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

Features

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.

GRR Live - IWIRC London: KPMG chief economist opens first Women in Restructuring conference

GRR Live - IWIRC London: KPMG chief economist opens first Women in Restructuring conference

08 November 2019

KPMG chief economist Yael Selfin predicted interest rates would remain low for decades, but warned they could leave central banks out of options if there’s a “correction” in the fragmented European bank market, in a keynote that kicked off GRR’s first-ever women’s event co-organised with IWIRC London.

INSOL International’s president Julie Hertzberg on diversity, youth engagement and cars

INSOL International’s president Julie Hertzberg on diversity, youth engagement and cars

07 November 2019

INSOL International’s first female president, Alvarez & Marsal managing director Julie Hertzberg in Detroit, tells GRR why diversity is the key policy of her presidency, how professional associations can engage with young people; and why there is increased awareness of how to make the most of restructuring regimes in other jurisdictions.

Names to know in Indonesia

Names to know in Indonesia

31 October 2019

To be successful in Indonesia, relationships are everything. GRR presents a guide to the firms and individuals it’s essential to know in Indonesia’s restructuring market.

Try to be good – avoiding corruption in Indonesia’s restructurings

Try to be good – avoiding corruption in Indonesia’s restructurings

31 October 2019

Indonesia has a reputation for casual corruption, allied with a court system riddled with inefficiencies both innocent and malign. That has scared off a lot of non-Indonesians from entering the country – but it isn’t difficult for practitioners, especially on the corporate side, to build a successful practice with clean hands.

There’s always a deal to be done: conflict and cooperation in Indonesia

There’s always a deal to be done: conflict and cooperation in Indonesia

31 October 2019

Indonesia’s bankruptcy law provides remarkable latitude for workouts, so long as they can get creditor support – but the efforts to reach those compromises can see both sharp practices and consensual negotiation.

An unpredictable landscape

An unpredictable landscape

31 October 2019

Forged in the fires of the Asian financial crisis, Indonesia’s bankruptcy law has some surprising idiosyncrasies and encourages a restructuring culture defined by pragmatism and flexibility. In other words, it doesn’t look like any other bankruptcy law in the world.

An unpredictable landscape: Indonesia Worked Out

An unpredictable landscape: Indonesia Worked Out

31 October 2019

The latest in GRR's 'Worked Out' series examines Indonesia, one of the most populous and resource-rich economies in the world – but one where restructurings can be unpredictable and deals opaque. By Douglas Thomson in Jakarta and Singapore

Heads-up: Brad Eric Scheler at Fried Frank in New York

Heads-up: Brad Eric Scheler at Fried Frank in New York

14 October 2019

“I’m a big believer in Sir Isaac Newton’s law that what goes up, must come down.” The long-time chair of Fried Frank’s restructuring and insolvency practice, Brad Eric Scheler, tells GRR about the “magic” of distressed investing, how his firm uses restructuring as a client gateway to other practice areas, and why he believes restructuring lawyers are the last of the Renaissance lawyers.

India Column: A new framework for distressed debt resolution

India Column: A new framework for distressed debt resolution

03 October 2019

Pulkit Gupta and Rob Downey, directors at Ernst & Young India, walk through a new framework for the resolution of distressed debt that India’s Reserve Bank issued in June. There are concerns, but there are also opportunities to be seized, they say.

Of systemic importance: the race to save Agrokor

Of systemic importance: the race to save Agrokor

27 September 2019

GRR unpacks one of Europe’s most significant restructurings in recent years: that of Croatian food conglomerate Agrokor. An international team of lawyers and advisers reveal the race against time to rescue a company so enmeshed in the Balkan economy that a special law was created for the job.

Europe column: the ethical IP

Europe column: the ethical IP

20 September 2019

Bob Wessels, professor emeritus of international insolvency law at Leiden University and expert counsel on restructuring and insolvency to the European Commission, and Gert-Jan Boon, researcher/lecturer at Leiden University, scruitinise INSOL International’s recently adopted and published Ethical Principles for Insolvency Professionals.