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Litigator joins Quinn Emanuel from Kirkland & Ellis

Litigator joins Quinn Emanuel from Kirkland & Ellis

19 January 2016

Quinn Emanuel Urquhart & Sullivan has hired a litigator with experience in supporting insolvency-related proceedings from Kirkland & Ellis in New York.

Robins Kaplan hires new practice co-chair from Brown Rudnick

Robins Kaplan hires new practice co-chair from Brown Rudnick

19 January 2016

US firm Robins Kaplan has hired a partner with more than 30 years’ experience, H Jeffrey Schwartz, from Brown Rudnick in New York, to co-chair its restructuring and bankruptcy practice.

High Court approves serve out to Guernsey for Hellas fraud hearing

High Court approves serve out to Guernsey for Hellas fraud hearing

15 January 2016

The UK High Court has granted permission for liquidators of Greek telecoms company Hellas Telecommunications to serve out forms in Guernsey, as they seek to bring fraud claims against the company’s former owners – weeks after a separate Luxembourg ruling against Hellas.

Abe leaves Baker & McKenzie to start new Tokyo firm

Abe leaves Baker & McKenzie to start new Tokyo firm

15 January 2016

Former Baker & McKenzie partner Shinichiro Abe has left the firm’s office in Tokyo to set up his own practice.

Insurers sue Puerto Rico for “unconstitutional” debt clawbacks

Insurers sue Puerto Rico for “unconstitutional” debt clawbacks

15 January 2016

Two financial insurers are suing Puerto Rico for allegedly breaching the US Constitution, after the island’s governor clawed back funds meant for infrastructure agencies to repay debt.

Singaporean High Court grants stay ahead of creditors’ meetings

Singaporean High Court grants stay ahead of creditors’ meetings

13 January 2016

In the first written ruling of its type, the Singapore High Court has granted three international companies a temporary stay of proceedings against a struggling petrochemicals plant, before they had even applied to set up creditors’ meetings for a scheme of arrangement.

AlixPartners appoints new CEO

AlixPartners appoints new CEO

11 January 2016

Global advisory firm AlixPartners has announced the appointment of a new CEO who is a specialist in restructuring.

UK High Court grants worldwide freezing orders to Cayman companies despite delay

UK High Court grants worldwide freezing orders to Cayman companies despite delay

11 January 2016

The UK High Court has granted three insolvent Cayman companies a worldwide freezing order at the request of a Cayman court, in support of local proceedings against their sole director and shareholder.

New York court recognises Spanish gamer’s UK scheme

New York court recognises Spanish gamer’s UK scheme

08 January 2016

A New York bankruptcy court has granted Chapter 15 recognition of a €1.2 billion UK High Court-approved scheme of arrangement submitted by a British subsidiary of Spanish gaming group Codere.

UK High Court adjourns bankruptcy pending Spanish liquidation

UK High Court adjourns bankruptcy pending Spanish liquidation

08 January 2016

In a dispute over a €200 million debt that has already sparked liquidation proceedings in Spain, the English High Court has adjourned a bankruptcy filing against a property mogul, finding that it would only benefit two Luxembourg-based funds at the expense of other creditors.

Danish firm hires from local rival

Danish firm hires from local rival

08 January 2016

Danish firm Plesner has hired the head of the insolvency and restructuring practice at another Danish firm, Bruun & Hjejle, as a partner in its Copenhagen office.

Martin Shkreli's former pharmaceutical company files for bankruptcy

Martin Shkreli's former pharmaceutical company files for bankruptcy

06 January 2016

A pharmaceutical company formerly owned by indicted drugs investor Martin Shkreli has filed for bankruptcy just under two weeks after his arrest on charges of securities fraud at another drug manufacturer.