Global Restructuring Review - Cross-border restructuring and insolvency legal news, features and events
21 December 2018
The collapse of UK construction firm Carillion in January sent shockwaves through the restructuring world, but could the UK government’s proposed insolvency reforms have helped save the company?
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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