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

News

Akin Gump hires from Stroock & Stroock in NY

Akin Gump hires from Stroock & Stroock in NY

19 July 2019

Akin Gump Strauss Hauer & Feld has hired a new partner in New York from Stroock & Stroock & Lavan.

Madoff trustee agrees US$860 million recovery settlement with feeder fund liquidators

Madoff trustee agrees US$860 million recovery settlement with feeder fund liquidators

19 July 2019

The liquidating trustee of Bernard Madoff’s investment firm has reached an US$860 million clawback settlement with the liquidators of two British Virgin Islands-registered feeder funds.

Dia staves off insolvency filing as refinancing closes

Dia staves off insolvency filing as refinancing closes

19 July 2019

Spanish supermarket chain Dia has finally closed a refinancing deal with its principal shareholder and a syndicate of lenders, staving off an insolvency filing just days after it extended the deal’s long-stop date.

Clifford Chance hires in NY from Davis Polk

Clifford Chance hires in NY from Davis Polk

18 July 2019

Clifford Chance has hired a new partner in New York from Davis Polk & Wardwell.

Singapore venture fund enters judicial management

Singapore venture fund enters judicial management

18 July 2019

A Singaporean court has placed a local venture fund under judicial management, after hearing that its former managers allegedly withheld financial information to depress the company’s value and yield a lower recovery for shareholders.

Names to know in Hong Kong and China

Names to know in Hong Kong and China

18 July 2019

It’s not easy for foreign firms to get work in China, and local is everything. In both China and Hong Kong, having restructuring advisers and lawyers who understand the local market is invaluable. GRR presents a guide to the firms who are most active and most respected in both jurisdictions.

China – recent cases

China – recent cases

18 July 2019

A sample of mainland China's most notable recent cases

Hong Kong – recent cases

Hong Kong – recent cases

18 July 2019

A sample of Hong Kong's most notable recent cases

Imagine there’s no countries

Imagine there’s no countries

18 July 2019

“One country, two systems” is the principle governing Hong Kong and China’s constitutional arrangements. But their two restructuring and insolvency regimes haven’t always worked that well together. Now both jurisdictions are looking at a mutual recognition regime for insolvency matters and considering new measures for the recognition of foreign proceedings.

Singapore’s challenge to Hong Kong

Singapore’s challenge to Hong Kong

18 July 2019

A new restructuring regime in Singapore is shining the light on Hong Kong’s lack of a statutory regime at home.

“Things have worked because they had to”: restructuring without a regime in Hong Kong

“Things have worked because they had to”: restructuring without a regime in Hong Kong

18 July 2019

Hong Kong’s restructuring practitioners are, by necessity, creative. Without a restructuring and insolvency regime beyond the scheme of arrangement inherited from the British, practitioners have a “make-do-and-mend” approach aided by a supple judiciary and a can-do attitude among professionals.

Headwinds and opportunities in China

Headwinds and opportunities in China

18 July 2019

As a trade war with the US puts a squeeze on many Chinese industries, the government is pursuing a US$1 trillion-plus global investment project set to dramatically expand its cross-border engagement. Is this a perfect storm for the cross-border restructuring market?