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

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Sidley makes seventh raid on Kirkland in London

Sidley makes seventh raid on Kirkland in London

07 October 2016

A Kirkland & Ellis restructuring partner has moved to Sidley Austin, following six of his colleagues in related practices who made the same move in March this year.

Sixth Circuit disputes “equitable mootness” doctrine in refusing review of Detroit bankruptcy plan

Sixth Circuit disputes “equitable mootness” doctrine in refusing review of Detroit bankruptcy plan

07 October 2016

A US appeals court has dismissed a complaint by Detroit pension holders against the city’s Chapter 9 bankruptcy plan, but was divided over the legal grounding and constitutional compatibility of the doctrine the denial was based upon.

Down Under DIY chain’s winding-up postponed for arbitration

Down Under DIY chain’s winding-up postponed for arbitration

06 October 2016

Australia’s highest court has stayed winding-up proceedings for an Australasian home improvement business, allowing an arbitrator to resolve a shareholders dispute between its Australian and US owners.

Kirkland, Goodwin Procter and Curtis announce promotions in US and Europe

Kirkland, Goodwin Procter and Curtis announce promotions in US and Europe

06 October 2016

In the past week, Kirkland & Ellis, Goodwin Procter and Curtis Mallet-Prevost Colt & Mosle have announced promotions, making up restructuring lawyers on both sides of the pond.

Amid merger talks, Olswang’s restructuring head jumps ship for McDermott

Amid merger talks, Olswang’s restructuring head jumps ship for McDermott

06 October 2016

Olswang’s head of restructuring Alicia Videon has resigned her post to join McDermott Will & Emery, less than a week after her former firm entered merger discussions with CMS and Nabarro.

NEW YORK: how distressed investors can avoid reputational damage in Latin America

NEW YORK: how distressed investors can avoid reputational damage in Latin America

05 October 2016

Private equity buyers looking to snap up distressed assets in Latin America must evaluate reputational damage to differentiate between a great opportunity and a trap in disguise, lawyers from Colombia, Argentina, Brazil and Chile have warned.

Pacific Exploration sells stake in Brazilian oil field

Pacific Exploration sells stake in Brazilian oil field

05 October 2016

The Ontario Superior Court of Justice has approved Canadian-Colombian oil company Pacific Exploration’s plan to sell its stake in exploration projects in Brazil as part of its restructuring efforts.

New York court throws out FDIC receiver’s suits against Citibank and BNY

New York court throws out FDIC receiver’s suits against Citibank and BNY

05 October 2016

A US court has ruled that liabilities transferred as part of the wind-down of Texas-based Guaranty Bank can no longer be pursued by the bank’s receiver, the Federal Deposit Insurance Corporation (FDIC), under New York and Delaware law.

Greek debt restructuring award survives annulment challenge

Greek debt restructuring award survives annulment challenge

04 October 2016

A Slovakian bank has failed to annul an arbitral award arising from Greece’s 2012 sovereign debt restructuring, in which a tribunal rejected claims that Greek government bonds were investments protected by treaty rights.

US court filings show Toshiba Samsung rehabilitation dismissed in Korea

US court filings show Toshiba Samsung rehabilitation dismissed in Korea

03 October 2016

A Seoul Court has dismissed the rehabilitation proceedings of Toshiba Samsung Storage Technology in favour of liquidation, a move that may end the joint venture company’s protection under Korea’s Debtor Rehabilitation and Bankruptcy Act in a matter of weeks.

Wyly reaches US$198 million deal with SEC over fraud claims

Wyly reaches US$198 million deal with SEC over fraud claims

03 October 2016

Former Texas billionaire Sam Wyly has reached a deal with the US’s Securities and Exchange Commission (SEC) to settle securities fraud claims related to a series of trusts he created in the Isle of Man with his late brother.

Introducing The New Insolvency Advisers

Introducing The New Insolvency Advisers

03 October 2016

Global Restructuring Review is pleased to present our latest survey: a look at the future leaders in the insolvency and restructuring advisory sphere.