Insolvency

Abengoa enters preliminary insolvency in Spain

Renewable energy group Abengoa has filed preliminary insolvency proceedings for part of its business in Spain, two weeks after entering a complex restructuring agreement with a group of investors and financial creditors.

19 August 2020

Willkie Farr & Gallagher strengthens London restructuring practice

US firm Willkie Farr & Gallagher has hired a new restructuring partner for its London practice from Morrison & Foerster.

11 August 2020

Katten Muchin launches UK restructuring practice with CRS hire

Charles Russell Speechlys partner Prav Reddy has joined the London affiliate of US firm Katten Muchin Rosenman, in what is its first move into the restructuring sector outside the US.

04 August 2020

Foreign pension investors’ claims to be heard in German group insolvency

An administrator from German law firm GÖRG will oversee the insolvencies of more than 100 entities in a group that invited pensioners from the UK, Ireland and Asia to finance the conversion of historic buildings.

03 August 2020

DLA Piper expands Hong Kong restructuring practice

DLA Piper has hired Matthew Worth as a partner in its Hong Kong restructuring practice, two days after it added a new partner in Melbourne.

31 July 2020

RHTLaw advising as Hiap Seng Engineering files for JM in Singapore

Singapore-listed oil and gas services company Hiap Seng Engineering and one of its subsidiaries have filed separate applications for judicial management in the city-state, with RHTLaw advising.

29 July 2020

European digital technologies group seeks recognition in New York

The CEO of Paris-registered digital technologies specialist Ymagis has applied for recognition of its French insolvency proceedings in New York, just months after it agreed a €52 million restructuring.

29 July 2020

Hyflux banks prepare judicial management application

An unsecured group of Hyflux’s bank lenders are preparing an application to place it under judicial management, while the embattled Singaporean company has also received new proposals from US and UAE investors.

28 July 2020

Community roundup: new recruits at Gordon Brothers, EY and Kirkland & Ellis

Gordon Brothers and EY have hired in Australia, Kirkland & Ellis and Thornton Grout Finnigan have recruited in Hong Kong and Toronto, and Quantuma and Freeths continue to expand in the UK.

20 July 2020

High court lets Lehman make shareholder distributions in “exceptional case”

The administrators of Lehman Brothers International (Europe) will consent to a directors’ request to distribute £29 million to its sole shareholder, after the High Court in London gave them the green light.

15 July 2020

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