Features
Luckin Coffee JPLs: “Trust and transparency was key”
Alvarez & Marsal’s Tiffany Wong and Alex Lawson tell GRR about the challenges they faced as Chinese coffee chain Luckin Coffee’s joint provisional liquidators, how they got the complex restructuring over the line and why ESG considerations are not yet having a huge influence in the restructuring space.
19 May 2022
The new Austrian Restructuring Code in the light of Germany’s StaRUG and the Dutch WHOA
Matthias Stipanitz and Stephanie Rendl at Preslmayr Attorneys at Law in Vienna assess Austria’s implementation of the EU’s preventive restructuring frameworks directive, giving a quick comparison with the implementation in Germany and the Netherlands.
17 May 2022
Second time lucky for Smile Telecoms’ groundbreaking restructuring plan
Partner Mark Fine and senior associate Nicholas Jupp at McDermott Will & Emery in London examine two novel aspects to the restructuring plan that the English High Court sanctioned for African telecoms group Smile earlier this year: its exclusion of out-of-the-money creditors, and the fact it varied the rights of a foreign company’s shareholders.
11 May 2022
European column: Heiploeg judgment – European Commission, your move!
Bob Wessels, professor emeritus of international insolvency law at Leiden University and expert counsel on restructuring and insolvency to the European Commission, discusses the consequences of a recent judgment from the Court of Justice of the European Union, which is important for pre-pack sales and employees alike – and suggests it should be taken into account in the EU’s next round of harmonisation measures.
09 May 2022
A cross-jurisdictional outlook for restructuring and recovery
Ogier partners Christian Burns-Di Lauro and Ray Wearmouth in the British Virgin Islands, and Mathew Newman in Guernsey, consider whether the outlook is really not so good from a global restructuring perspective, as pandemic-related government support measures come to an end and the geo-political climate brings high inflation and rising energy costs.
27 April 2022
Europe column: independent territorial insolvency proceedings under the recast Insolvency Regulation
Bob Wessels, professor emeritus of international insolvency law at Leiden University and expert counsel on restructuring and insolvency to the European Commission, discusses what happens in the rare case that a territorial insolvency proceeding is opened prior to any main insolvency proceedings.
12 April 2022
Europe column: On the parity of main and secondary insolvency proceedings in the EU
Bob Wessels, professor emeritus of international insolvency law at Leiden University and expert counsel on restructuring and insolvency to the European Commission, discusses the interrelationship between main and secondary proceedings, and the rights of the dominant “main” insolvency practitioner under EU law.
17 March 2022
The UK’s new pre-pack regulations and creditor protection
Radcliffe Chambers’ James Morgan QC takes a close look at the regulations on connected pre-packs introduced in the UK last year – and explains why the protection they offer creditors could be illusory.
08 March 2022
What’s next for the UK energy sector in 2022?
Predicting an increase in creative financings, restructurings and M&A activity in the volatile energy sector, the co-heads of McDermott Will & Emery’s London restructuring group Aymen Mahmoud and Mark Fennessy and energy counsel Elisabeth Moseley discuss the UK regulator’s reaction to the energy crisis and set out options for distressed companies.
24 February 2022
Recent developments in recognition between mainland China and Hong Kong
Kroll managing director Michael Chan, with senior managers Mona Liu and Issac Tang, discuss some much-welcomed recent developments in the recognition of restructuring and insolvency proceedings between mainland China and Hong Kong.
23 February 2022