News

KordaMentha, King & Wood Mallesons hired for Deliveroo Australia’s administration

Deliveroo’s Australian operating subsidiary has entered voluntary administration appointing a team from KordaMentha advised by King & Wood Mallesons, in a case that could raise interesting questions for tech companies with non-physical assets.

17 November 2022

E-House’s Cayman scheme receives US recognition

Chinese real estate services provider E-House has obtained Chapter 15 recognition of its Cayman scheme of arrangement, six days after the scheme was sanctioned in the Grand Court.

17 November 2022

Liberty Steel reaches debt restructuring deal

Sanjeev Gupta’s Liberty Steel Group has reached an in-principle agreement with creditors of the collapsed trade financing firm Greensill and Credit Suisse, which has allowed the group to delay winding up petitions due to be heard in the UK later this month.

16 November 2022

Voyager restarts bidding process as FTX founder faces lawsuit in Miami

Bankrupt cryptocurrency brokerage Voyager Digital has reopened the Chapter 11 bidding process for its assets, having confirmed hours after FTX entered bankruptcy last week that their US$1.4 billion court-sanctioned deal had collapsed.

16 November 2022

IWIRC reveals Asia Women of the Year for 2022

The International Women's Insolvency and Restructuring Confederation has named Alvarez & Marsal managing director Tiffany Wong its Asia Woman of the Year in Restructuring for 2022.

16 November 2022

III & ABLI launch new guide on treatment of insolvent MSEs in Asia

Two international insolvency organisations have launched a new guide on the treatment of insolvent micro and small enterprises in Asia, aiming to plug a gap in the legislative regimes of many Asian jurisdictions.

16 November 2022

SGRI, Singapore: crypto collapses “enliven” opportunity for mediation

The high-profile collapses of FTX and other crypto companies will lead to the “next wave” of mediations and arbitrations, according to speakers at the Singapore Global Restructuring Initiative’s inaugural conference.

15 November 2022

ADGM leaves questions over effectiveness of NMC’s DOCAs to 2023

NMC Healthcare’s administrators have failed to obtain directions on the effectiveness of the group’s restructuring carried out earlier this year, after a court in the Abu Dhabi General Market held it would be more appropriate for the issue to be decided at a trial next July.

15 November 2022

Historic buildings investor’s Luxembourg liquidator seeks Chapter 15 recognition

The Luxembourgish liquidator of a mutual investment fund that invests in historic buildings has applied for Chapter 15 recognition in New York to enlist the local courts’ cooperation, as he seeks to investigate transactions allegedly carried out by the debtor’s US sub-fund in contravention of Luxembourg law.

15 November 2022

Walkers secures first Cayman restructuring officer appointment

Walkers has secured the first ever appointment of restructuring officers in the Cayman Islands under the offshore jurisdiction’s new regime.

14 November 2022

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