News

Houthoff Buruma poaches team from Simmons & Simmons

Amsterdam-based partners Gerhard Gispen and Christiaan Zijderveld, together with their team, have moved from Simmons & Simmons to Dutch firm Houthoff Buruma.

22 April 2016

Skadden counsels SunEdison on Chapter 11 filing

Skadden Arps Slate Meagher & Flom is representing Delaware-registered renewables company SunEdison and 25 of its US and international affiliates in voluntary bankruptcy proceedings filed before a New York court on Thursday.

21 April 2016

Retired bankruptcy Judge Wedoff named ABI president-elect

The American Bankruptcy Institute’s board of directors has appointed retired bankruptcy Judge Eugene Wedoff as president-elect of the ABI, to succeed current president Jeffrey Pomerantz of Pachulski Stang Ziehl & Jones in 2017.

21 April 2016

Norton Rose, Proskauer and Garrigues advise Pacific Exploration on restructuring

Canadian-Colombian oil company Pacific Exploration has reached a deal with an investment group to restructure most of its US$5 billion debt, advised by Norton Rose Fulbright in Canada, Proskauer Rose in the US and Garrigues in Colombia.

20 April 2016

German court dismisses insolvency claim but challenges recycling group’s COMI switch

A German court has dismissed an attempt by a bondholder to open insolvency proceedings against international recycling group Scholz – but found it was the correct venue for the failed claim, despite the company's attempted centre of main interests shift to the UK in January.

20 April 2016

Community round-up: regional rearrangements and partner promotions

Recent weeks have seen some notable moves at regional law firms in the US and the UK, while international promotions rounds have made up some all-rounders with restructuring know-how.

20 April 2016

Deloitte report unpicks multinational group restructuring in the UK

The joint administrators of Powa Technologies, a mobile and e-commerce group that operated in 13 different jurisdictions, have issued a report detailing the UK administration proceedings of two of the group’s 25 affiliates, revealing first-hand some of the issues faced in multinational group insolvencies.

19 April 2016

Clifford Chance insolvency co-head leaves London for local firm

The joint leader of Clifford Chance’s insolvency and restructuring team, David Steinberg, has left the Magic Circle firm after 30 years to join Stevens & Bolton in Guildford, Surrey.

19 April 2016

Cuba’s creditors appoint sovereign debt expert to reach out to government

Private sector creditors seeking to settle debts with Cuba that date back to a 1986 default have appointed Rodrigo Olivares-Caminal of Queen Mary, University of London, to help set up talks with the island nation’s government.

18 April 2016

Oil company to negotiate restructuring with Canadian financier despite Colombian protests

Canadian-Colombian oil company Pacific Exploration has announced plans to negotiate a restructuring deal with a Canadian investment group, despite attempts by shareholders to enlist Colombia’s market regulator to block the deal.

15 April 2016

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