News

Baccarat investors’ bankruptcy trustees seek recognition in the UK

The Hong Kong bankruptcy trustees of a Chinese mother and daughter who made a doomed investment in the luxury French crystal brand Baccarat, have sought recognition in the UK to claw back local assets including a property in London.

23 July 2021

IWIRC announces 2021 Founders Awards winners

The International Women’s Insolvency & Restructuring Confederation has announced the recipients of its 2021 Founders Awards, with winners in the US and Asia.

23 July 2021

Katten appoints new restructuring heads

Katten Muchin Rosenman has appointed new co-heads for its restructuring practice, four months after the sudden death of former chair John Sieger.

23 July 2021

Hong Kong fund directors face Cayman litigation

The liquidators of an Asia-focused mutual fund are suing its directors in the Cayman Islands, accusing them of offloading shares it held in a Hong Kong company against its interests.

23 July 2021

Cooling-off period denied in first for Dutch scheme

In a precedent-setting Dutch scheme ruling, a real estate developer’s request for a cooling-off period has been denied after a court in the eastern Netherlands found it had not taken “serious steps” to offer a plan to its creditors.

22 July 2021

Australian report shows interdependency of Greensill administrations

Greensill’s Australian liquidators have said they can’t provide estimates on potential returns for its unsecured creditors, because they depend on future dividends in the UK and German administrations, among other factors.

22 July 2021

Lowenstein hires in New York

A former Arent Fox partner who worked on the recent bankruptcy of Thai-owned grocer Dean & Deluca, has joined Lowenstein Sandler.

22 July 2021

Hyflux enters liquidation

After more than three years of failed restructuring attempts, a Singaporean court has placed water treatment company Hyflux in liquidation – and made a costs order against one of its potential investors, which tried to halt its winding-up.

21 July 2021

Caffè Nero CVA challenge trial starts in London

A landlord of UK coffee chain Caffè Nero, and a billionaire looking to buy it, have given evidence to the High Court in London on the first day of a challenge to its company voluntary arrangement.

21 July 2021

Winston & Strawn adds new global restructuring head in New York

Winston & Strawn has hired the former global co-head of McDermott Will & Emery’s restructuring group to lead its own global practice in New York.

21 July 2021

Get unlimited access to all Global Restructuring Review content