Conference coverage

READING: Comparing bank resolution regimes in the US & Europe

The traditional dichotomy between banking resolution and corporate resolution is obsolete, said speakers at a conference at the University of Reading, as they considered the practical, political and legal challenges that have distorted the development of a new regulatory landscape for financial institutions post-2008.

15 June 2016

NEW YORK: DIP financing has broken ground in Latin America but remains “dysfunctional”

A number of recent high-profile cross-border restructurings have brought changes to the way Latin American lawyers approach debtor-in-possession financing, but applicable laws remain “dysfunctional” according to a panel at Latin Lawyer – GRR Restructuring Summit in New York last Monday.

10 June 2016

WASHINGTON, DC: Trends in US cross-border cases, Chapter 15, UNCITRAL and the EIR

A recent panel in the US grappled with the fate of Chapter 11 and Chapter 15 cases involving non-US entities, in the wake of the dismissal of Bahamian resort Baha Mar’s Chapter 11 filing in Delaware.

07 June 2016

WASHINGTON, DC: Cross-border group insolvency laid bare

What restructuring options are open to a multinational fashion retailer facing trouble from lawsuits in Canada and the US over a problematic, see-through garment? A group of top female insolvency lawyers laid out the different routes available at a conference in Washington, DC.

07 June 2016

LONDON: On discovery and asset recovery

Freezing injunctions and the extraterritorial application of the UK Insolvency Act’s section 236 were the focus of an evening seminar hosted by 9 Stone Buildings chambers in London last month, which looked at cross-border discovery and asset recovery in insolvency proceedings before the UK courts.

07 June 2016

PRAGUE: Cleaning up non-performing loans in the CEE region

Banks in central and eastern Europe looking to restructure or dispose of non-performing loans can help attract investors by providing high-quality data, adhering to international sales standards and trying to anticipate problems before they arise, panellists noted in Prague in March. Ultimately, though, the main driver of investment is a favourable legal environment and an experienced local servicing industry.

07 June 2016

NEW YORK: Distressed companies must communicate bad news, say panellists

Latin American companies facing insolvency amid turmoil in the commodities market and currency devaluations should be prepared to be transparent with creditors, take prompt action and release equity to ensure an efficient restructuring, heard attendees at the first Latin Lawyer - GRR Restructuring Summit, held in New York on Monday.

07 June 2016

MILAN: New NPL law is a silver lining in the storm clouds

The IBA Insolvency Section's 22nd annual global insolvency and restructuring conference opened with both figurative and literal storm clouds overhead, as speakers gave an update on the state of insolvency law and creditors' rights in Greece, to a backdrop of thunder. There was one silver lining on the horizon, however: a series of legal changes to liberalise the market for non-performing loans.

24 May 2016

READING: Rise of global debt requires less regulation, more monitoring

The continuing rise of corporate, banking and sovereign debt around the world requires less regulation and more supervision, argued sovereign debt expert Professor Rodrigo Olivares-Caminal of Queen Mary, University of London, at a conference held by the University of Reading this week.

23 May 2016

Atlas – ironing out a transparent Australian restructuring

As the iron ore industry faces difficulties from a dramatic drop in price, panellists in Singapore discussed the role of information gathering and transparency in the successful first stage of the turnaround of Australia’s Atlas Iron.

11 April 2016

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