Global Restructuring Review - Cross-border restructuring and insolvency legal news, features and events
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
When GRR visited Spain last June, it was nearly three months after its third general election in as many years – but still without a functioning government – with predictions of a fourth general election and further political instability abound.
21 January 2020
GRR is happy to present the latest instalment in its Worked Out series, this time focusing on Spain - whose scheme mechanism in recent years has gained it a reputation as one of the 'best pupils' of international restructuring.
14 January 2020
King & Wood Mallesons restructuring partner Sam Kinsey shares her key takeaways from recent insolvency seminars in Beijing and Shanghai. There are positive signs, but considerable uncertainty remains, she says.
08 January 2020
Bob Wessels, professor emeritus of international insolvency law at Leiden University and expert counsel on restructuring and insolvency to the European Commission discusses the cross-border insolvency protocol between the Netherlands and India in the Jet Airways bankruptcy.
13 December 2019
Until recently Ukraine has been known as a high-risk country, provoking creditors’ fears of being caught up in a default with zero prospect of recovery. But Iryna Kalnytska, head of the restructuring and claims practice at Ukrainian firm GOLAW, says the situation has changed substantially over the past few years with reforms to Ukraine’s Bankruptcy Code and new legislation on creditors’ rights.
09 December 2019
EY India directors Pulkit Gupta and Rob Downey argue India’s insolvency framework is reaching a new stage of evolution due to important legislative developments and cases such as Essar Steel, Jet Airways and SEL Manufacturing.
04 December 2019
Sequor Law shareholder Leyza Blanco and attorney Raul Torrao in Miami discuss the United Nations Commission on International Trade Law (UNCITRAL)’s newly approved Model Law on Enterprise Group Insolvency.
29 November 2019
Charles Russell Speechlys partner Roger Elford in London discusses the restructuring of Bahamian hotel and casino resort Baha Mar, arguing it contrasted with recent developments in debtor-in-possession regimes across the world.
20 November 2019
Cleary Gottlieb Steen & Hamilton partner Sui-Jim Ho discusses “natural disaster clauses” in debt instruments and argues they can help disaster-hit countries avoid costly restructurings.
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.
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.