News
Weil distress index: high interest rates to call time on "amend-and-extend"
Amend-and-extend transactions will not survive in an era of high interest rates, according to Weil Gotshal & Manges partner Andrew Wilkinson, who was speaking at the launch of Weil’s latest European distress index.
06 October 2022
Former Bain Capital managing director joins Akin Gump in New York
Kirkland & Ellis partner Ranesh Ramanathan has joined Akin Gump Strauss Hauer & Feld to co-lead its special situations and private credit group in New York, bringing with him experience representing foreign investors in distressed acquisition transactions in India.
06 October 2022
Ready for lift off: exploring restructuring opportunities in outer space
Outer space is being commercialised at a frenetic pace and is throwing up some complex legal questions where distress presents itself as the recent Intelsat, OneWeb and Speedcast international Chapter 11s have shown. Scott Atkins, president of INSOL International and global co-chair of Norton Rose Fulbright’s restructuring group, discusses some of the pressing issues that practitioners could face in the event of an appointment over a private space enterprise.
06 October 2022
UK Supreme Court hands down “momentous” creditor duty decision
Lawyers have welcomed a much-anticipated ruling from the UK’s highest court, which has provided guidance for the first time on the duties owed by directors to creditors prior to a company entering insolvency.
05 October 2022
Lehman judge Shelley Chapman rejoins Willkie
Five days after making an historic order closing the liquidation of Lehman Brothers’ brokerage unit after its collapse 14 years ago, New York’s Judge Shelley Chapman has rejoined her old firm Willkie Farr & Gallagher.
05 October 2022
ADGM court issues US$1bn freezing order against former NMC chief
Abu Dhabi Commercial Bank has secured a worldwide freezing order against the former CEO of Middle Eastern healthcare group NMC, who it accuses of being part of a major fraud that led to the group’s collapse.
05 October 2022
A&M seeks directions over energy obligations as five-day hearing begins
The liquidators and administrators of 10 UK energy suppliers are seeking directions from the English High Court over "hitherto unidentified questions" about obligations owed under the statutory regime governing the supply of electricity and how such obligations should be treated in an insolvency.
04 October 2022
China’s E-House seeks US recognition of Cayman scheme
Struggling Chinese real estate services provider E-House (China) Enterprise is seeking Chapter 15 recognition of its Cayman scheme, which it recently amended to allow it to deal with notes held through sanctioned Russian banks.
04 October 2022
Sandton Capital expands London team with Teneo hire
Private equity and complex situations investor Sandton Capital Partners has added Teneo restructuring manager Tsvi Lewis to its London team.
04 October 2022
A&O restructuring co-head joins Linklaters in Hong Kong
Linklaters has hired the founder and co-head of Allen & Overy’s Asia Pacific restructuring practice, who worked on the restructurings of Caribbean mega-resort Baha Mar and commodities trader Noble Group.
03 October 2022