News
European digital technologies group seeks recognition in New York
The CEO of Paris-registered digital technologies specialist Ymagis has applied for recognition of its French insolvency proceedings in New York, just months after it agreed a €52 million restructuring.
29 July 2020
UK mini-bond seller wound-up by scandal-hit parent LC&F
An English court has ordered the winding-up of a UK mini-bond seller, following a petition by the administrators of its scandal-hit parent, London Capital & Finance.
28 July 2020
Texan trustee seeks UK’s help in suspected brotherly bankruptcy fraud
The Texan trustee of a discharged bankrupt now suspected of possible bankruptcy fraud with his brother, is using the UK’s cross-border insolvency law to try to access a London Thameside property.
28 July 2020
Hyflux banks prepare judicial management application
An unsecured group of Hyflux’s bank lenders are preparing an application to place it under judicial management, while the embattled Singaporean company has also received new proposals from US and UAE investors.
28 July 2020
Baker McKenzie advises as Thai Airways pursues restructuring
Baker McKenzie, Herbert Smith Freehills and Southeast Asian firm Tilleke Gibbins are all taking roles in the rehabilitation proceedings for Thailand’s flagship airline, which is next due in court on 17 August.
28 July 2020
English court sanctions scheme for British retailer Matalan
An English judge has approved Guernsey-owned British fashion and homeware retailer Matalan’s scheme of arrangement, for which it will seek US recognition in the coming days.
27 July 2020
Bermuda court extends injunction to prevent risk of Gupta asset claim dissipation
A Bermudian court has extended a Mareva injunction against a locally-registered commodities trader, finding there was a risk of dissipation of its only realisable asset – a claim in the South African restructuring of a coal mine formerly owned by the Gupta family.
27 July 2020
Roland Berger makes three hires in DACH region
Munich-headquartered management consultancy Roland Berger has hired a new principal and two new partners as it seeks to handle the challenges facing companies dealing with covid-19.
27 July 2020
African Minerals scheme sanctioned in London
The High Court of Justice in London has sanctioned a scheme for mining company African Minerals, despite only four unsecured creditors voting at the scheme meeting last week.
27 July 2020
Paper company seeks Hong Kong recognition of Bermudian light-touch JPLs
A Bermudian court has appointed light-touch provisional liquidators over a locally incorporated paper company and asked a Hong Kong court for assistance, amid a potential investigation into auditing issues at the company.
27 July 2020
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