News

Puerto Rican bankruptcy lawyer charged with fraud, forgery

A federal grand jury in the District of Puerto Rico charged a bankruptcy lawyer from the island with forgery of a federal bankruptcy court judge’s signature, obstruction of justice, and wire fraud against a Puerto Rican attorney.

01 March 2016

German insolvency proceedings spark Canadian bank winding-up action

Insolvency proceedings brought against a German subsidiary of Canada’s Maple Bank have prompted an “urgent” winding-up order against a branch of the bank in its native country.

01 March 2016

Russia sues Ukraine in UK over US$3 billion Eurobond default

Russia has hired Cleary Gottlieb Steen & Hamilton to sue Ukraine in a London court, where it is seeking payment of a US$3 billion Eurobond that the eastern European state defaulted on late last year.

01 March 2016

Latham & Watkins announces Hong Kong expansion

Latham & Watkins has announced it is moving a senior restructuring partner from Chicago to Hong Kong, where it is also adding four more partners with experience in private equity and financing transactions - suggesting an anticipated growth in distressed investments work in Asia.

01 March 2016

Argentina settles billions in holdout claims

Argentina has agreed to pay out almost US$8 billion to outstanding bondholders to settle some of the sovereign debt claims resulting from the country’s 2002 default.

01 March 2016

New York court dismisses Chapter 15 application on COMI grounds

A New York bankruptcy court has declined to recognise bankruptcy proceedings in the British Virgin Islands as foreign main proceedings under Chapter 15, finding that the BVI was not the debtor’s centre of main interest.

29 February 2016

Amendments to Kazakh bankruptcy law signed and enacted

The Republic of Kazakhstan has introduced amendments to its bankruptcy law, setting forth new measures to prevent a company from going into liquidation.

29 February 2016

Paul Weiss ordered to reveal privileged information from investigation on behalf of bankrupt Chinese medical company

A US court has demanded that Paul Weiss Rifkind Wharton & Garrison hand over privileged information from an internal investigation the law firm oversaw for China Medical Technologies (CMED) to the company’s liquidator.

29 February 2016

Introducing GRR’s 40 Under 40

After months of research, Global Restructuring Review is delighted to unveil our 40 under 40 survey.

29 February 2016

DLA Piper co-chair Galardi joins Ropes & Gray

The former global co-chair of DLA Piper’s restructuring practice, Gregg Galardi, has joined Ropes & Gray as partner in the firm’s New York office.

26 February 2016

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