Insolvency

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

Hong Kong court blocks Spanish cosmetics maker’s winding-up petition

A Spanish cosmetics manufacturer has been prevented from bringing a winding-up petition against a Chinese partner company, after a Hong Kong court found there was evidence of a “genuine and serious” cross-claim following separate arbitration awards last year.

16 March 2021

Begbies Traynor acquires David Rubin & Partners

UK corporate restructuring boutique Begbies Traynor has announced the purchase of London and Guernsey-based insolvency firm David Rubin & Partners – its “largest acquisition” to date.

15 March 2021

Supreme Court urges India to take a stance on ipso facto clauses

The National Company Law Tribunal (NCLT) and its appellate tribunal had jurisdiction to adjudicate a dispute over the termination of a power purchase contract related to a corporate insolvency, the Supreme Court of India has held, as it urged legislators to address the status of ipso facto causes once and for all.

09 March 2021

Transatlantic private equity company seeks protection in Canada

A private equity company with investments across North America and the UK has filed CCAA proceedings in British Columbia, with DLA Piper acting for KSV Advisory as its monitor.

09 March 2021

Indian Supreme Court “appalled” by arrest of Jaypee resolution professional

A police force in India has been condemned for its unfamiliarity with insolvency law as the country’s Supreme Court ordered it to release Jaypee Infratech’s interim resolution professional from custody, following a fatal accident on a highway operated by the company.

05 March 2021

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