Global Restructuring Review - Cross-border restructuring and insolvency legal news, features and events
01 July 2020
“A party seeking to arbitrate claims against a debtor in a US bankruptcy proceeding faces an uphill climb”: Vinson & Elkins restructuring counsel Kevin Heverin in London and senior associate Jessica Peet in New York, team up with international arbitration partner Louise Woods, counsel Adrianne Goins and trainee solicitor Elena Guillet, to explore some of the practical issues stemming from different policy considerations behind insolvency and arbitration laws across Europe and the US.
26 June 2020
London-based Fieldfisher partner Robin Spender and senior associate George Murphy examine the opportunities for distressed investors in the post-covid-19 world. Private equity has never been so cash rich, they say, and assets will rarely represent such value for money.
25 June 2020
On the back of the UK Supreme Court’s recent decision in Bresco, Latham & Watkins partner Jessica Walker examines the interaction between adjudication and the insolvency set-off regime.
15 June 2020
Partner Nikolay Pokryshkin, senior associate Dmitry Vlasov and associate Anastasia Shkvarova at Kulkov, Kolotilov & Partners in Moscow look at the peculiarities of airline insolvency in Russia, from the complex calculation of claims arising from lease agreements, to how Russian courts have dealt with English law.
11 June 2020
In the second part of his feature examining the “predictable uncertainties” in any eventual restructuring of Venezuela’s debt, Steven Kargman of Kargman Associates looks at the role China and Russia have to play as major bilateral creditors of Venezuela, and details the importance of oil price projections for any future debt sustainability analysis.
10 June 2020
In the first of a two-part feature, Steven Kargman, founder and president of the eponymous New York-based international restructuring advisory firm Kargman Associates, examines the “predictable uncertainties” that will be key to any future Venezuelan debt restructuring.
20 May 2020
Partner Fabiana Solano and associate Thiago Dias Costa at Felsberg Advogados in Saõ Paulo discuss new rules on substantive consolidation of debtors’ assets in the draft bankruptcy bill pending before Brazil’s Congress. While the new rules offer a clear improvement to the current regime, the authors argue the terms under which they are proposed to apply may result in different interpretations and ongoing uncertainty.
07 May 2020
“The first week was like a big storm.” Hélène Bourbouloux, the managing partner and co-founder of French boutique FHB, discusses how the pandemic could lead to the modernisation of France's insolvency regime, how private equity and hedge funds could provide solutions for struggling companies, and why she thinks the European Commission should relax its competition regulations.
01 May 2020
After a long-awaited ruling by the Singapore Court of Appeal, Debby Lim of restructuring and insolvency boutique BlackOak and Arvin Lee of Wee Swee Teow in Singapore consider how creditors may seek to circumvent an arbitration agreement by means of a winding-up petition and how a debtor can combat such moves.
01 May 2020
GRR's guide to the firms and individuals you need to know in Brazil's restructuring market.
01 May 2020
The uncertainty in the Brazilian restructuring market has made it difficult to attract local investors, but there are signs that foreign investments are on the uptick. There is still work to be done, and lawyers say fixing the country’s DIP financing legislation would be a good start.
01 May 2020
Unlike in other jurisdictions, shareholders have historically played a powerful role in Brazilian restructurings, while a small band of the country’s banks have been able to sit outside negotiations, unwilling to accept haircuts. Are things going to change?