Financial restructuring

Katten appoints new restructuring heads

Katten Muchin Rosenman has appointed new co-heads for its restructuring practice, four months after the sudden death of former chair John Sieger.

23 July 2021

Cooling-off period denied in first for Dutch scheme

In a precedent-setting Dutch scheme ruling, a real estate developer’s request for a cooling-off period has been denied after a court in the eastern Netherlands found it had not taken “serious steps” to offer a plan to its creditors.

22 July 2021

Winston & Strawn adds new global restructuring head in New York

Winston & Strawn has hired the former global co-head of McDermott Will & Emery’s restructuring group to lead its own global practice in New York.

21 July 2021

Ashurst hires in Singapore

Ashurst has bolstered its Asian restructuring practice with the hire of partner Robert Child from Clifford Chance in Singapore.

20 July 2021

Cannabis producer secures CCAA plan

Canadian cannabis producer CannTrust has secured court approval for an amended CCAA restructuring plan, after a previous version was rejected as unfair to co-defendants in securities litigation faced by the company.

20 July 2021

The EU Restructuring Directive: how member states are progressing with transposition

With the deadline for domestic transposition of the European Restructuring Directive having passed this weekend, McDermott Will & Emery partner Timothée Gagnepain and associate Lucille Madariaga in Paris discuss how it has been eagerly awaited – and yet is likely to be postponed for at least a year – in most EU member states.

19 July 2021

Simmons & Simmons sets up new German restructuring team

Simmons & Simmons has hired a partner from Allen & Overy with credits on the Steinhoff restructuring, to lead a new German restructuring and insolvency team in Frankfurt.

19 July 2021

GÖRG partner appointed over kitchenware company

Germany-based kitchenware company Neue Alno has filed for insolvency for the second time in four years, with GÖRG partner Holger Leichtle appointed as provisional trustee.

19 July 2021

Italian shipper seeks Australian recognition following seizure threats

Italian shipping firm Michele Bottiglieri Armatore has won an interim injunction in Australia over fears an Irish investment fund is preparing to arrest one of its vessels, following failed efforts in China and Canada.

14 July 2021

Court refuses to limit bank’s powers during WHOA cooling-off period

An anonymous company has obtained a cooling-off period from a Hague court, but failed to persuade it to use bespoke powers to limit Dutch multinational bank Rabobank's security rights as provider of a coronavirus scheme loan.

13 July 2021

Get unlimited access to all Global Restructuring Review content