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

Features

The position and rights of secured creditors in a Cayman liquidation

The position and rights of secured creditors in a Cayman liquidation

10 August 2018

While secured creditors are usually better off than unsecured ones, they can face a number of pitfalls as a result of much-overlooked Cayman law, warn partner Nick Hoffman and senior associate Katie Pearson from Harneys in Grand Cayman.

“The whole COMI concept is one where the jury is still out”: An interview with retired SDNY bankruptcy judge Robert Gerber

“The whole COMI concept is one where the jury is still out”: An interview with retired SDNY bankruptcy judge Robert Gerber

01 August 2018

GRR met retired judge Robert Gerber, formerly of the US Bankruptcy Court for the Southern District of New York, as he gave his thoughts on how cross-border bankruptcy cases have evolved over time, and outlined his concerns about the use of the concept of the centre of main interests (COMI) in international insolvency proceedings.

GRR Live London: Could Chapter 11 have saved Carillion? CVAs, pre-packs and accountability in restructuring

GRR Live London: Could Chapter 11 have saved Carillion? CVAs, pre-packs and accountability in restructuring

25 July 2018

Looming questions about struggling retail companies, the use of company voluntary arrangements to help restructure them, and the accountability of the insolvency professionals at the helm dominated discussion at this year’s GRR Live London.

GRR Live London: 2018 – the year of the CVA

GRR Live London: 2018 – the year of the CVA

20 July 2018

Dubbed “the year of the CVA”, so far 2018 has seen troubles on the UK high street, as well as the demise of public contractor Carillion and the fall of Monarch Airlines. Panellists at the third annual GRR Live London conference discussed the lessons learned so far and looked to what the next 12 months will bring.

Singapore Worked Out

Singapore Worked Out

05 June 2018

GRR profiles Singapore in the first of a new type of feature, assessing different jurisdictions around the world to see how amenable they are for cross-border insolvency and restructuring.

Names to know in Singapore

Names to know in Singapore

05 June 2018

Singapore's judges, local firms, international firms and non-law practitioners.

One-to-one with Singapore’s senior minister of state Indranee Rajah

One-to-one with Singapore’s senior minister of state Indranee Rajah

05 June 2018

GRR sat down with Singapore's then senior minister of state for law Indranee Rajah to discuss why Singapore has pursued ambitions to be an insolvency hub, and how she sees its further development in the area.

GRR meets Singapore’s Justice Aedit Abdullah

GRR meets Singapore’s Justice Aedit Abdullah

29 May 2018

Since he joined Singapore’s High Court in 2014 as a judicial commissioner, a striking number of its major insolvency cases have had Aedit Abdullah’s name on them. Now the former prosecutor has accepted an invitation to join the court on a permanent basis as a judge. GRR sat down with him at the Supreme Court in March.

Retail restructuring: The crumbling of brick-and-mortar business

Retail restructuring: The crumbling of brick-and-mortar business

17 May 2018

Retail apocalypse, retail graveyard, the “zombie high street”: call it what you like; things aren’t looking good for brick-and-mortar retailers. Drawing on exclusive interviews and discussions at industry events and examining specific cases in the UK and elsewhere, GRR’s Jessica McKay explores why an increasing number of retailers are facing financial difficulties, assesses the tools available to restructure them, and gathers predictions for the path that lies ahead.

Europe column: Insolvency Regulation or Brussels I Regulation, that’s the question

Europe column: Insolvency Regulation or Brussels I Regulation, that’s the question

20 April 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 troublesome relationship between the European Insolvency Regulation and the Brussels I Regulation concerning jurisdiction and enforcement of judgments in civil and commercial matters.

The art of the ad hoc committee, present and future

The art of the ad hoc committee, present and future

12 April 2018

From small beginnings, ad hoc committees have grown in importance in recent years to become leaders in the restructuring space. GRR gathers insights from the editors and authors of a new guide on the delicate art of representing ad hoc committees and negotiating with them.

IATA Legal Symposium, Bangkok: An airline bankruptcy “to-do” list

IATA Legal Symposium, Bangkok: An airline bankruptcy “to-do” list

04 April 2018

Start early, know the terms of your aircraft financing, work with the trade body and use Chapter 11: this was the essential advice panellists gave to aircraft carriers preparing for a bankruptcy situation at the International Air Transport Association’s (IATA) Legal Symposium in Bangkok.