After sparring for months in a saga that has seen rival Chapter 11 and 15 proceedings filed in New York and Delaware, troubled Mexican shadow bank Crédito Real has reached a global restructuring agreement with an ad hoc group of unsecured creditors.
22 May 2023
Eversheds Sutherland has hired the immediate past chair of the International Women’s Insolvency and Restructuring Confederation from Lowenstein Sandler in New York.
18 May 2023
A British chemicals manufacturer has filed for bankruptcy in Texas, a day after it agreed a deal with most of its creditors to wipe out nearly US$1 billion in debt.
15 May 2023
Partners from Moorfields Advisory have been appointed as joint administrators of the UK arm of America’s largest bridal retailer, David’s Bridal, which has itself filed Chapter 11 proceedings in New Jersey and secured authority to seek recognition in Canada.
18 April 2023
Less than a year after stepping down from the bench in New York, former bankruptcy judge Robert Drain has joined Skadden Arps Slate Meagher & Flom as of counsel.
13 April 2023
A former partner at several well-known US law firms has been charged with making false statements in Chapter 11 bankruptcy proceedings.
31 March 2023
Paul Weiss and WilmerHale are advising the largest owner of regional sports networks in the US after it filed for Chapter 11 protection in Texas while it finalises an US$8 billion restructuring.
15 March 2023
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