Loans & secured financing

Walkers advising as another crypto investor seeks winding up in Cayman

The Cayman voluntary liquidators of a holding company for a group of cryptocurrency investors have asked a local court to take over supervision of the case, after its director failed to sign a declaration of solvency.

11 July 2022

Holland & Knight advises as BVI fund targets Delaware borrower

The liquidators of a British Virgin Islands fund have lodged a breach of contract claim against Delaware-registered borrower Tremont International in New York, where they secured Chapter 15 recognition in 2019.

27 May 2022

Fieldfisher taps CMS partner and team to develop Düsseldorf practice

Fieldfisher has hired a CMS partner who advised on sex shop chain Beate Uhse’s restructuring, and his team of three associates, to build out the firm’s practice in Düsseldorf.

11 April 2022

Singapore appeal court rules on fresh security as a transaction at an undervalue

Granting fresh security for an existing debt does not constitute a transaction at an undervalue in principle – but granting it for a third-party debt may do so, the Singapore Court of Appeal has found, addressing the issues in the jurisdiction for the first time.

29 March 2022

Brazilian agribusiness group files Chapter 15

Three affiliates of Brazilian sugar and alcohol producer USJ Group have filed for Chapter 15 recognition of a restructuring plan approved in Brazil last month.

28 March 2022

GLAS hires former Greensill general counsel and VP

Debt administration services group GLAS has expanded in the US, hiring a lawyer and fintech specialist from insolvent trade finance group Greensill.

03 February 2022

J&J Chapter 11 recognised in Canada

A Canadian court has recognised healthcare conglomerate Johnson & Johnson’s controversial “Texas two-step” Chapter 11 restructuring and US injunction, temporarily blocking personal injury claims against the group in the country.

05 January 2022

Court keeps Bulb creditor details secret in UK’s first special energy administration

Power supplier Bulb Energy’s administrators have been allowed to keep its creditors’ details out of the public domain, weeks after it entered the UK’s first-ever energy supply company special administration.

15 December 2021

CWT completes cross-border pre-pack Ch11 in 18 hours

Travel management company CWT and 37 international affiliates have secured confirmation of a pre-packaged Chapter 11 plan within 18 hours of filing for bankruptcy, in what is believed to be the first speedy Chapter 11 with a cross-border element.

17 November 2021

Ship insurer seeks winding up of Cayman vessel owner after coral reef crash

A Bermudian ship insurer pursued by the US Department of Justice for environmental damages has asked a Cayman Islands court to wind up oil tanker owner Margara, 15 years after one of its vessels caused damage to a coral reef off the coast of Puerto Rico.

12 November 2021

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