Insolvency

Flöther appointed Sundair trustee as another airline comes down with covid-19

Charter airline Sundair has entered protective shield proceedings in Germany, where the court has appointed Lucas Flöther as provisional trustee and a host of counsel have come on board.

09 November 2020

Community roundup: FRP and Quantuma make hires across the UK

UK advisory firms have announced new hires in Scotland, London and Southampton as demand for restructuring advice surges amidst the covid-19 pandemic.

04 November 2020

KPMG promotes in UK deal advisory practice

KPMG has promoted two restructuring advisers to its partnership in Scotland and Northern England.

26 October 2020

Indian court affirms that plans bind applicants on creditor approval

An Indian appellate court has affirmed that corporate resolution plans are binding on their applicants once a committee of creditors has approved them, in the restructuring of a solar power company.

22 October 2020

Judges appointed in Quebec as Canadian group gets new president

Two restructuring lawyers have been appointed as judges in Quebec, as the Insolvency Institute of Canada revealed one of Thornton Grout Finnigan’s founders as its new president.

21 October 2020

Bremen court reverses German Property Group jurisdiction decision

After competing proceedings in Hanover and accusations waged against its original Görg administrator, the billion-euro insolvency proceedings of a German property investment group that targeted foreign pensioners will be heard in Bremen and managed by BBL Brockdorff.

20 October 2020

Settlement clears way for oil major Noble's Chapter 11 plan

London-headquartered offshore drilling contractor Noble Corporation has settled a US$2.7 billion lawsuit with its former subsidiary, Paragon Offshore, clearing the way for its Chapter 11 restructuring.

19 October 2020

White & Case announces new partner promotions

Five lawyers with restructuring experience have been promoted to partners in White & Case's London, New York, Frankfurt and Paris offices, effective from January 2021.

12 October 2020

Kobre & Kim hires Walkers insolvency head in Hong Kong

Kobre & Kim has hired the head of Walkers’ insolvency and dispute resolution group in Hong Kong, a partner with credits in the Saad liquidation and the Winsway restructuring.

08 October 2020

Canadian court upholds anti-deprivation rule

The Supreme Court of Canada has upheld the common law "anti-deprivation" rule that parties cannot enforce contractual provisions triggered by insolvency where they remove value otherwise available to creditors.

07 October 2020

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