News

Offshore firm Harneys has bolstered its London office by hiring a partner from rival Walkers to lead its litigation, insolvency and restructuring practice in the UK capital.

10 November 2023

Austria’s largest privately-owned real estate group Signa has appointed White & Case partners Gernot Wagner and Rebecca Emory in Frankfurt to lead a team advising two of its property divisions, as further details emerge about the wider Signa group’s restructuring.

10 November 2023

Crypto platform Celsius Network has secured a New York court’s approval of a restructuring plan that will see it transfer its cryptocurrency to customers and offer them stock in a new NASDAQ-listed bitcoin mining company.

09 November 2023

Offshore firm Ogier has launched a new office in the Dubai International Financial Centre led by partner David Welford, a disputes partner previously based in the British Virgin Islands and Jersey, who has credits on Brazilian oil group Constellation’s restructuring.

09 November 2023

An alleged Ponzi fraudster’s Canadian bankruptcy trustees have secured recognition in California to prevent a disgruntled San Diego investor from taking matters into his own hands at the expense of other creditors, in a Chapter 15 docket that reads like a movie script.

08 November 2023

An Ashurst partner who worked on German property group Adler’s highly contested English plan restructuring has joined McDermott Will & Emery after three years at his former firm.

08 November 2023

Dubai’s Court of Appeal has approved a five-years-in-the-making restructuring plan for struggling construction contractor Drake & Scull, giving it 12 months to implement it.

07 November 2023

Co-working start-up WeWork has sought Chapter 11 protection in New Jersey after weeks of speculation, announcing a plan to slash its debt by US$3 billion and secure funding from its majority shareholder, Japanese technology investment group SoftBank.

07 November 2023

An English court has clarified the proper approach for appointing interim receivers, allowing an application by a creditor of a deceased Chinese businessman to appoint them over the latter’s property in the UK.

06 November 2023

The liquidators of a Singaporean fintech company should be restrained from dealing with money allegedly obtained as proceeds from criminal offences relating to the German Wirecard Group, a local court has ruled, setting out its power to grant assistance in foreign criminal matters where it clashes with insolvency legislation.

06 November 2023