News

Royer Cooper Cohen Braunfeld hires two from BakerHostetler

East Coast firm Royer Cooper Cohen Braunfeld has added two partners from BakerHostetler as part of a newly formed bankruptcy practice group.

03 June 2016

Australian administrator disputes costs attached to $100m New York loan

The administrator of distressed Australian steel manufacturer Arrium steel has brought a claim disputing legal costs attached to a US$100 million loan the company recently repaid to New York asset management firm GSO.

02 June 2016

NML relies on “Panama Papers” to pursue sanctions against Mossack Fonseca

US hedge fund NML Capital, in its pursuit of assets to satisfy its judgments against Argentina, has used two emails retrieved from the cache of documents leaked from Panamanian law firm Mossack Fonseca in a bid to seek recourse from the firm in a Nevada court.

02 June 2016

Norton Rose adds Clayton Utz partner in Melbourne

Norton Rose Fulbright has hired Peter Bowden from Clayton Utz as a partner in its Melbourne office.

02 June 2016

US treasury office calls for greater clarity and transparency in living wills regulation

A report by the US Treasury’s Office of Financial Research (OFR) has criticised the lack of information available in bank resolution plans and called for greater standardisation and information to boost public confidence in the banking sector.

02 June 2016

Brazilian law firms expand their teams amid restructuring boom

The past month has seen a flurry of hires and promotions in the restructuring teams of prominent Brazilian law firms, with experts predicting a rise in distressed transactions in the country in the near future.

02 June 2016

Australian energy company's US subsidiaries file for Chapter 11 to avoid "disaster"

The US subsidiaries of Australia’s Linc Energy have filed for Chapter 11 protection in Texas, citing an “immediate” need to draw US$10 million of interim DIP financing to pay operating costs while its Australian parent faces its own insolvency proceedings.

01 June 2016

Community round-up: new restructuring hires for banks and advisory firms

Recent weeks have seen banks and advisory firms add to their ranks of insolvency and restructuring managers in New York and London, while a veteran bankruptcy practitioner has joined Richards Kibbe & Orbe as a partner in New York.

01 June 2016

UK court sides with Slaughter and May in Hellas costs saga

The English Court of Appeal has ruled that the liquidators of a Luxembourg telecoms company can’t ask a court to determine the amount of legal fees owed by the company’s former administrators to magic circle firm Slaughter and May.

01 June 2016

English court finds fugitive Russian businessman owes $30m to insolvent Latvian bank

The English High Court has ruled that the former owner and manager of insolvent Latvian bank Latvijas Krājbanka is liable for more than US$30 million in compensation.

31 May 2016

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