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

Features

Changes, hopes and fears: China and Hong Kong Worked Out

Changes, hopes and fears: China and Hong Kong Worked Out

18 July 2019

GRR presents the latest in our Worked Out series, this time profiling China and Hong Kong. With headwinds including an extraordinary non-performing loan load, slowing growth, political tensions locally, and a trade war with the US, restructuring professionals in China and Hong Kong are getting ready for what’s around the corner.

Restructuring in Turkey: A new paradigm?

Restructuring in Turkey: A new paradigm?

20 June 2019

White & Case partners Ian Wallace in London and Güniz Gökçe in Istanbul, and local partner Ateş Turnaoğlu in Istanbul, discuss the outlook for restructuring in Turkey.

Europe column: Do soft law instruments matter in the insolvency arena?

Europe column: Do soft law instruments matter in the insolvency arena?

11 June 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, discuss a recent, detailed study they have completed on the role of soft law instruments in restructuring and insolvency law.

Sovereign debt column: Coming into the light?

Sovereign debt column: Coming into the light?

03 June 2019

Cleary Gottlieb Steen & Hamilton partners Andrew Shutter and Sui-Jim Ho in London, and Barthelemy Faye in Paris, discuss the recent attention paid to hidden sovereign debts in the light of the scandal that has hit Mozambique – and come up with some ideas for tackling them.

Using foreign judgments to get your debt paid under India’s Insolvency and Bankruptcy Code

Using foreign judgments to get your debt paid under India’s Insolvency and Bankruptcy Code

20 May 2019

Last year, the Ghanaian branch of African bank Stanbic became the first party to use an English judgment as evidence of a debt to trigger insolvency proceedings under India’s Insolvency and Bankruptcy Code 2016. The bank’s English counsel – Thomas Williams of Sultan Al-Abdulla & Partners, and Anna Booth and Michael Lee of Womble Bond Dickinson – explain how they did it.

Unpacked: How did they solve a problem like Mriya?

Unpacked: How did they solve a problem like Mriya?

17 May 2019

GRR looks back at the restructuring of Ukrainian farming conglomerate Mriya: how counsel got it across the line against a backdrop of more than US$1 billion in debt, expiring land leases, a former owner accused of embezzlement, a convoluted corporate structure spread across Ukraine and Cyprus, and – in its darkest hours – armed men in fields trying to seize assets by force.

Heads-up: Cyril Shroff at Cyril Amarchand Mangaldas in Mumbai

Heads-up: Cyril Shroff at Cyril Amarchand Mangaldas in Mumbai

01 May 2019

“There’s mountains of money sitting outside and there is a mountain of opportunity in India.” GRR meets Cyril Shroff of Cyril Amarchand Mangaldas, in the first of a new series of features profiling the heads of restructuring practices around the world and asking them for their industry forecasts.

IWIRC’s Asia Woman of the Year: Marie Rowbotham

IWIRC’s Asia Woman of the Year: Marie Rowbotham

26 April 2019

GRR interviews Marie Rowbotham, restructuring and insolvency director for PwC in Hong Kong, who was named the inaugural Asia Women of the Year by the International Women’s Insolvency and Restructuring Confederation at the end of last year.

GRR Live, Hong Kong: new questions for international insolvencies

GRR Live, Hong Kong: new questions for international insolvencies

25 April 2019

Hong Kong’s restructuring scene is one of the most cross-border in the world, with three quarters of its listed companies incorporated offshore and most restructurings having a mainland China connection. But the territory still lacks a statutory regime for cross-border recognition – as recently brought into focus in the restructuring of Singaporean engineering company CW Group. What does this mean for international insolvencies in the region?

ABI, Washington DC: The challenges of pursuing assets abroad

ABI, Washington DC: The challenges of pursuing assets abroad

23 April 2019

The General Data Protection Regulation (GDPR) has made it harder to get discovery in the EU, while it’s so easy in the US that some Latin American insolvency practitioners know about debtors’ foreign assets before the debtor even knows a foreign proceeding has been opened against them. Panellists from Florida, the Cayman Islands and Hong Kong recently discussed how to overcome the challenges of pursuing overseas assets.

India Column: Insolvency and Bankruptcy Code 2016 – evolution over the first two years

India Column: Insolvency and Bankruptcy Code 2016 – evolution over the first two years

15 April 2019

Pulkit Gupta and Rob Downey, directors at Ernst & Young India, talk through the evolution of the Indian Insolvency and Bankruptcy Code in its first two years and consider what to expect in the near future. They argue that, while the Code is not perfect, there has been a drastic improvement and it is the best possible law India could have hoped for in the circumstances.

GRR/INSOL Europe Roundtable: What will the post-Brexit insolvency landscape look like?

GRR/INSOL Europe Roundtable: What will the post-Brexit insolvency landscape look like?

02 April 2019

Is the UK set to become a “third state” when it leaves the EU? Will insolvency proceedings opened in the UK be recognised by member states? Can UK schemes of arrangement maintain their dominance in the market? And how will legislative changes shape the post-Brexit landscape? GRR invited nine distinguished guests to find out.