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

Conference reports

Corporate Restructuring Summit, Dubai: Debt-to-equity swaps in the Gulf

Corporate Restructuring Summit, Dubai: Debt-to-equity swaps in the Gulf

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.

Corporate Restructuring Summit, Dubai: An “era of transformation” for the Gulf - reforms and warnings

Corporate Restructuring Summit, Dubai: An “era of transformation” for the Gulf - reforms and warnings

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.

Corporate Restructuring Summit, Dubai: AHAB dispute will be “huge litmus test” for Saudi Arabia

Corporate Restructuring Summit, Dubai: AHAB dispute will be “huge litmus test” for Saudi Arabia

10 September 2018

The chief restructuring officer of Saudi conglomerate Ahmad Hamad Al-Gosaibi & Brothers (AHAB) says the group may use Saudi Arabia's new bankruptcy law to try and see an end to its decade-long restructuring saga, in what will be a “huge litmus test” for the Kingdom.

European Insolvency and Restructuring Congress, Brussels: British academic chooses EU over UK post-Brexit

European Insolvency and Restructuring Congress, Brussels: British academic chooses EU over UK post-Brexit

03 September 2018

European lawyers and advisers will have opportunities to muscle in on UK restructuring work in the wake of Brexit and possible changes to the Gibbs rule, a British academic told attendees at the German Bar Association’s 7th European Insolvency and Restructuring Congress.

GRR Live London: Could Chapter 11 have saved Carillion? CVAs, pre-packs and accountability in restructuring

GRR Live London: Could Chapter 11 have saved Carillion? CVAs, pre-packs and accountability in restructuring

25 July 2018

Looming questions about struggling retail companies, the use of company voluntary arrangements to help restructure them, and the accountability of the insolvency professionals at the helm dominated discussion at this year’s GRR Live London.

GRR Live London: 2018 – the year of the CVA

GRR Live London: 2018 – the year of the CVA

20 July 2018

Dubbed “the year of the CVA”, so far 2018 has seen troubles on the UK high street, as well as the demise of public contractor Carillion and the fall of Monarch Airlines. Panellists at the third annual GRR Live London conference discussed the lessons learned so far and looked to what the next 12 months will bring.

TMA, Amsterdam: the tough bits of the EU’s Insolvency Directive

TMA, Amsterdam: the tough bits of the EU’s Insolvency Directive

28 June 2018

With the “easy part” of the EU’s proposed directive on preventive restructuring frameworks approved in early June, speakers at the TMA’s Europe conference considered the tough bits – like how to define the “likelihood of insolvency” standard that would make pre-insolvency proceedings available to debtors.

Dame Elizabeth Gloster gives keynote at IWIRC launch in London

Dame Elizabeth Gloster gives keynote at IWIRC launch in London

22 June 2018

Former Court of Appeal judge Dame Elizabeth Gloster and veteran EY partner Alan Bloom were among the guest speakers at the official launch of the International Women’s Insolvency and Restructuring Confederation’s (IWIRC) new network in London last week.

ABI, Washington, DC: Why do foreign companies choose Chapter 11?

ABI, Washington, DC: Why do foreign companies choose Chapter 11?

19 June 2018

Many debtors around the world have sought protection under the wing of the US Bankruptcy Code’s Chapter 11, taking advantage of its expansive jurisdictional ambit. But is it right for everybody?

GRR Live Offshore, Grand Cayman: Is Ocean Rig the Cayman cure-all, and other questions

GRR Live Offshore, Grand Cayman: Is Ocean Rig the Cayman cure-all, and other questions

18 June 2018

With bold new precedents established in Ocean Rig, and planned restructuring law reforms on the horizon, Cayman practitioners considered how they square against the competition in the battle to win cross-border work, at the inaugural GRR Live Offshore.

GRR Live Offshore - in pictures

GRR Live Offshore - in pictures

18 June 2018

GRR's first ever offshore event attracted important names from New York, London, Hong Kong, Singapore, Chile and of course, the host jurisdiction, the Cayman Islands. Click on the headline for photos from the day.

GRR – Latin Lawyer, New York: Calls for better DIP finance to help Brazilian restructurings

GRR – Latin Lawyer, New York: Calls for better DIP finance to help Brazilian restructurings

08 June 2018

Brazilian restructuring lawyers have called for better debtor-in-possession (DIP) financing provisions and more ways to protect restructuring plans from challenges in Brazil, as US colleagues showed confidence they would get there.