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

Features

GRR Live Hong Kong: Harris J on mutual recognition and pushback on Singapore moratoria

GRR Live Hong Kong: Harris J on mutual recognition and pushback on Singapore moratoria

08 November 2018

Mr Justice Jonathan Harris, the judge in charge of Hong Kong’s company law and insolvency law cases, used his keynote at GRR Live to call for a mutual recognition protocol for insolvency orders between mainland Chinese courts and their Hong Kong counterparts, and to raise scepticism over the cross-border moratorium provisions in Singapore’s recent restructuring reforms – the subject of his recent decision in CW Technologies.

Risky business: directors’ indemnities and exculpation in the Cayman Islands

Risky business: directors’ indemnities and exculpation in the Cayman Islands

02 November 2018

In the Cayman Islands, where there is no specific law on directors’ duties, it’s common for company articles of association or service contracts to limit or exclude directors’ liability or indemnity. Partner Nick Hoffman and senior associate Gráinne King from Harneys examine some of the key terms found in these limitation or exclusion clauses, as well as a number of fresh developments in Cayman Islands case law.

Names to know in Delaware

Names to know in Delaware

04 October 2018

Though Delaware plays host to some of the world’s largest bankruptcies, it boasts a relatively small community of lawyers – made up of local, national and international firms – and a slate of six specialist bankruptcy judges.

A well-oiled machine: Delaware worked out

A well-oiled machine: Delaware worked out

04 October 2018

Delaware has been one of the most important forums for the world’s largest bankruptcies for over three decades. In the latest of GRR’s Worked Out series, we probe what makes Delaware an attractive restructuring hub, from its experienced judges, to some fairly pioneering local rules - and see what other jurisdictions can learn from it.

UK insolvency law reform: where do we stand?

UK insolvency law reform: where do we stand?

02 October 2018

While the continuing Brexit negotiations leave many questions unanswered – not least in relation to the loss of the European Insolvency Regulation – it is also now clear that the UK is committed to reforming its insolvency law … and Chapter 11-Lite is the way we are headed says Howard Morris, head of the London business restructuring and insolvency group at Morrison Foerster.

Europe column: Modified universalism – what’s in a name?

Europe column: Modified universalism – what’s in a name?

02 October 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 theory of modified universalism as a way of governing cross-border insolvency, and whether this terminology is correct for the EU.

Asset recovery column: Tools in action

Asset recovery column: Tools in action

17 September 2018

Edward Davis and Annette Escobar, of Sequor Law in Miami, discuss a massive Ponzi scheme in Chile involving the execution of asset recovery and cross-border recognition tools in multiple jurisdictions.

“Freefall”: A GRR Lehman special

“Freefall”: A GRR Lehman special

15 September 2018

A decade ago, on 15 September 2008, Lehman Brothers Holdings filed the biggest Chapter 11 filing in history, plunging the world into an economic vortex from which it has still not fully escaped. Douglas Thomson investigates the legacy that the collapsed bank left on cross-border insolvency law and what the next “Lehman” might look like.

European Insolvency and Restructuring Congress, Brussels: British academic chooses EU over UK post-Brexit

European Insolvency and Restructuring Congress, Brussels: British academic chooses EU over UK post-Brexit

03 September 2018

European lawyers and advisers will have opportunities to muscle in on UK restructuring work in the wake of Brexit and possible changes to the Gibbs rule, a British academic told attendees at the German Bar Association’s 7th European Insolvency and Restructuring Congress.

Europe column: Money, that’s what I want!

Europe column: Money, that’s what I want!

24 August 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 position of foreign creditors in the EU and the rules governing their filing of claims in another member state.

Philosophers and streetfighters: Ukraine worked out

Philosophers and streetfighters: Ukraine worked out

13 August 2018

In the second of our Worked Out series, GRR looks at Ukraine, where an economic, military and political crisis has spurred a wealth of restructuring work. So far, much of that work has gone overseas – can Ukraine bring it back, and what do outside practitioners need to know when they get there? By Declan Bush

Names to know in Ukraine

Names to know in Ukraine

13 August 2018

Ukraine’s restructuring and insolvency market is a relatively small field, but that makes for concentrated expertise. Local firms adapted their banking and finance practices to advise on restructurings during the boom of 2015, and non-Ukrainian firms have worked since then to secure international financing for Ukrainian companies.