Global heat exchange group Arvos has won sanction of an English scheme of arrangement to restructure several loan facilities at a lightning-fast hearing, following unanimous support from creditors.
18 March 2024
A team from Norton Rose Fulbright offers a comparative analysis of the treatment of foreign and domestic tax debts across three different European restructuring processes, looking at whether they permit such debts to be compromised, and whether that may influence a debtor’s choice of restructuring jurisdiction. They also note that cross-border recognition of tax compromises has yet to be tested in the EU, leaving open the question of whether such compromises would be effective.
15 March 2024
A Calgary-based oil producer has entered CCAA proceedings in its native Alberta and secured a temporary restraining order in Delaware, after signing a DIP facility and stalking horse agreement with a key creditor.
14 March 2024
German property group Branicks has entered StaRUG proceedings before a court in Frankfurt, with Allen & Overy as counsel and Lucas Flöther of Flöther & Wissing appointed restructuring officer.
12 March 2024
FRP advisory has expanded offshore with a new acquisition on the Isle of Man, days after an FRP partner and a director moved to Kroll in London.
12 March 2024
GRR’s inaugural Names to Know in Distressed Investment survey, through which we aim to shine a spotlight on industry experts working across all types of investment firms specialising in distressed situations, is open for submissions.
11 March 2024
Two Arnold & Porter partners from Chicago and New York, who together worked for an ad hoc term loan group in cinema operator Cineworld’s 2022 Chapter 11, have jumped to Clifford Chance in the Big Apple.
11 March 2024
A British Virgin Islands-based Harneys partner is relocating to Hong Kong to join Appleby’s disputes practice, bringing with him over 30 years of experience working in the UK, Ireland and the Caribbean.
08 March 2024
German real estate group Aggregate has secured sanction of its amended restructuring plan after senior creditors supported it at a reconvened meeting that followed the disenfranchisement of out-of-the-money creditors who opposed the initial plan.
07 March 2024
UPDATED: Vietnamese real estate developer No Va Land has retained Sidley Austin, BlackOak and YKVN to advise it on the restructuring of a tranche of convertible bonds through what will be the first pre-pack scheme for a foreign company in Singapore.
06 March 2024
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