Liquidation

Baker & Partners hires HSM restructuring head in the Cayman Islands

The recently appointed leader of HSM Chambers’ restructuring and insolvency practice has left the firm for Baker & Partners in the Cayman Islands.

17 September 2021

Extended breathing space for UK commercial tenants

As the UK government’s covid-19 support for businesses continues to be reduced, some of the current protections will be removed, but commercial rent arrears will remain ring-fenced. Craig Montgomery and Roger Schofield of Freshfields Bruckhaus Deringer in London analyse the latest position and the impact on landlords and tenants.

17 September 2021

Cayman fund wound up as receivers target affiliate’s Hong Kong shares

A Cayman court has issued a winding up order against a locally-incorporated investment fund, days after appointing receivers over some of its affiliate’s Hong Kong-listed shares.

17 September 2021

Streamlined proving process approved in Cayman

The Cayman liquidators of a local insurance company have secured court approval of an alternative adjudication process for debt claims, removing the need for thousands of policyholders to lodge separate proofs.

16 September 2021

Greensill’s UK administration recognised in US

Greensill’s main trading entity has obtained recognition of its UK administration in New York, where US coal miner Bluestone Resources had already agreed to suspend a fraud suit against two of its senior managers for 90 days – though not for the entire length of the Chapter 15 stay.

15 September 2021

PwC hires senior adviser with private equity focus

PwC has hired a new senior adviser for its business restructuring services team in the UK, from private equity firm Better Capital.

09 September 2021

FRC accuses KPMG of misconduct over Carillion audit review

The UK’s accountancy regulator has accused KPMG of misleading reviews into audits of collapsed construction group Carillion and data management company Regenersis.

03 September 2021

Citigroup to face Madoff clawback claims after Second Circuit reversal

In what has been described as “an important victory” for victims of the Madoff Ponzi scheme, a US appeals court has revived a pair of clawback claims brought against multinational bank Citigroup and a BVI feeder fund.

01 September 2021

Jersey company can be wound up in England, High Court rules

Setting out the post-Brexit application of the EU Insolvency Regulation, the High Court in London has ruled that a Jersey-registered company can be wound up in England.

31 August 2021

Kuwait social security institution secures FTI appointment over Adamas entity

A Kuwaiti public institution has persuaded a Cayman court not to appoint Deloitte partners as liquidators of a Hong Kong-based fund, and to instead appoint members of FTI Consulting who are already investigating some of its affiliates.

27 August 2021

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