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

Features

Retail restructuring: The crumbling of brick-and-mortar business

Retail restructuring: The crumbling of brick-and-mortar business

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.

Europe column: Insolvency Regulation or Brussels I Regulation, that’s the question

Europe column: Insolvency Regulation or Brussels I Regulation, that’s the question

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.

The art of the ad hoc committee, present and future

The art of the ad hoc committee, present and future

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.

IATA Legal Symposium, Bangkok: An airline bankruptcy “to-do” list

IATA Legal Symposium, Bangkok: An airline bankruptcy “to-do” list

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.

Airline insolvencies: Interview with IATA’s John Middleton

Airline insolvencies: Interview with IATA’s John Middleton

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.

Hits of 2017

Hits of 2017

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.

An interview with Judge Martin Glenn

An interview with Judge Martin Glenn

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.

Asset recovery column: Must a debtor have a domicile, place of business or assets in the US to use Chapter 15?

Asset recovery column: Must a debtor have a domicile, place of business or assets in the US to use Chapter 15?

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.

UAE Bankruptcy Law: the early verdict

UAE Bankruptcy Law: the early verdict

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.

Europe column: The IP acting outside its home jurisdiction

Europe column: The IP acting outside its home jurisdiction

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.

The recoverability of Cryptocurrencies

The recoverability of Cryptocurrencies

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.

BRRD: Challenges to Europe’s resolution ambitions

BRRD: Challenges to Europe’s resolution ambitions

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.