News

Adler ad hoc noteholder group proposes alternative restructuring

A noteholder group that blocked a consensual agreement that would have seen German real estate group Adler receive US$1 billion in fresh funding has published an alternative to the company’s English restructuring plan, which it claims would provide the group with more stability.

31 January 2023

Brown Rudnick team joins Parisian boutique

French private equity boutique Moncey Avocats has hired a partner from Brown Rudnick’s recently closed Paris office to lead its restructuring practice.

31 January 2023

UK crypto miner completes pre-pack sale with help from Keystone Law and Taylor Wessing

A UK-headquartered sustainable crypto miner with subsidiaries in the US, Canada and New Zealand has been sold in a pre-pack administration, with Keystone Law advising administrators from Interpath, and Taylor Wessing acting for the buyer.

31 January 2023

Willkie Farr advising Canadian office furniture manufacturer in Ch15

A 130-year-old Canadian office furniture manufacturer, whose already shaky financial position deteriorated with the pandemic, has tapped Willkie Farr & Gallagher as counsel as it seeks recognition of its Canadian Companies’ Creditors Arrangement Act liquidation in New York.

31 January 2023

California court allows cannabis company to sell assets in bankruptcy

A former cannabis products manufacturer has been allowed to sell its assets and distribute the proceeds in a Chapter 11 case in Los Angeles, in a ruling that lawyers say could open the door for distressed cannabis companies to complete orderly wind downs in bankruptcy.

30 January 2023

VEON secures sanction of English scheme

Netherlands-incorporated telecoms company VEON has secured sanction of an English scheme to extend two sets of notes while it tries to sell a wholly owned Russian subsidiary.

30 January 2023

DLA Piper and Foot Anstey advising as Flybe enters administration again

Once Europe's largest regional airline, British airline Flybe has ceased trading and collapsed into administration for the second time in three years.

30 January 2023

The GRR Women in Restructuring Survey 2023 is open

GRR’s third Women in Restructuring survey is now open for submissions: a lot has happened since our last survey in 2019 and we want to know how global phenomena like covid-19 have affected workplace practices.

27 January 2023

Dolfin case tests disclosure under UK special administration rules

In a first-of-its-kind ruling, an English judge has refused a disclosure request by a client of investment manager Dolfin Financial in relation to the remuneration charged by its joint special administrators.

27 January 2023

Health sensor SPAC files dual US-Cayman restructuring

A company that develops sensors used in smart watches has filed the second known application for restructuring officers in the Cayman Islands and entered a pre-packaged Chapter 11 in New York to equitise two sets of notes.

27 January 2023

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