Europe column: OHADA and the EU

Bob Wessels, professor emeritus of international insolvency law at the University of Leiden, discusses the recent adoption by 17 African countries of a harmonised insolvency framework based on the UNCITRAL Model Law, and compares it to the EU’s current policy of “creeping” convergence.

07 June 2016

BOOK REVIEW: Resolution and Insolvency of Banks

Simon Gleeson, a partner at Clifford Chance in London, reviews Michael Schillig's 2016 book Revolution and Insolvency of Banks, and says its breadth reminds us that the list of policy tools available for dealing with failing banks has never been longer.

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

Asset recovery column: limitations to claims and relief in cross-border insolvencies

In their third column for GRR, founding member Ed Davis and partner Annette Escobar of Astigarraga Davis in Miami look at two key limitations to asset recovery in cross-border insolvency cases under Chapter 15, and suggest ways to get around them.

07 June 2016

Daniel Glosband: An architect of Chapter 15

GRR sat down with Daniel Glosband, one of the primary draftsmen of the US Bankruptcy Code’s Chapter 15, at the ABI’s 34th annual spring meeting in Washington, DC, to discuss recently-proposed amendments to the Chapter, as well as some significant cross-border recognition decisions of the past year.

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

How momentum shifted between Argentina and the holdouts

GRR presents a timeline of events in the long and bitter fight - then prompt settlement - that characterised the relationship between Argentina and its holdouts.

07 June 2016

GRR’s Brexit poll

On 23 June, voters across the UK will go to the polls to decide the country’s future relationship with the European Union – should Britain remain a member state, subject to EU law and unrestricted in its access to the single market? Or should it “Brexit”, negotiate new trading relationships and enact standalone laws?

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

TOKYO: III celebrates a day of firsts

At its first conference in Asia this week, the International Insolvency Institute (III) presented its inaugural founder’s award to octogenarian Japanese former judge Shinjiro Takagi, ahead of his forthcoming move to Singapore to help it become an international debt restructuring hub.

06 June 2016

Get unlimited access to all Global Restructuring Review content