bill revealed

29 August 2017

Singapore's minister of law rejected criticisms that recent amendments to its Companies Act had shifted the city-state from a pro-creditor to a pro-debtor jurisdiction, and revealed a new insolvency bill during a keynote speech at the Lion City's sixth annual insolvency conference last week.

German Bar Association Congress: Are EU harmonisation efforts "using a sledgehammer to crack a nut"?

German Bar Association Congress: Are EU harmonisation efforts "using a sledgehammer to crack a nut"?

19 July 2017

The European Commission is conducting its harmonisation of restructuring law across the EU by "using a sledgehammer to crack a nut", according to an academic at the German Bar Association's sixth European Insolvency and Restructuring congress in Belgium.

European Academy of Law, Trier: The need to regroup on groups

European Academy of Law, Trier: The need to regroup on groups

05 July 2017

The recast European Insolvency regulation has introduced mechanisms for the coordination of group proceedings, but delegates at a recent event in Germany argued that a complex system of safeguards brought in at the 11th hour to ensure the autonomy of individual cases will hamper coordination in practice.

GRR Live London: How to increase your leverage in a restructuring

GRR Live London: How to increase your leverage in a restructuring

03 July 2017

Panelists at the recent GRR Live London discussed how to increase leverage in a restructuring, from encouraging directors to take a particular course of action, to making the most of gaps in the debtor's documentation.

Latin Lawyer-GRR Live, New York: How political instability threatens LatAm state-run oil companies

Latin Lawyer-GRR Live, New York: How political instability threatens LatAm state-run oil companies

03 July 2017

Political instability has damaging implications for Brazil’s Petrobras and Venezuela’s PDVSA, panellists agreed at the Latin Lawyer-GRR Live Restructuring Summit, as they also expressed concern for the future of Mexico’s Pemex.

Latin Lawyer-GRR Live, New York: Implications of unequal access to restructuring

Latin Lawyer-GRR Live, New York: Implications of unequal access to restructuring

28 June 2017

Any Latin American debtor with a view to the “long game” knows that a Chapter 15 filing is the best way to achieve legal certainty - but a disparity in access to restructuring between big and small debtors has led to a decline in use of the instrument, according to speakers at the Latin Lawyer-GRR Live Restructuring Symposium in New York.

European Academy of Law, Trier: The good, the bad and the COMI

European Academy of Law, Trier: The good, the bad and the COMI

27 June 2017

“But where is the debtor’s centre of main interests (COMI) really located?” At a recent event in Germany, a British barrister ran through the recast European Insolvency Regulation’s new provisions that codify established case law on good and bad forum shopping, and fill an erstwhile statutory silence.

III, London: Is common law incompatible with a universalist approach?

III, London: Is common law incompatible with a universalist approach?

21 June 2017

Is judicial law-making fit for purpose in an age where courts are required to tackle the collapses of global businesses, the president of the UK Supreme Court, Lord David Neuberger, asked in his keynote speech at the International Insolvency Institute’s (III) annual conference in London.