Financial restructuring

Abengoa enters preliminary insolvency in Spain

Renewable energy group Abengoa has filed preliminary insolvency proceedings for part of its business in Spain, two weeks after entering a complex restructuring agreement with a group of investors and financial creditors.

19 August 2020

Alvarez & Marsal bolsters ranks in the Nordics

Alvarez & Marsal has hired a new head of financial restructuring and an operational restructuring lead for the Nordics, three months after launching its Norwegian practice.

17 August 2020

Chilean copper miner seeks US recognition following creditor “attacks”

A Chilean producer of copper cathodes is seeking recognition of its Santiago bankruptcy in New York, claiming its bank accounts have “come under attack” from creditors in Chile and the US.

17 August 2020

Two more Virgin Australia entities seek Chapter 15 recognition

The newly appointed administrators of two Virgin Australia entities that Bain Capital plans to include in its purchase of the group have sought Chapter 15 recognition in New York.

14 August 2020

Baker McKenzie partner moves to McGuireWoods in New York and Houston

McGuireWoods has added veteran Baker McKenzie restructuring partner James Donnell to its New York and Houston offices.

13 August 2020

New Asian-European restructuring boutique launched

A former Baker McKenzie and Deloitte practitioner has co-founded a new cross-border restructuring boutique focused on special situations and transactions in Switzerland, China and Singapore.

12 August 2020

Cirque du Soleil wins recognition of CCAA proceedings amid objections

A Delaware court has recognised circus production group Cirque du Soleil’s CCAA proceedings in Quebec, despite objections from some creditors.

12 August 2020

Willkie Farr & Gallagher strengthens London restructuring practice

US firm Willkie Farr & Gallagher has hired a new restructuring partner for its London practice from Morrison & Foerster.

11 August 2020

Virgin Atlantic gets interim US recognition of UK proceedings

A New York court has granted interim relief for Virgin Atlantic, finding it had shown a “substantial likelihood” that its landmark UK restructuring plan would be recognised under Chapter 15.

10 August 2020

Crowell & Moring partner moves to Akerman in New York

Akerman has hired Crowell & Moring restructuring partner Mark Lichtenstein in New York.

10 August 2020

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