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

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Jersey court distributes Yugoslav refinancing trust assets to successor states

Jersey court distributes Yugoslav refinancing trust assets to successor states

17 May 2019

A Jersey court has ended a 15-year deadlock over how to split the assets of a former Yugoslav state-owned trust among five of the country’s successor states, in the tale of a sovereign debt refinancing waylaid by war.

Unpacked: How did they solve a problem like Mriya?

Unpacked: How did they solve a problem like Mriya?

17 May 2019

GRR looks back at the restructuring of Ukrainian farming conglomerate Mriya: how counsel got it across the line against a backdrop of more than US$1 billion in debt, expiring land leases, a former owner accused of embezzlement, a convoluted corporate structure spread across Ukraine and Cyprus, and – in its darkest hours – armed men in fields trying to seize assets by force.

GRR Awards 2019 – litigation

GRR Awards 2019 – litigation

17 May 2019

The list of nominees for “Most significant restructuring or insolvency-related litigation” at the GRR Awards 2019 is out.

Croatia’s Uljanik shipyard enters bankruptcy

Croatia’s Uljanik shipyard enters bankruptcy

16 May 2019

A shipyard in the Croatian city of Pula has entered bankruptcy proceedings after years of struggle, but looks unlikely to receive state support in the form of an emergency restructuring as Agrokor did.

Ferrier Hodgson appointed over lossmaking Hyflux asset

Ferrier Hodgson appointed over lossmaking Hyflux asset

16 May 2019

As Singaporean water treatment company Hyflux announces new interest from potential overseas investors, Malaysia’s Maybank has appointed Ferrier Hodgson as receivers over its major asset – a water treatment facility whose lossmaking performance dragged the company into insolvency.

GRR Awards 2019 - jurisdiction

GRR Awards 2019 - jurisdiction

16 May 2019

GRR Awards 2019: the nominees for the “Jurisdiction of the year” award are now online.

International Insolvency Forum, St Petersburg: Building bridges with UNCITRAL

International Insolvency Forum, St Petersburg: Building bridges with UNCITRAL

16 May 2019

The UNCITRAL Model Law on Enterprise Group Insolvency will be ready for adoption in July, the commission’s secretary Anna Joubin-Bret has said.

GRR Awards 2019 - cooperation

GRR Awards 2019 - cooperation

15 May 2019

Nominees in three categories have already been revealed for the GRR Awards 2019. Up next is the shortlist for “Cross-border cooperation in a specific restructuring or insolvency matter”.

R&H Restructuring hires former EY director in the Cayman Islands

R&H Restructuring hires former EY director in the Cayman Islands

15 May 2019

Recently rebranded boutique R&H Restructuring has hired former EY executive director Claire Loebell in the Cayman Islands.

Stephenson Harwood advising as Bolton Wanderers kicks off administration

Stephenson Harwood advising as Bolton Wanderers kicks off administration

15 May 2019

Paul Appleton and Asher Miller of David Rubin & Partners have been appointed joint administrators of English football club Bolton Wanderers.

GRR Awards 2019 – Innovation

GRR Awards 2019 – Innovation

14 May 2019

With two lists already revealed, we are delighted to unveil our third list of nominees for the GRR Awards 2019, for the “Innovation in cross-border restructuring and insolvency” category.

New York court refuses summary judgment over “sham” Indonesian PKPU

New York court refuses summary judgment over “sham” Indonesian PKPU

14 May 2019

Objecting noteholders of Indonesian telecoms company Bakrie Telecom have failed in their effort to block Chapter 15 recognition of the company’s Jakarta debt restructuring through summary judgment.