Financial restructuring

Third time’s a charm for Lazard returnee

Financial advisory and asset management firm Lazard has re-hired Sam Whittaker from PJT Partners.

02 November 2020

Pacific Drilling enters Chapter 11 again

Luxembourg and Houston-based drilling ship contractor Pacific Drilling and 18 of its domestic and international subsidiaries have filed voluntary petitions for a speedy pre-packaged Chapter 11 restructuring in the Southern District of Texas, three years on from the group’s last bankruptcy.

02 November 2020

Indian software company files voluntary Chapter 11

An Indian IT company has placed six of its subsidiaries in voluntary Chapter 11 bankruptcies in Alabama, after creditor-driven proceedings filed against it in Mumbai were stalled.

30 October 2020

Latham & Watkins announces January promotions

Latham & Watkins has announced promotions for two members of its restructuring and special situations group in London and Hamburg, as five other lawyers with relevant experience are also elevated across the firm.

30 October 2020

UK court sanctions Pizza Express restructuring plan

British casual dining chain Pizza Express has secured court sanction of its restructuring plan, despite a challenge to its company voluntary arrangement whose approval last month was a condition of its overall rescue.

29 October 2020

KPMG head of advisory moves to FTI Consulting in Dubai

FTI Consulting has hired KPMG’s head of advisory in Dubai to lead its Middle East restructuring practice.

29 October 2020

Sunbird wins convening hearing despite class composition dispute

After its original scheme documentation was rejected as “misleading” in September, flexible workspace provider Sunbird has won a convening order for a single meeting of creditors to vote on a new scheme.

28 October 2020

A&M Middle East head joins KordaMentha in Sydney

Asia-Pacific advisory firm KordaMentha has hired the former head of Alvarez & Marsal’s Middle East turnaround and restructuring practice.

27 October 2020

Airline roundup: LCWP acting for lessors in contentious AirAsiaX restructuring

Kuala Lumpur-based Lim Chee Wee Partnership is acting for leasing company BOC Aviation in its efforts to derail Malaysian airline AirAsia X's scheme of arrangement – while Indonesia’s Lion Air is facing a bankruptcy application and Japan’s ANA Holdings has announced a number of cost-cutting measures.

27 October 2020

Greenberg Traurig hires in Boston

Greenberg Traurig has hired a new shareholder in Boston from Mintz Levin.

26 October 2020

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