News

Jones Day adds partner from BakerHostetler

Jones Day has hired partner Tom Wearsch from BakerHostetler to practise in its Cleveland office.

28 April 2016

LONDON: Litigation finance in cross-border insolvency

Lawyers and insolvency professionals from around the world gathered in London last Friday for the R3 & INSOL Europe International Restructuring Conference, which hosted, among other sessions, a discussion on the growing popularity of third party funding in insolvency proceedings.

28 April 2016

US district court reverses bankruptcy court decision, finds personal jurisdiction over Bahraini banks

A district court in the US has ruled that the selection and use of correspondent bank accounts in New York by two foreign banks provides sufficient basis for a court to assert personal jurisdiction over them, in a reversal of an earlier bankruptcy court decision.

27 April 2016

Bryan Cave hires Seyfarth Shaw practice co-chair

Bryan Cave has hired the former chair of Seyfarth Shaw’s bankruptcy, workouts and business reorganisation practice group, Jason DeJonker, as a partner in Chicago.

27 April 2016

Israeli court appoints manager for property developer in Canadian bankruptcy

An Israeli court has appointed a manager to draft a settlement for Israeli creditors of a distressed Canadian property developer, days after it filed for bankruptcy protection in Canada.

26 April 2016

Early-bird tickets on sale for GRR - Latin Lawyer Restructuring Summit

Early-bird tickets are on sale now for the debut GRR - Latin Lawyer Restructuring Summit, which will be held in New York on 6 June.

26 April 2016

Sergio Bermudes Advogados assists Sete Brasil on imminent bankruptcy filing

Sao Paulo law firm Sergio Bermudes Advogados and financial advisory firm Alvarez & Marsal have been retained by oil rig leaser Sete Brasil as it prepares to file for bankruptcy.

26 April 2016

Bankrupt Russian airline hit with US$22m arbitration award

Bankrupt Russian airline Transaero has been told it must pay a US$22 million arbitration award to a US aviation company to cover unpaid debts, as it fights parallel litigation in St Petersburg.

25 April 2016

Maritime liens ruling provides clarity on OW Bunker bankruptcy claims

In a ruling that could impact several US court proceedings related to the global bankruptcy of Danish ship fuel contractor OW Bunker, a court in New York has found that ING Bank, as assignee to an OW Bunker subsidiary, holds a maritime lien against vessels that the bankrupt entity had contracted to supply with fuel.

25 April 2016

UK’s R3 hands presidency to Keston Reeves partner

Andrew Tate, the head of the restructuring at accounting firm Kreston Reeves in London, will take the reins as president of the UK’s Association of Business Recovery Professionals R3, next week.

22 April 2016

Get unlimited access to all Global Restructuring Review content