Heads-Up: Bahram Vakil and Nilang Desai at AZB & Partners in Mumbai

Featured in Heads-Up

One of the draftsmen behind India’s Insolvency and Bankruptcy Code and a senior partner at his firm discuss how delays are weighing down India’s seven-year-old bankruptcy system and whether the country might adopt the UNCITRAL Model Law on Cross Border Insolvency this year.

28 June 2023

“When I rest, I carry heavy rocks”: an interview with Judge Daniel Carnio Costa

São Paulo bankruptcy judge and co-chair of the International Insolvency Institute’s judicial committee Judge Daniel Carnio Costa tells GRR about his central role in helping reform Brazil’s bankruptcy law, new tools he would like to see added to the statute book and how time spent studying in the US and Europe helped shape his innovative approach to restructuring.

23 June 2023

The first restructuring plan under the new Cayman restructuring officer regime

Walkers’ partners Rupert Bell and Niall Hanna run through the very first use of the new Cayman restructuring officer regime in conjunction with foreign proceedings, in the case of Rockley Photonics Holdings.

26 May 2023

Europe Column: Spanish banks beware of insolvent Dutch nationals with holiday homes!

Bob Wessels considers a Dutch court case from March 2023 in which a Spanish bank with a secured claim learned an expensive lesson when dealing with the bankrupt Dutch owners of a Spanish holiday home.

11 May 2023

Auros exits provisional liquidation: a 99-day success story

Interpath Advisory director James Drury details the recent restructuring of cryptocurrency trading and market-making firms Auros Tech and Auros Global, which he says has highlighted the British Virgin Islands provisional liquidation process as a flexible tool that can deal with decentralised finance and its innovations.

07 April 2023

Heads-Up: Jifree Cader and Mark Knight at Sidley Austin in London

Featured in Heads-Up

The co-heads of Sidley Austin’s London restructuring group discuss their high-profile work on Chinese real estate restructurings, the recent back-and-forth between US and Hong Kong courts over the Gibbs rule, and how the UK’s new cross-class cramdown tool will allow sponsors to “game the capital structure” and play creditors off against each other.

13 March 2023

Europe column: Observing the WHOA observer

Bob Wessels, professor emeritus of international insolvency law at Leiden University and expert counsel on restructuring and insolvency to the European Commission, discusses the “observer”: a new role under Dutch restructuring law.

10 March 2023

“We've seen an evolution in the bankruptcy sphere”: an interview with Omni Bridgeway’s Jim Batson

One year after his appointment as Omni Bridgeway’s co-chief investment officer in the US, Jim Batson tells GRR about the “evolution” he has seen in the bankruptcy space in recent years, why he thinks litigation financing is at its heart an ESG product and what factors are considered when funders are deciding to invest.

07 March 2023

Crypto exchange bankruptcies and DeFi lending: an English law response to the question of avoidable preferences

Howard Morris, head of business restructuring and insolvency at Morrison Foerster in London, considers whether and in what circumstances cryptoasset withdrawals from a distressed exchange might amount to avoidable preferences under English insolvency law.

23 February 2023

Europe column: independent territorial insolvency proceedings under the recast EIR

Bob Wessels picks up where he left off last April on the topic of what happens when a territorial insolvency proceeding is opened prior to any main insolvency proceedings.

17 February 2023

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