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

Features

Names to know in Spain

Names to know in Spain

21 January 2020

GRR's guide to the firms and individuals you need to know in Spain's restructuring market.

Spain Worked Out: Spain’s reforms wish list

Spain Worked Out: Spain’s reforms wish list

21 January 2020

A new, consolidated Insolvency Act and the forthcoming transposition of the European preventive frameworks directive offer opportunities for change in Spain. But Spanish practitioners have other issues on their wish lists for reform too, including specific tweaks to the legislation to clarify points of contention, and broader desires, such as better resourcing of the Spanish courts.

Spain Worked Out: Economic stability, political instability

Spain Worked Out: Economic stability, political instability

21 January 2020

When GRR visited Spain last June, it was nearly three months after its third general election in as many years – but still without a functioning government – with predictions of a fourth general election and further political instability abound.

A victim of its own success? Spain Worked Out

A victim of its own success? Spain Worked Out

21 January 2020

GRR is happy to present the latest instalment in its Worked Out series, this time focusing on Spain - whose scheme mechanism in recent years has gained it a reputation as one of the 'best pupils' of international restructuring.

INSOL Insights: Rapid evolution in Chinese bankruptcy and reorganisation

INSOL Insights: Rapid evolution in Chinese bankruptcy and reorganisation

14 January 2020

King & Wood Mallesons restructuring partner Sam Kinsey shares her key takeaways from recent insolvency seminars in Beijing and Shanghai. There are positive signs, but considerable uncertainty remains, she says.

Cross-border Insolvency Protocol in Jet Airways: Innovations and Challenges

Cross-border Insolvency Protocol in Jet Airways: Innovations and Challenges

08 January 2020

Bob Wessels, professor emeritus of international insolvency law at Leiden University and expert counsel on restructuring and insolvency to the European Commission discusses the cross-border insolvency protocol between the Netherlands and India in the Jet Airways bankruptcy.

Changes for financial institutions in Ukraine’s restructuring and recoveries market

Changes for financial institutions in Ukraine’s restructuring and recoveries market

13 December 2019

Until recently Ukraine has been known as a high-risk country, provoking creditors’ fears of being caught up in a default with zero prospect of recovery. But Iryna Kalnytska, head of the restructuring and claims practice at Ukrainian firm GOLAW, says the situation has changed substantially over the past few years with reforms to Ukraine’s Bankruptcy Code and new legislation on creditors’ rights.

India column: The Insolvency & Bankruptcy Code’s next stage of maturity

India column: The Insolvency & Bankruptcy Code’s next stage of maturity

09 December 2019

EY India directors Pulkit Gupta and Rob Downey argue India’s insolvency framework is reaching a new stage of evolution due to important legislative developments and cases such as Essar Steel, Jet Airways and SEL Manufacturing.

Asset recovery column: The mechanics of the UNCITRAL Model Law on Enterprise Group Insolvency

Asset recovery column: The mechanics of the UNCITRAL Model Law on Enterprise Group Insolvency

04 December 2019

Sequor Law shareholder Leyza Blanco and attorney Raul Torrao in Miami discuss the United Nations Commission on International Trade Law (UNCITRAL)’s newly approved Model Law on Enterprise Group Insolvency.

Baha Mar and debtor-in-possession frameworks today

Baha Mar and debtor-in-possession frameworks today

29 November 2019

Charles Russell Speechlys partner Roger Elford in London discusses the restructuring of Bahamian hotel and casino resort Baha Mar, arguing it contrasted with recent developments in debtor-in-possession regimes across the world.

Sovereign debt column: Natural disaster clauses – shelter from the storm?

Sovereign debt column: Natural disaster clauses – shelter from the storm?

20 November 2019

Cleary Gottlieb Steen & Hamilton partner Sui-Jim Ho discusses “natural disaster clauses” in debt instruments and argues they can help disaster-hit countries avoid costly restructurings.

Heads-up: Stephen Moeller-Sally at Ropes & Gray in New York

Heads-up: Stephen Moeller-Sally at Ropes & Gray in New York

12 November 2019

“While India seems ripe with a lot of opportunity, there’s also a feeling that China is primed for a wave of restructurings": The co-head of Ropes & Gray’s restructuring practice Stephen Moeller-Sally talks to GRR about the professionalisation of distressed investing, the challenge of managing tensions in creditor groups, and why he believes foreign funds are going to be more active in US restructurings.