Multinational corporate groups

TIM, Telefónica and Claro make US$3 billion bid for Oi’s mobile division

A slew of Brazilian law firms and one Spanish outfit have helped telecoms operators TIM, Telefónica and Claro make a US$3 billion binding stalking-horse bid to jointly buy Oi’s mobile services business, as part of the latter’s reorganisation.

25 September 2020

Europe Column: the future of cross-border insolvency protocols

Bob Wessels and Ilya Kokorin discuss their recent detailed study on the role of insolvency protocols in restructuring and insolvency law.

09 September 2020

Herbert Smith Freehills hires restructuring specialist in Sydney

The legal director of the Australian Restructuring Insolvency & Turnaround Association, Natasha McHattan, has joined Herbert Smith Freehills as special counsel in Sydney.

27 August 2020

Creditors to vote on amendments to Oi’s landmark reorganisation

Brazilian telecoms company Oi has presented creditors with amendments to its landmark US$20 billion restructuring plan that was approved in 2019, in a bid to get higher offers on assets and extend new loans.

25 August 2020

Hema scheme approved in England

The High Court in London has sanctioned Dutch retailer Hema’s English scheme of arrangement, allowing it to restructure €600 million of senior secured notes as part of a comprehensive, multi-jurisdictional financial restructuring.

24 August 2020

One in, one out at RSM in London

Advisory firm RSM has hired Janet Burt from Alvarez & Marsal as a partner in its London restructuring group, while restructuring manager Jennifer Harrison has left the firm for Duff & Phelps.

21 August 2020

Quinn Emanuel and Kirkland advising as NMC plans administration in Abu Dhabi

Scandal-hit UAE hospital operator NMC Healthcare is planning to file for administration in Abu Dhabi’s financial free zone, four months after its London-listed holding company entered administration in England.

20 August 2020

Curtis restructuring chair moves to Dentons in New York

Dentons has hired the chair of Curtis Mallet-Prevost Colt & Mosle’s restructuring group as a partner in New York.

19 August 2020

Two more Virgin Australia entities seek Chapter 15 recognition

The newly appointed administrators of two Virgin Australia entities that Bain Capital plans to include in its purchase of the group have sought Chapter 15 recognition in New York.

14 August 2020

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