Insolvency
MoFo advising as Wirecard seeks US recognition
The German administrator of scandal-hit payment processor Wirecard has asked a Pennsylvania court to recognise its Munich-based insolvency and to block securities litigation pending in the US.
12 April 2021
IBA releases toolkit on insolvency and arbitration
The International Bar Association has released a toolkit providing guidance for when a party to an arbitration is subject to insolvency proceedings.
08 April 2021
Interim recognition in Australia for Greensill Bank administrator
Greensill Bank’s German insolvency administrator has obtained interim recognition in Australia and has used Eversheds Sutherland to make a similar application in the UK.
07 April 2021
Community roundup: Shearman & Sterling, Kroll, FTI Consulting and EY
Shearman & Sterling has continued its London expansion while FTI Consulting has strengthened its Madrid and Abu Dhabi offices, Kroll has promoted four new managing directors in the UK, and EY has hired in Bermuda.
01 April 2021
Greensill enters provisional liquidation in Singapore
Greensill’s Asia arm has entered provisional liquidation in Singapore, following the finance group’s UK and Australian administration proceedings, German insolvency filing and US Chapter 11.
30 March 2021
ABLI & INSOL: Is Singapore a good alternative for Indonesian companies?
Lawyers from Singapore and Indonesia compared the pros and cons of their jurisdictions for international restructurings featuring Indonesian companies, at a webinar organised by the Asian Business Law Institute and INSOL International.
30 March 2021
Fieldfisher hires new restructuring heads in Madrid and Barcelona
The Spanish arm of Fieldfisher has started to rebuild its restructuring group with hires in Madrid and Barcelona, after its long-time practice leader Agustí Bou joined BDO earlier this month with a six-person team.
25 March 2021
Vehicle linked to collapsed German Property Group wound up in Ireland
An Irish vehicle created to invest in historic German real estate has been wound up by the High Court in Dublin, eight months after a property group it put money into collapsed in Germany amid “profoundly worrying allegations”.
23 March 2021
UAE’s Arabtec reveals details of its Dubai bankruptcy
Nearly four months after shareholders resolved it should enter insolvent liquidation, the Middle East's largest contractor has provided information on its bankruptcy proceedings in Dubai.
22 March 2021
US coal miner sues Greensill for fraud
A US coal miner owned by the governor of West Virgina has sued collapsed finance group Greensill for alleged fraud, a week after an English court appointed Grant Thornton as its administrators.
18 March 2021
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