Labour & employment

ABI, London: Are we back to the 70s? What high inflation and interest rates mean for restructurings

At the American Bankruptcy Institute’s first in-person London event since the start of the pandemic, panellists delved into what the return of high rates of inflation and interest mean for the restructuring space.

21 October 2022

International dispute over Mt Gox accounts puts spotlight on trustee’s uphill task

A dispute between a US-resident director and his Australian former employer over cryptocurrency held in two accounts with the collapsed Japanese exchange Mt Gox, has cast a light on some of the difficulties facing the exchange’s rehabilitation trustee as he finally gears up to repay creditors eight years down the line.

28 July 2022

Teneo launches Asia-Pacific restructuring business

New York-headquartered Teneo, which acquired Deloitte’s UK restructuring arm in May, is launching an Asia-Pacific restructuring business with the appointments of partners from EY and White & Case.

18 October 2021

Alvarez & Marsal appointed as UK energy market feels the heat

Alvarez & Marsal partners have been appointed administrators to two UK energy groups in 24 hours and the firm is understood to be in talks with other suppliers too, as the UK faces a string of bankruptcies in the retail energy sector.

24 September 2021

IWIRC names Asia Woman of the Year 2021, launches Indonesia network

The International Women's Insolvency and Restructuring Confederation has named Mamta Binani, who oversaw the first resolution under India’s Insolvency and Bankruptcy Code, as its fourth Asia Women of the Year in Restructuring – two days after it launched a new network in Indonesia.

22 September 2021

FRP hires valuation specialist from Alvarez & Marsal

Advisory firm FRP has appointed valuation specialist Jim Davies as a partner in its corporate finance team in London.

26 August 2021

Construction group winds down after Greensill collapse scuppers refinancing

A prefabricated construction company and former Greensill client with factories in the US, India and Saudi Arabia has entered Chapter 11 in Texas to sell off its assets and wind down, with the help of a US$35 million debtor-in-possession promissory note from a UK-based Softbank entity.

15 June 2021

Bill Clinton at the ABI: “We need to get back into the tomorrow business”

Former US president Bill Clinton said the country’s federal government needs to provide at least one more round of “significant” investment to deal with the economic consequences of the covid-19 pandemic, as he addressed the American Bankruptcy Institute’s International Insolvency Forum.

20 November 2020

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