News

Italian fuel trader turns to US to stay Danish creditor suits

An Italian fossil fuel trader has filed for bankruptcy protection in a Delaware court to safeguard it from US civil suits launched by Danish creditors.

16 December 2015

Vantage Drilling files 24 Chapter 11 cases with restructuring plan

Two dozen international subsidiaries of a Cayman Islands-based driller have filed for Chapter 11 protection, blaming the oil price collapse and links to scandalised Brazilian state oil company Petrobras for their woes.

11 December 2015

Greenberg launches energy restructuring team with McDermott hire

Greenberg Traurig has hired McDermott Will & Emery partner Iskender “Alex” Catto as the head of its newly created power industry projects and restructuring group in New York.

27 November 2015

Mexico’s Homex completes restructuring under new insolvency law

Mexican real estate developer Desarrolladora Homex has become the first major company with US investors to successfully restructure under Mexico’s reformed insolvency law, coming out of its restructuring within the mandated one-year period.

13 November 2015

Ontario court rejects Nortel bondholder’s “interest stops” claim

06 November 2015

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