Community news
Rothschild hires new restructuring co-head
A long-time Lazard banker with credits on the Chapter 11 bankruptcies of opioid maker Insys Therapeutics and Japanese airbag manufacturer Takata has joined Rothschild & Co’s restructuring practice in New York as global co-head.
26 September 2023
All female boutique expands in Cayman
A year after it launched in the Cayman Islands, all female insolvency, litigation and regulatory boutique Claritas has expanded with the addition of a former barrister who previously worked at Walkers in Singapore.
20 September 2023
Baker & Partners brings in new partner to grow BVI offering
A cross-border civil fraud and asset-recovery specialist has joined Baker & Partners in the British Virgin Islands, after working for the firm as a consultant for two months.
20 September 2023
IWIRC reveals Asia Women of the Year for 2023
The International Women's Insolvency and Restructuring Confederation has named Nishimura & Asahi partner Yuri Sugano as its Asia Woman of the Year in Restructuring for 2023, at its first international conference outside North America.
19 September 2023
Model Law draftsman responds to COMI proposals
Responding to a letter urging UNCITRAL to abolish the concept of centre of main interests, one of the architects of the Model Law on Cross-Border Insolvency has warned that changing the eligibility requirement for recognition will not eliminate the possibility of litigation by opportunistic opponents.
15 September 2023
Leading academics and lawyers urge UNCITRAL to replace the concept of COMI
The use of a debtor’s centre of main interests to determine the place where a foreign main proceeding should take place under the UNCITRAL Model Law is a “major flaw” that undermines the ability of insolvency law to reorganise viable businesses, according to a group of law professors supported by a host of industry heavyweights from around the globe.
14 September 2023
Ex-law firm partner pleads guilty to bankruptcy fraud
A former partner at several well-known US law firms has pleaded guilty to bankruptcy fraud before a federal court in New York.
14 September 2023
IPs welcome reforms to UK regulation, but warn of increased costs
The UK government has revealed proposed changes to regulation of the insolvency profession, including reforms to bonding and the potential introduction of a compensation scheme, which insolvency practitioners say could increase costs and lead to a “wave of unsubstantiated claims”.
13 September 2023
Mayer Brown expands in London
A former Morgan Lewis partner with a focus on secured transactions, asset-based lending and supply chain financing has joined Mayer Brown’s London team.
12 September 2023
Crypto-focused partner joins Appleby in BVI
Appleby has hired a new partner from Ogier who has been providing counsel to the liquidators of multi-billion-dollar crypto hedge fund Three Arrows Capital in the British Virgin Islands.
11 September 2023