Features

Covid-19 calls: Ian Johnson and Tom Vickers at Slaughter and May in London

Featured in Covid-19 calls

“At some point, if they want to start trading again, they are going to need money to rehire their employees and start paying suppliers, and it’s not clear to us how they will get that money”. Slaughter and May’s head of restructuring Ian Johnson and partner Tom Vickers tell GRR about their work advising the UK government on some of its initiatives to deal with the impact of covid-19, the difficulty companies are having trying to access urgent liquidity, and their hopes for the introduction of a new debtor-in-possession financing tool.

23 April 2020

It’s time to give winding up a rewind: from digital to analogue insolvency

Howard Morris, head of business restructuring and insolvency at Morrison & Forester in London, argues we should look to the “analogue” tools of yesteryear – trading administration, provisional liquidation and liquidation – to tackle the nuclear winter that’s set to follow the coronavirus’ economic impact. These tools don’t have to be a death knell for businesses, he says: they can offer shelter and survival.

22 April 2020

Covid-19 calls: Giles Boothman at Ashurst in London

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“The economic legacy is going to be around the excess debt that companies and governments have taken on… that will take a long, long time to pay off." Ashurst's head of restructuring and special situations, Giles Boothman, tells GRR the UK’s economic standstill is bringing restructuring enquires in waves, as clients find it harder to seek liquidity from financial institutions, perform due diligence and find other solutions to restore balance sheet health.

22 April 2020

Covid-19 calls: Susheel Kirpalani and Dennis Hranitzky at Quinn Emanuel Urquhart & Sullivan in New York

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“While our clients are obviously interested in maximising returns for investors, they are also respectful of the fact that countries like Ecuador have to address the incipient public health crisis that is presented by covid-19.” Quinn Emanuel’s Susheel Kirpalani and Dennis Hranitzky discuss the impact of the covid-19 pandemic on sovereign debt workouts in Argentina and Ecuador, and how the US response to the crisis has been marred by political enmities between federal and state governments.

21 April 2020

Covid-19 calls: Natasha Labovitz at Debevoise & Plimpton in New York

Featured in Covid-19 calls

“It is easy to think that things will never be the same, but history repeats itself.” Co-chair of Debevoise & Plimpton’s restructuring group Natasha Labovitz discusses the limitations stopping some businesses from accessing government relief programs, how Debevoise solicited the advice of an epidemiologist to prepare for covid-19, and why US bankruptcy courts might be some of the most innovative courts in the country.

20 April 2020

Names to know in Ireland

Featured in Worked Out

A list of the key names to know in the Dublin restructuring scene, from Irish law firms to international law firms and non-lawyer insolvency practitioners.

17 April 2020

Looking ahead and Brexit

Featured in Worked Out

Ireland’s economy has been buoyant in recent years and the long tide of crash-era property enforcement work is subsiding, lawyers say. But more work is on its way thanks to Brexit and multinationals looking local.

17 April 2020

Weatherford and Ballantyne

Featured in Worked Out

Two recent cases show that Ireland’s restructuring regime, particularly its lesser-known scheme of arrangement, may soon get its moment to shine.

17 April 2020

Examinership – the Irish Chapter 11

Faster and cheaper than Chapter 11, Ireland’s examinership process is, alas, woefully underused. GRR asks local practitioners, why?

17 April 2020

A viable alternative: Ireland Worked Out

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Against the backdrop of Brexit and the economic impact that may have on the UK’s closest neighbour, GRR examines whether Dublin is ready to play a valuable supporting role to London in the years to come.

17 April 2020

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