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

News

Community round-up: Squire Patton Boggs hires two partners in DC

Community round-up: Squire Patton Boggs hires two partners in DC

08 January 2019

Squire Patton Boggs has added two partners to its restructuring and insolvency group in Washington DC, while further up the East Coast Seward & Kissel and Richards Kibbe & Orbe have announced promotions in New York.

Delaware court rejects California’s jurisdiction plea in adversary proceeding

Delaware court rejects California’s jurisdiction plea in adversary proceeding

07 January 2019

The Delaware bankruptcy court will hear an adversary proceeding filed against California, after overruling jurisdictional objections and state sovereignty arguments under the Eleventh Amendment of the US Constitution.

Pillsbury lawyer joins Thompson Hine as partner

Pillsbury lawyer joins Thompson Hine as partner

07 January 2019

New York firm Thompson Hine has hired David Forsh of Pillsbury Winthrop Shaw Pittman as a partner in Manhattan.

Monarch engineering arm enters administration with KPMG and Shoosmiths

Monarch engineering arm enters administration with KPMG and Shoosmiths

07 January 2019

Shoosmiths is advising KPMG as administrators to the engineering arm of the UK’s defunct Monarch Airlines, after a turnaround plan failed to help the company deal with the impact of the airline’s 2017 collapse.

Creditors approve Isolux restructuring in Brazil

Creditors approve Isolux restructuring in Brazil

07 January 2019

Creditors of the multinational construction group Isolux have approved a judicial reorganisation plan in Brazil.

China Fishery’s Cayman parent barred from HSBC adversary claim

China Fishery’s Cayman parent barred from HSBC adversary claim

04 January 2019

A New York court has barred China Fishery Group’s Cayman parent from intervening in an adversary case brought by the trustee of one of its subsidiaries against HSBC - which stands accused of “unbridled overreach” in enforcing its interests.

King & Spalding partner joins Proskauer Rose in London

King & Spalding partner joins Proskauer Rose in London

04 January 2019

Proskauer Rose has hired a King & Spalding partner whose past experience saw her work in Germany and Italy, in London.

Kirkland advising womenswear company on plus-sized pre-pack

Kirkland advising womenswear company on plus-sized pre-pack

04 January 2019

A plus-sized women’s clothier advised by Kirkland & Ellis, PJT Partners and AlixPartners will file a Chapter 11 later this month to reduce its debt by US$900 million.

Harneys announces New Year promotions

Harneys announces New Year promotions

04 January 2019

Offshore firm Harneys has announced the promotions of four restructuring and insolvency partners across its BVI, Cayman and Hong Kong offices.

ECB brings in Freshfields partner after Italian bank’s turnaround plan collapses

ECB brings in Freshfields partner after Italian bank’s turnaround plan collapses

03 January 2019

The European Central Bank has placed Italy’s Banca Carige into temporary administration, appointing a Freshfields Bruckhaus Deringer partner to help run it after shareholders refused to back a rescue plan.

BakerHostetler adds new managing partner in LA

BakerHostetler adds new managing partner in LA

03 January 2019

Veteran bankruptcy lawyer Eric Sagerman has joined US firm BakerHostetler as the managing partner of its Los Angeles office.

Cayman litigation firm KSG launches new practice with HSM hire

Cayman litigation firm KSG launches new practice with HSM hire

02 January 2019

Two-year-old Cayman Islands litigation firm KSG Attorneys at Law has launched an offshore insolvency and restructuring practice with the hire of a Canadian national from established local outfit HSM Chambers.