News
Kobre & Kim hires Walkers insolvency head in Hong Kong
Kobre & Kim has hired the head of Walkers’ insolvency and dispute resolution group in Hong Kong, a partner with credits in the Saad liquidation and the Winsway restructuring.
08 October 2020
UK announces connected pre-pack scrutiny laws
The UK government has revealed plans to introduce independent scrutiny of pre-pack administration sales to connected parties, after promising a review this summer: a move that lawyers and practitioners tell GRR will improve transparency, but requires balance.
08 October 2020
Canadian court approves cannabis company’s plan with narrowed releases
A British Columbia court has approved a revised restructuring plan for New York-based marijuana company iAnthus, telling opposing shareholders that not doing so would reward parties bringing “tactical” litigations at the expense of those with less “aggressive” lawyers.
08 October 2020
Dutch senate approves amended scheme
Local lawyers in the Netherlands tell GRR they expect the new Dutch scheme to be used frequently in the new year, after the country’s upper house of parliament rubber-stamped legislation that will bring it into being.
07 October 2020
Canadian court upholds anti-deprivation rule
The Supreme Court of Canada has upheld the common law "anti-deprivation" rule that parties cannot enforce contractual provisions triggered by insolvency where they remove value otherwise available to creditors.
07 October 2020
MNC launches Singapore scheme as other Indonesian debtors follow lead
Jakarta-based conglomerate MNC Investema has launched a pre-packaged scheme in Singapore, months after it became the first Indonesian company to secure a moratorium in the city-state – and other Indonesian companies have already followed suit.
07 October 2020
MoFo hires bankruptcy litigator from Katten in New York
A Katten Muchin Rosenman bankruptcy litigation partner, who worked on the cross-border restructuring of Pacific Exploration, has moved to Morrison & Foerster in New York.
06 October 2020
Hogan Lovells adds new partners in Singapore and Paris
Hogan Lovells has hired a new restructuring partner in Singapore from K&L Gates, and welcomed back a former member of its Paris employment practice with restructuring experience.
06 October 2020
Codere’s English scheme sanctioned after creditor drops opposition
An English court has sanctioned a scheme of arrangement for Spanish gaming company Codere, after a Cayman creditor withdrew its opposition and voted to approve it.
06 October 2020
KLM asks Dutch government to green-light restructuring plan
With help from Allen & Overy, the Dutch arm of airline group Air France-KLM has submitted a restructuring plan to the Netherlands Ministry of Finance in the hope of securing a rescue package worth €3.4 billion.
05 October 2020
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