News

McDermott adds new restructuring head in London

Proskauer Rose’s former European head of restructuring Mark Fennessy has moved to McDermott Will & Emery in London, telling GRR his new firm's strong finance, corporate and litigation offering will be important in the post-Brexit world.

22 January 2021

Speedcast Chapter 11 sale approved in Texas

Australian satellite communications group Speedcast has won a Texan court’s approval for a Chapter 11 sale plan after reaching a creditor settlement that allows it to potentially file for voluntary administration in Australia.

22 January 2021

UK’s financial regulator rapped following LCF collapse

Signature Litigation partners Paul Brehony and Abdulali Jiwaji and head of knowledge and legal services Johnny Shearman examine the impact of the recent public reprimanding of the UK’s Financial Conduct Authority for oversight failures in the collapse of mini-bond issuer London Capital & Finance.

22 January 2021

Restructuring expert appointed in new first for Dutch scheme

Marking another first for the new Dutch scheme, a restructuring expert has been appointed over two struggling companies by a court in the Northern Netherlands.

21 January 2021

Alvarez & Marsal continues European growth with London Deloitte hire

Former Deloitte partner Christian Ebner has joined Alvarez & Marsal as a managing director in London, where he will focus on German and Italian markets.

21 January 2021

French firm Franklin expands in Paris

A year on from the foundation of its restructuring practice under Numa Rengot, France’s Franklin has expanded in Paris with a hire from Deloitte’s French firm Taj.

21 January 2021

Freshfields advising as Malaysia Airlines wins landmark UK scheme decision

Lawyers for the Malaysia Airlines group have welcomed a landmark English court ruling that they say confirms UK restructuring tools offer airlines a quicker and cheaper alternative to Chapter 11.

20 January 2021

Delaware safe harbour ruling splits from New York courts

Bankruptcy safe harbour rules can apply to transfers made by debtors according to a Delaware court that has departed from a New York ruling that debtor transfers are not protected from avoidance actions.

20 January 2021

English court will hear Galapagos claim amid international challenges

An English court will hear a claim for declaratory relief concerning the validity of the Galapagos group’s controversial 2019 restructuring after finding that an “anchor defendant” in the form of a non-participating high yield note trustee gave it jurisdiction over a Luxembourg fund and a German insolvency administrator.

20 January 2021

Creditors approve KrisEnergy’s Singapore scheme

Cayman-incorporated oil and gas group KrisEnergy has secured creditor support for its Singaporean scheme of arrangement as part of a restructuring of its US$477 million debt pile.

19 January 2021

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