Financial restructuring

Thai Airways submits plan but creditors yet to see it

Thai Airways’ rehabilitation planners have submitted a restructuring plan before a Bangkok court as well as the country’s official receiver and its stock exchange managers, but creditors’ counsel say their clients are yet to see its contents.

02 March 2021

Bryan Cave restructuring head to join Simmons & Simmons in London

Simmons & Simmons has hired Bryan Cave Leighton Paisner’s EMEA head of restructuring in London, labelling the practice area “an investment priority” for the firm.

01 March 2021

Christopher Lee & Ong hires new co-head in Malaysia

A former general counsel of EY Hong Kong has joined Rajah & Tann’s Malaysian affiliate Christopher Lee & Ong as co-head of its restructuring group.

01 March 2021

Europcar completes restructuring, receives US recognition

A New York court has recognised car rental firm Europcar’s French restructuring, a day after a Paris court approved its accelerated financial safeguard plan to reduce its debt by €1.1 billion.

01 March 2021

Latham hires from Linklaters in London

Latham & Watkins has hired a former Linklaters partner in London who worked on the New Look, Agrokor, Metinvest and Codere restructurings.

26 February 2021

DLA Piper hires new finance, projects and restructuring head

The former leader of Freshfields Bruckhaus Deringer’s finance group is set to join DLA Piper as the head of its international finance, projects and restructuring practice.

26 February 2021

Takata trustee avoids service under the Hague Convention

The trustee of a compensation trust set up as part of Takata’s Chapter 11 plan has been allowed to serve an adversary proceeding on a Japanese insurance company’s US counsel, after a Delaware court found the costs of complying with the Hague Convention for service overseas would reduce funds available to victims of its faulty airbags.

25 February 2021

Indian IT company seeks reconsideration of dismissed Chapter 11

An Indian IT company has asked an Alabama court to reconsider the dismissal of its subsidiaries’ voluntary Chapter 11 proceedings, after international creditors argued the bankruptcy was filed in bad faith with no valid reorganisational purpose.

23 February 2021

Faegre Drinker continues rapid growth with US hires

Robins Kaplan’s Los Angeles-based restructuring chair and a Foley & Lardner partner in New York have become the latest additions to Faegre Drinker Biddle & Reath’s fast-expanding restructuring group.

22 February 2021

Bryan Cave Leighton Paisner hires from Brown Rudnick

Bryan Cave Leighton Paisner has hired Brown Rudnick partner Didier Bruère-Dawson to help expand its offering in Paris.

22 February 2021

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