Global Restructuring Review - Cross-border restructuring and insolvency legal news, features and events
17 May 2018
Retail apocalypse, retail graveyard, the “zombie high street”: call it what you like; things aren’t looking good for brick-and-mortar retailers. Drawing on exclusive interviews and discussions at industry events and examining specific cases in the UK and elsewhere, GRR’s Jessica McKay explores why an increasing number of retailers are facing financial difficulties, assesses the tools available to restructure them, and gathers predictions for the path that lies ahead.
20 April 2018
Bob Wessels, professor emeritus of international insolvency law at Leiden University and expert counsel on restructuring and insolvency to the European Commission, discusses the troublesome relationship between the European Insolvency Regulation and the Brussels I Regulation concerning jurisdiction and enforcement of judgments in civil and commercial matters.
12 April 2018
From small beginnings, ad hoc committees have grown in importance in recent years to become leaders in the restructuring space. GRR gathers insights from the editors and authors of a new guide on the delicate art of representing ad hoc committees and negotiating with them.
04 April 2018
Start early, know the terms of your aircraft financing, work with the trade body and use Chapter 11: this was the essential advice panellists gave to aircraft carriers preparing for a bankruptcy situation at the International Air Transport Association’s (IATA) Legal Symposium in Bangkok.
04 April 2018
John Middleton has served as assistant general counsel of the International Air Transport Association (IATA) with responsibility for bankruptcy since 2013. GRR’s sister publication Aviation Law News caught up with him in Bangkok to discuss the organisation’s role in airline failures in light of the recent spike.
03 April 2018
GRR takes a look back at the year that was 2017: who were the movers and shakers, what took up the most column inches, and which were the most-read stories in the cross-border insolvency and restructuring world.
29 March 2018
Judge Martin Glenn of the US Bankruptcy Court for the Southern District of New York met with GRR in the Big Apple last November, to discuss his experiences of cross-border cooperation and court-to-court communication, and highlight some of the important work being carried out by UNCITRAL’s insolvency working group.
22 March 2018
Founding shareholder Ed Davis and partner Annette Escobar of Sequor Law in Miami discuss a hot topic in US cross-border recognition actions that some courts have seemingly interpreted at odds with the letter and spirit of Chapter 15, and which could effectively shut the door to a US forum for recognition of foreign insolvencies.
16 March 2018
The United Arab Emirates introduced its new bankruptcy law to much fanfare in December 2016. Now over a year since the legislation came into force, GRR speaks to local and international experts about its impact and the likely next steps in the regime’s development.
23 February 2018
Bob Wessels, professor emeritus of international insolvency law at Leiden University and expert counsel on restructuring and insolvency to the European Commission, discusses some powers insolvency practitioners may have when acting outside of their home jurisdiction.
09 February 2018
Jerome Small, a solicitor at Howard Kennedy in London, details some of the challenges for recovering cryptocurrencies in insolvency proceedings – especially where the owners are untraceable – and suggests that liability could end up lying with the employee or director who made the Bitcoin transfer.
31 January 2018
With the past year bringing new challenges to the EU’s Bank Resolution and Recovery Directive, GRR investigates why some bank restructurings appear to have followed the directive more closely than others – and what opposition to certain resolutions has demonstrated about the ability of European authorities to achieve their goals.