Moratorium

Heads-Up: Andrew Wilkinson and Neil Devaney at Weil in London

Featured in Heads-Up

Weil Gotshal & Manges’ London restructuring co-heads Andrew Wilkinson and Neil Devaney tell GRR why restructuring skills will have to develop to address environmental issues in future, and why a move from CVAs to Part 26A restructuring plans is desirable.

14 January 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

India’s top court clarifies NCLT jurisdiction over contractual disputes

India’s Supreme Court has provided clarity on when the country’s National Company Law Tribunals have jurisdiction to decide contractual disputes concerning debtors in insolvency resolution processes, noting the courts must consider whether the dispute affects the continuation of the company as a going concern.

13 December 2021

UK monitors liable for costs of failed Australian recognition request

An Australian court has ordered the UK moratorium monitors of waste oil re-refiner Hydrodec Group to pay costs to a creditor who opposed their failed recognition attempt.

19 November 2021

DLA Piper hires Walkers’ head of restructuring in Ireland

DLA Piper has hired a new head of restructuring for its office in Dublin, which opened its doors in 2019.

11 November 2021

UK bill proposes arbitration scheme for covid rent disputes

Local lawyers speak to GRR about a newly published UK bill that aims to establish a binding arbitration process for commercial landlords and tenants who fail to reach an agreement on rent arrears caused by coronavirus.

10 November 2021

Sir David Richards joins One Essex Court

Former English Court of Appeal judge Sir David Richards has joined One Essex Court in London with plans to take appointments as an arbitrator, as he says the growth in cross-border cases has led experts to see arbitration as a sensible way of resolving disputes in restructurings.

08 November 2021

Cayman beauty group’s liquidators obtain emergency US relief

The liquidators of a Cayman Islands beauty products e-commerce company have secured emergency relief from a New York bankruptcy court to freeze funds held in the local payment processing account of one of the company’s former clients, amid an international dispute over who owns the funds.

05 November 2021

What we know (so far) from GCC restructuring reforms

King & Spalding partner Mike Rainey in Dubai examines how recent reforms to the bankruptcy regimes in Saudi Arabia and the UAE are changing local markets – and identifies debt-for-equity swaps, non-performing loan transactions and the sale of healthy parts of a business in the context of restructuring as areas ripe for further development.

05 November 2021

FCA wins appeal over Carillion regulatory action

The UK’s financial regulator does not need court permission to take certain regulatory action against collapsed construction group Carillion, an English High Court judge has ruled.

29 October 2021

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