News

Latham hires from Linklaters again

Following its hire of Bruce Bell in London, Latham & Watkins is adding a second Linklaters partner in as many months, this time in Madrid.

13 April 2021

Australia’s highest court will now hear Cape Town Convention question

Australia’s highest court will now consider what it means to “give possession” under the Cape Town Convention, having granted an application for special leave to appeal a dispute over who should pay for the return of jet engines leased by Virgin Airlines.

13 April 2021

Norwegian Air restructuring approved in Oslo

An Oslo court has approved Norwegian Air’s restructuring plan after parallel schemes of arrangement were sanctioned in Ireland, paving the way for it to eliminate about US$3.6 billion of debt.

13 April 2021

MoFo advising as Wirecard seeks US recognition

The German administrator of scandal-hit payment processor Wirecard has asked a Pennsylvania court to recognise its Munich-based insolvency and to block securities litigation pending in the US.

12 April 2021

Chilean car importer seeks support for pre-pack

Chilean car importer Automotores Gildemeister has commenced solicitation for a pre-packaged Chapter 11 process to reduce its debt by over US$200 million, after restructuring its senior notes in 2019 and 2016.

12 April 2021

Brazil’s Samarco files for bankruptcy amid bondholder suits

Mining company Samarco Mineração has filed for judicial reorganisation in Brazil after bondholder litigation in the US and Brazil scuppered restructuring negotiations held in the aftermath of two environmental disasters.

12 April 2021

Abu Dhabi-based NMC Healthcare secures interim English protection

The administrators of NMC Healthcare in Abu Dhabi’s financial free zone have obtained interim protection in the UK, blocking creditors from attaching sale proceeds they plan to place in a London bank account.

09 April 2021

Creditor meetings bypassed for Cayman health company’s Hong Kong liquidation

A Hong Kong court has appointed liquidators over a Cayman healthcare company accused of fraud, after dispensing with creditor meetings and rejecting opposition from contributories.

09 April 2021

Texas court recognises Just Energy’s CCAA process

A Texas bankruptcy court has granted full recognition to Canadian retail energy provider Just Energy’s CCAA proceedings, which were triggered by the unprecedented winter storms and skyrocketing electricity prices in Texas in February.

09 April 2021

Delaware bankruptcy court adds new judge

After over three decades in practice, Cole Schotz member Kate Stickles has joined the bankruptcy bench in Delaware, filling a seat vacated by Judge Kevin Carey when he stepped down in 2019.

08 April 2021

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