News

Linklaters hires new practice head

Linklaters has hired a new head of restructuring and insolvency in New York from Willkie Farr & Gallagher.

17 December 2015

Chinese lender appoints receiver in Baha Mar foreclosure

Export-Import Bank of China has appointed a receiver in the foreclosure of a US$3.5 billion Bahamian resort, weeks after it was denied bankruptcy protection in the United States.

16 December 2015

Kirkland & Ellis adds new partner in Hong Kong

Kelly Naphtali has left Lipman Karas to join Kirkland & Ellis as a partner in Hong Kong.

16 December 2015

Insolvency litigator joins Corrs Chambers Westgarth as special counsel

Australian firm Corrs Chambers Westgarth has appointed Michelle Dean as special counsel in its Perth office.

16 December 2015

Asian-focused gold miner files for bankruptcy in Canada

Canadian mining company Besra Gold has filed for protection under Canada’s Bankruptcy and Insolvency Act (BIA), as it seeks to restructure its gold mining operations in Vietnam and Malaysia.

16 December 2015

ECB not liable for losses from Greek debt restructuring

An EU court has dismissed claims by a group of bondholders against the European Central Bank over the Greek sovereign debt restructuring of 2012, ordering them to pay costs and ruling that their losses were a normal consequence of making an obviously risky investment.

16 December 2015

Bankruptcy filings in four jurisdictions for Japanese shipper

Japanese bulk shipping line Daiichi Chuo Kisen Kaisha has filed for bankruptcy protection in Tokyo, New York, Toronto and Sydney as it moves to restructure over $1 billion in debt.

16 December 2015

Alabama bankruptcy judge joins Bailey & Glasser in DC

A US judge who presided over the 2011 municipal bankruptcy of Jefferson County, Alabama, has retired from the bench and joined law firm Bailey & Glasser as a partner in Washington, DC.

16 December 2015

Channel Islands courts order cross-border asset pooling for shipping group

Courts in Guernsey and Jersey have ordered an insolvent shipping group to pool the liquidated assets of two companies registered in different isles – the first time a successful cross-border pooling application has been brought in the Channel Islands.

16 December 2015

Not so merry men: theme park directors ordered to pay for wrongful trading

A UK court has issued a rare decision on wrongful trading under the Insolvency Act 1986, ordering two former directors of a Robin Hood-themed tourist attraction to pay compensation to its liquidators.

16 December 2015

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