Financial restructuring

KPMG promotes in UK deal advisory practice

KPMG has promoted two restructuring advisers to its partnership in Scotland and Northern England.

26 October 2020

Ashurst and White & Case advise as African diamond miner cuts creditor deal

A Jersey-incorporated group that operates African diamond mines has agreed a debt-for-equity restructuring with creditors, which it plans to carry out through a scheme of arrangement in England.

22 October 2020

New restructuring plans in place as Premier Oil announces merger

Premier Oil has entered a reverse-takeover deal with North Sea exploration and production company Chrysaor to help it extinguish its US$2.7 debt pile, replacing a pair of UK restructuring plans announced in August with new ones.

22 October 2020

Menon is IWIRC's Asia Woman of the Year 2020

WongPartnership’s deputy head of restructuring and insolvency, Smitha Menon, has become the first Singaporean lawyer to win the International Women's Insolvency and Restructuring Confederation’s Asia Woman of the Year award.

20 October 2020

Settlement clears way for oil major Noble's Chapter 11 plan

London-headquartered offshore drilling contractor Noble Corporation has settled a US$2.7 billion lawsuit with its former subsidiary, Paragon Offshore, clearing the way for its Chapter 11 restructuring.

19 October 2020

Ashurst promotes restructuring lawyer in Germany

Ashurst has promoted a new partner in its restructuring and special situations practice in Germany.

19 October 2020

New Look blocked from “premature” Irish examinership

UK retailer New Look has been prevented from entering examinership in Ireland, after a court found it had wrongly claimed to be facing imminent insolvency and ordered it to negotiate with disgruntled landlords.

15 October 2020

Oil driller KCA Deutag allowed to convene English scheme meeting

A court in London has convened a single meeting of creditors for a scheme of arrangement restructuring US$1.9 billion of international oil and gas drilling company KCA Deutag's debt - after asking its counsel to be cautious of increasing work fees.

15 October 2020

Alvarez & Marsal appointed monitor to struggling cannabis company

Alvarez & Marsal has been appointed to act as monitor of California-based cannabis company Sunniva Group, which obtained an initial order from a Canadian court under the Companies' Creditors Arrangement Act last week.

14 October 2020

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