Global Restructuring Review - Cross-border restructuring and insolvency legal news, features and events
01 April 2020
Goodwin Procter partner Simon Thomas and associate Emily Lockhart in London argue that, when the economy returns to normal, UK officeholders will be “in a prime position” to deal with the challenges of realising crytoassets for the benefit of creditors.
31 March 2020
Alexandra Szekely, partner at French litigation boutique Le 16 Law, examines the measures introduced by the French government to stave off large-scale corporate collapses in response to the COVID-19 pandemic.
25 March 2020
Sequor Law shareholder Leyza Blanco and attorney Daniel Coyle in Miami discuss the emerging trend in US federal and bankruptcy courts regarding service of subpoenas under rule 45(b)(1) of the Federal Rules of Civil Procedure.
17 March 2020
“There’s fear and panic right now and there’s no real way to quell that.” Fresh off the back of the Turnaround Management Association’s distressed investment conference in Las Vegas, GRR spoke to the organisation’s CEO, Scott Stuart, about coronavirus-induced confidence in distressed markets and how firms are set up to deal with the forthcoming economic shockwaves.
03 March 2020
Brown Rudnick partners Charlotte Møller and Tracy Fisher, and associate Lucy Hartland in London, examine how the UK tax authority’s elevation to preferential creditor status in insolvencies may impact other creditors and lending - and provide a summary of the government's response to (largely negative) feedback on the changes.
02 March 2020
Harneys partner Jayson Wood, consultant Lorinda Peasland and associate Charles Wong explain how the successful restructurings of Cayman Islands companies listed on the Hong Kong Stock Exchange have highlighted the flexibility and agility of the cross-border insolvency and restructuring regimes in both the Cayman Islands and Hong Kong.
20 February 2020
In the latest in GRR’s Unpacked series, the practitioners tasked with solving a US$3.5 billion multi-jurisdictional puzzle discuss how frustrated shareholders, regulatory interventions and a disgruntled ex-employee’s blog made Noble’s restructuring one for the ages.
18 February 2020
“If you can use your ingenuity to identify how stakeholders will benefit from the restructuring, you will get past the lack of a legal framework.” Offshore firm Harneys’ Asia managing partner Ian Mann and head of restructuring in Asia Chai Ridgers speak to GRR about China Agrotech, commodities and restructuring without a cross-border framework in Asia.
07 February 2020
The spotlight is now back on the role of directors in pre-pack deals following the English High Court’s recent decision on the fiduciary duties directors owe following a company's insolvency. Walkers partners Nigel Sanders, Adam Cole and Gavin Smith consider how those principles translate in the Channel Islands and Ireland.
21 January 2020
GRR's guide to the firms and individuals you need to know in Spain's restructuring market.
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.
21 January 2020
Spain had no pre-petition restructuring tool until 2009. Its first attempt to create one was rather limited. The legislation wasn’t clear on the requirements for the petition itself, and Spanish courts construed it in very different ways, with some interpreting it as granting a temporary moratorium during which the debtor could attempt to strike a deal, but after which it would still be required to enter insolvency proceedings at the end.