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