Global Restructuring Review - Cross-border restructuring and insolvency legal news, features and events
Our regional reviews commission top cross-border insolvency and restructuring professionals to write about the most significant current topics, recent news, and forthcoming developments in their region.
The Asia-Pacific Restructuring Review provides exclusive insight, direct from pre-eminent practitioners. In this volume, our experts in Singapore take a look at the key developments and unresolved issues following the significant amendments to the Companies Act, while the India chapter considers the amendments made to the Insolvency and Bankruptcy Code since its enactment and implementation. In China, the Review considers the notice of the Supreme People’s Court on issuing the minutes of the national court work conference on bankruptcy trails, which is considered the most important update to the legal practice of bankruptcy law in recent years. This edition also provides an overview of the Insolvency Reform Act in Australia, with case analysis on landmark cases including Bis Industries which was the largest restructuring of 2017 in the Australian market. Additionally, our expert panel consider the criticisms of the Indonesian restructuring legislation and provide jurisdictional updates in Japan, Malaysia, Korea and the Cayman Islands
Complementing our news coverage, The European, Middle Eastern and African Restructuring Review 2018 provides exclusive thought leadership, direct from pre-eminent practitioners. The Review gathers the expertise of 25 leading figures from 12 different firms in nine different jurisdictions. Contributors are vetted for international standing and knowledge of complex issues before being approached. In this volume our experts provide jurisdictional updates on England & Wales, France, Greece, Italy, Slovenia, Spain and Switzerland, with expanded coverage from our inaugural edition on South Africa and Finland. Our panel also provides analysis on Litigation Funding in Spain, forum shopping in relation to the Niki Luftfahrt insolvency proceedings and the beleaguered retail sector.
Complementing our news and magazine coverage, The Restructuring Review of the Americas provides exclusive thought leadership, direct from pre-eminent practitioners. The Review gathers the expertise of 19 leading figures from 12 different firms in eight jurisdictions. In this volume we have expanded our coverage in the United States. In addition to an overview of Chapter 11 of the US Bankruptcy Code, our expert panel also reviews hedge fund and private equity fund participation and some of the investment strategies that funds continue to adopt to maximise their returns. Chapter 15 is discussed in two chapters: first, a full review of Chapter 15 as a tool providing effective mechanisms for dealing with cross-border insolvency cases and looking at whether it remains a welcoming destination for foreign debtors; second, a look at the limits of Chapter 15 with specific consideration to the high burden parties must overcome to invoke section 1506 of the Bankruptcy Code, which allows courts to refuse to take action on public policy grounds. Furthermore, our panel provides an overview of the bankruptcy law in Argentina and considers criticisms made against Brazil’s restructuring legislation and the proposed amendments suggested in May 2018 to revamp corporate restructuring in the country. We also review the broad and flexible restructuring options available in Canada; offshore restructuring in the Bahamas; and the Concurso Law in Mexico, explaining why it has not provided a feasible and efficient restructuring procedure for companies in financial distress. Additionally, our experts in Chile consider the flaws of the local regime, while our panel in Venezuela assesses the current regime, which lacks a statutory concept of insolvency, in the face of widespread economic instability.
The Guide series represents in-depth expert analysis on particular areas within restructuring and insolvency law and practice. These 'how-to' guides are written by the leading experts in the field, collated by GRR, and edited by leading figures.
With changes in credit markets, traditional steering committees have fallen from favour in restructurings. Too slow and unwieldy. Enter the ad hoc committee. These self-formed groups of creditors take less time to set up, are more flexible, and can achieve otherwise impossible results for debtors, thanks to their ability to act unilaterally. As a result, to quote Judge James Peck, “ad hoc committees now rule the restructuring world”. Learning about the inner workings of these informal and opaque committees is therefore essential to anyone seeking to succeed in restructuring today. The Art of the Ad Hoc fills in the blanks. In plain English, it provides a comprehensive guide on how to work successfully with these committees and illuminates an activity that Judge Peck says is rightly described as “an art”. The Art of the Ad Hoc draws on the collective wisdom and real-life experiences of 20 distinguished practitioners from 10 different firms to cover the topic from every angle and perspective - particularly those of committee member and debtor.