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Baker McKenzie has set up a new restructuring team in Frankfurt, bringing in lawyers from Clifford Chance and CMS.
03 December 2020
Kirkland & Ellis special situations partner Samuel Norris has moved to Ropes & Gray in London – six months after restructuring partner Matt Czyzyk made the same move.
02 December 2020
Thai-owned gourmet retailer Dean & DeLuca has won court approval for its several-times renegotiated Chapter 11 restructuring plan, after former bankruptcy Judge Kevin Carey helped it reach a mediated settlement with stakeholders.
30 November 2020
Brazil’s senate has approved a long-tabled bankruptcy law, which is set to introduce cross-border provisions based on the UNCITRAL Model Law to the country’s regime.
27 November 2020
South African retail conglomerate Steinhoff has won court approval to convene two meetings for creditors to vote on its latest English scheme of arrangement – but funds controlled by distressed investor Centerbridge Partners are preparing to oppose it.
26 November 2020
Simpson Thatcher & Bartlett and Weil Gotshal & Manges have named new partners in New York, while White & Case has announced promotions in Germany.
25 November 2020
Two Weil Gotshal & Manges partners who were also former colleagues at Kirkland & Ellis have departed for Ropes & Gray and White & Case.
24 November 2020
An Italian construction company has failed to open business rescue proceedings in South Africa, after an appellate court found the process was not open to foreign companies, while also refusing to recognise its Italian restructuring.
23 November 2020
A Buenos Aires-headquartered power plant producer has modified the terms of a restructuring it is carrying out under the Canada Business Corporations Act, ahead of an upcoming creditors vote.
23 November 2020
Former US president Bill Clinton said the country’s federal government needs to provide at least one more round of “significant” investment to deal with the economic consequences of the covid-19 pandemic, as he addressed the American Bankruptcy Institute’s International Insolvency Forum.
20 November 2020
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