News
Heuking Kühn Lüer Wojtek advising IT consultancy Softline on new StaRUG
A German district court has appointed Professor Lucas Flöther as restructuring officer to oversee a new StaRUG for the local arm of global IT consultancy Softline, which will see its majority shareholder take it over.
14 August 2023
Century Sunshine secures Hong Kong and Singaporean schemes
Chinese fertiliser group Century Sunshine has secured sanction of parallel schemes in Hong Kong and Singapore, one year after one of its key Bermudian subsidiaries successfully restructured its debt using a Hong Kong scheme.
11 August 2023
Canada’s NextPoint Financial wins interim Ch15 relief in Delaware
A Canadian group that offers a marketplace for financial services targeting consumers and small businesses has secured interim Chapter 15 relief in Delaware to block creditors and other stakeholders taking action against its assets in the US.
11 August 2023
Europe column: can digital data be the subject of property rights?
Bob Wessels discusses a recent case of the Netherlands Commercial Court on whether digital data can be legally owned.
11 August 2023
UK Supreme Court clarifies when bankrupt has standing to challenge trustee
The UK Supreme Court has confirmed the limited circumstances in which a bankrupt has standing to challenge the actions of a trustee in bankruptcy.
10 August 2023
Schultze & Braun’s cross-border restructuring head goes in-house
Annerose Tashiro, the former head of international resturcturings at Schultze & Braun and current INSOL International director, is moving in-house at German lithium producer AMG Lithium.
10 August 2023
Cayman Court of Appeal reverses just and equitable winding up order
Joint liquidators appointed over a solvent two-member captive insurance company have been discharged after the Cayman Islands Court of Appeal found a lower court erred in finding the company was a quasi-partnership.
10 August 2023
BVI court rejects Cayman Shinsun precedent
A British Virgin Islands judge has found that the ultimate beneficial owner of New York law-governed notes issued by a Chinese property developer has standing to present a winding up petition against it as a contingent creditor, declining to follow the recent Shinsun decision from the Cayman Islands.
09 August 2023
Cash machine maker secures first recognition of Dutch scheme
Ohio-headquartered cash machine manufacturer Diebold Nixdorf has secured Chapter 15 recognition of its Dutch WHOA plan, marking one of the last steps in a cross-border restructuring that will see it eliminate over US$2 billion in debt through an equity swap.
09 August 2023
Advisory firm Cork Gully expands into Luxembourg
London-headquartered heritage restructuring and special situations advisory firm Cork Gully has launched a new office in Luxembourg, to offer advice and management services to challenged and tail-end investment funds.
08 August 2023