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

Conference reports

San Francisco: IWIRC presents rising star award to former Hong Kong network chair

San Francisco: IWIRC presents rising star award to former Hong Kong network chair

27 October 2016

The International Women’s Insolvency and Restructuring Confederation has presented its 2016 rising star award to the immediate past chair of its Hong Kong network, Stephenson Harwood associate Eloise Fardon, as it sets off on a mission to strengthen its local networks worldwide.

Washington, DC: 15 years of the UNCITRAL Model Law

Washington, DC: 15 years of the UNCITRAL Model Law

21 October 2016

While global take-up of the UNCITRAL Model Law on Cross-Border Insolvency has been slow, an assessment of trends and landmark rulings since the adoption of the US’s Chapter 15 appears to demonstrate confidence in its philosophy.

LONDON: Brexit is hot topic at Pinsents Restructuring Conference

LONDON: Brexit is hot topic at Pinsents Restructuring Conference

12 October 2016

This year’s Pinsent Masons Restructuring and Insolvency Conference examined the anticipated implications of Brexit for the restructuring and insolvency legal landscape, with a focus on the UK’s role as a forum for cross-border restructuring.

NEW YORK: how distressed investors can avoid reputational damage in Latin America

NEW YORK: how distressed investors can avoid reputational damage in Latin America

05 October 2016

Private equity buyers looking to snap up distressed assets in Latin America must evaluate reputational damage to differentiate between a great opportunity and a trap in disguise, lawyers from Colombia, Argentina, Brazil and Chile have warned.

LISBON: Risky business

LISBON: Risky business

27 September 2016

A panel in Portugal considered last week what tools are available to help insolvency practitioners manage risks for investors in cross-border insolvencies, discussing the pros and cons of market analyses prepared by major financial institutions, as well as cross-border enforceability opinions obtained by the financial industry.

Washington, DC: The politics of oil and gas restructuring

Washington, DC: The politics of oil and gas restructuring

23 September 2016

The recent oil price slump and attendant rise in oil and gas insolvencies has been exacerbated by the interference of political actors whose actions can both precipitate distress and damage turnarounds, a panel at the International Bar Association’s Annual Conference in Washington, DC has argued.

Washington, DC: European Banking Union - a job for a Marvel hero?

Washington, DC: European Banking Union - a job for a Marvel hero?

22 September 2016

This year's International Bar Association Annual Conference kicked off in Washington DC earlier this week with a panel discussing the promises and progress of the early years of the European Banking Union.

A golden age for China’s bankruptcy law?

A golden age for China’s bankruptcy law?

02 September 2016

Year-on-year drops in economic growth and a ballooning debt bubble have placed China in a debt-to-GDP “danger zone”, similar to Japan in the late 1980s, and the UK and US ahead of 2008. With a banking crisis potentially on the horizon, the International Insolvency Institute (III) gathered a selection of speakers from around the world to examine the challenges facing China and its trading partners in this new era.

BRUSSELS: six points to consider when shifting COMI

BRUSSELS: six points to consider when shifting COMI

23 August 2016

A recent debate in Brussels considered the virtues of different insolvency regimes in the US and EU for the purpose of choosing a centre of main interest (COMI) – and found that forum shoppers are probably best off in America.

The III arrives in Asia

The III arrives in Asia

15 August 2016

Increasing creditor participation in typically debtor-friendly Japan; new out-of-court workout rule rules in China and Korea; and Singapore’s recently announced ambition to become an international debt restructuring hub were all topics of discussion when the International Insolvency Institute (III) hosted its first-ever conference in Asia in June.

BRUSSELS: protecting the wealth of Europe

BRUSSELS: protecting the wealth of Europe

13 July 2016

The development of pre-insolvency mechanisms alongside formal tools such as schemes of arrangement has been a valuable response to complex financial issues and should be borne in mind by regulators attempting to harmonise regimes, speakers said at a conference in Brussels on 16 to 17 June.

NEW YORK: Brazil’s bankruptcy law must evolve as restructuring cases skyrocket

NEW YORK: Brazil’s bankruptcy law must evolve as restructuring cases skyrocket

05 July 2016

Legal uncertainty, corruption investigations and an undiversified financial system continue to affect clients’ confidence in Brazil’s 10-year-old bankruptcy laws, but a growing body of jurisprudence is gradually ironing out some of the kinks in the restructuring process, agreed lawyers at the Latin Lawyer - GRR Restructuring Summit in New York last month.