Insolvency

Dr Beck & Partner, Schultze & Braun advising as automotive supplier enters German proceedings

Dr Beck & Partner is advising car interior manufacturer Dr Schneider on a reorganisation before a Bavarian court, with Schultze & Braun acting on the side of credit insurers.

20 September 2022

White & Case, Bumachar advising as gold miner files in Brazil, Canada and US

UPDATED: Gold miner Mina Tucano has entered judicial reorganisation in Brazil and sought Chapter 15 recognition in New York, while its parent has filed for bankruptcy in Canada – with White & Case, Bumachar Advogados Associados, McCarthy Tetrault and Alvarez & Marsal advising.

09 September 2022

Indian Supreme Court confirms IBC overrides Customs Act

India’s Supreme Court has confirmed that the existence of a moratorium under the Insolvency and Bankruptcy Code limits the power of a customs authority to recover customs duties, allowing an appeal by the liquidator of an Indian shipbuilding company.

08 September 2022

Kepler-Karst adds partner in Madrid

Spanish insolvency boutique Kepler-Karst has hired a former partner from Martínez-Sanz Abogados, who tells GRR that she expects “great changes” ahead as a result of recent amendments to the Spanish restructuring law.

02 September 2022

Hong Kong court rebukes liquidators, deprives them of remuneration

A textiles group's liquidators and their counsel have been heavily rebuked by a Hong Kong court for forum shopping, breaches of their disclosure duties and for making “serious” misrepresentations to the Cayman court that appointed them.

26 August 2022

Celsius sues former investment manager, Voyager seeks stay on Miami class action

Collapsed crypto lender Celsius has accused its former business partner of stealing millions of dollars in coins and demanded the return of US$17 million from crypto custodian Prime Trust, while brokerage firm Voyager is seeking to extend the US bankruptcy code’s automatic stay to cover a suit launched against its CEO.

24 August 2022

Global construction group completes “landmark” pre-pack in Spain

In one of the fastest pre-pack sales since the concept was introduced in Spain two years ago, global construction group Urbas has secured court approval to acquire the production unit of Spanish architecture group Ingeser.

23 August 2022

Paul Hastings partner moves to King & Spalding in New York

King & Spalding has hired a New York-based partner from Paul Hastings who it said will be a “key component” in the international growth of its corporate, finance and investments practice.

18 August 2022

Hilco Global targets US growth with managing director hires

Financial services group Hilco Global has recruited a new special situations practice leader in Los Angeles and a managing director to grow its disputes team in Chicago.

16 August 2022

Howse Williams hires Addleshaw partner in Hong Kong

Howse Williams has hired a litigation partner from Addleshaw Goddard with credits on the restructurings of China’s Peking University and Chinese semiconductor maker Tsinghua Unigroup, as the international firm closes shop in Hong Kong.

15 August 2022

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