Mallinckrodt to enter Irish examinership after US plan approved

American-Irish pharmaceuticals manufacturer Mallinckrodt will file examinership proceedings in Dublin in the coming days, after the Delaware bankruptcy court approved its Chapter 11 plan to slash about US$1.3 billion in debt.

04 February 2022

Isle of Man liquidator seeks Chapter 15 recognition in US first

In what is thought to be the first application for recognition of an Isle of Man voluntary liquidation in the US, an Africa-focused private jet operator's liquidator has filed a Chapter 15 in Oklahoma to stall a local litigation and try to access escrow funds.

14 January 2022

Purdue Pharma wins right to appeal bankruptcy plan rejection

Drug maker Purdue Pharma and its Sackler family owners have won the right to appeal a US district court ruling that threw out the company’s bankruptcy plan last month – while Judge Shelley Chapman has been asked to mediate negotiations to redraw the plan.

10 January 2022

New York’s Judge Drain announces retirement

Judge Robert Drain of the United States Bankruptcy Court for the Southern District of New York, who presided over the Purdue Pharma and Sears bankruptcies, is set to retire next year.

29 September 2021

The use of mediation to improve global restructuring outcomes in a post-pandemic world

Writing exclusively for GRR, Debra Grassgreen, president of the International Insolvency Institute and senior partner at Pachulski, Stang, Ziehl & Jones in San Francisco, and Scott Atkins, president of INSOL International and Australian chair/ head of risk advisory at Norton Rose Fulbright in Sydney, make a case for why mediation has an important role to play in global restructuring reform going forward.

10 September 2021

Hyflux investor shares frustrations as JM hearing awaited

Stock exchange filings in Singapore reveal frustration between lawyers of a vehicle managed by Indonesian tycoon Johnny Widjaja that is a potential investor in Hyflux’s debt, and counsel to a group of banks trying to place Hyflux under judicial management.

17 September 2020

Retired judge to mediate Thai bankruptcy dispute in grocer’s Chapter 11

Retired Delaware judge Kevin Carey has been appointed to mediate in Thai-owned gourmet retailer Dean & DeLuca’s Chapter 11 proceedings, following creditor allegations the US bankruptcy was only filed to benefit its parent’s reorganisation in Thailand.

04 September 2020

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