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

Features

US is biggest risk to global economy

US is biggest risk to global economy

18 January 2019

The biggest risk to global economic growth is not a trade war or excessive Chinese debt: it’s the US economy, says Matthew Hoffer, managing partner at Swiss advisory firm Spire Strategy.

Justice Nick Segal in session

Justice Nick Segal in session

09 January 2019

Taking a break from his busy schedule as judge in the Grand Court of the Cayman Islands and barrister in London, Justice Nick Segal met GRR to discuss the Gibbs rule and dissect his recent China Agrotech decision.

Names to know in Cayman

Names to know in Cayman

09 January 2019

Read on for all the judges, lawyers and other types of restructuring and insolvency advisers you need to know in the Cayman Islands.

On the map: Cayman worked out

On the map: Cayman worked out

09 January 2019

Cheaper than other financial centres, fast and flexible when necessary and with planned reforms on the horizon; can Cayman compete? GRR investigates

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.

Risky business: directors’ indemnities and exculpation in the Cayman Islands

Risky business: directors’ indemnities and exculpation in the Cayman Islands

02 November 2018

In the Cayman Islands, where there is no specific law on directors’ duties, it’s common for company articles of association or service contracts to limit or exclude directors’ liability or indemnity. Partner Nick Hoffman and senior associate Gráinne King from Harneys examine some of the key terms found in these limitation or exclusion clauses, as well as a number of fresh developments in Cayman Islands case law.

Names to know in Delaware

Names to know in Delaware

04 October 2018

Though Delaware plays host to some of the world’s largest bankruptcies, it boasts a relatively small community of lawyers – made up of local, national and international firms – and a slate of six specialist bankruptcy judges.

A well-oiled machine: Delaware worked out

A well-oiled machine: Delaware worked out

04 October 2018

Delaware has been one of the most important forums for the world’s largest bankruptcies for over three decades. In the latest of GRR’s Worked Out series, we probe what makes Delaware an attractive restructuring hub, from its experienced judges, to some fairly pioneering local rules - and see what other jurisdictions can learn from it.

UK insolvency law reform: where do we stand?

UK insolvency law reform: where do we stand?

02 October 2018

While the continuing Brexit negotiations leave many questions unanswered – not least in relation to the loss of the European Insolvency Regulation – it is also now clear that the UK is committed to reforming its insolvency law … and Chapter 11-Lite is the way we are headed says Howard Morris, head of the London business restructuring and insolvency group at Morrison Foerster.

Europe column: Modified universalism – what’s in a name?

Europe column: Modified universalism – what’s in a name?

02 October 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 theory of modified universalism as a way of governing cross-border insolvency, and whether this terminology is correct for the EU.

Asset recovery column: Tools in action

Asset recovery column: Tools in action

17 September 2018

Edward Davis and Annette Escobar, of Sequor Law in Miami, discuss a massive Ponzi scheme in Chile involving the execution of asset recovery and cross-border recognition tools in multiple jurisdictions.