News
Heads-Up: Sylwia Maria Bea at Norton Rose Fulbright in Frankfurt
Featured in Heads-Up
The co-leader of Norton Rose Fulbright’s EMEA restructuring group Sylwia Maria Bea discusses the new German insolvency law StaRUG, her role setting up a women-only restructuring association and why ESG considerations should become more widespread over the rest of the year.
14 June 2022
Dechert advising as another Chinese group seeks Ch15 recognition
The Cayman-registered holding company of a Chinese coal mining group has sought recognition of its Hong Kong restructuring scheme in New York.
14 June 2022
“Retirement is a fantasy for the young”: Allen & Overy’s former US restructuring head joins Kasowitz
The former head of magic circle firm Allen & Overy’s US restructuring group, who worked as American counsel to Virgin Atlantic in the UK’s first-ever Part 26A restructuring plan, has left retirement to join Kasowitz Benson Torres in New York.
13 June 2022
ADGM floats reforms to attract more insolvency practitioners
The Abu Dhabi Global Market (ADGM) has floated potential reforms to attract more insolvency practitioners to register in the UAE free zone – and is seeking input.
13 June 2022
Credito Real drops DLA Piper and FTI as restructuring talks continue
A struggling Mexican shadow bank that planned to enter Chapter 11 has dismissed DLA Piper and FTI Consulting as its restructuring advisers, as it continues to negotiate with creditors following a default on US$171 million of unsecured Swiss bonds in February.
13 June 2022
GRR Live, Women in Restructuring: is it 2007 all over again?
A 50% chance of a “shallow” recession next year, or 2007 all over again? Leading women in restructuring came together at GRR’s first live event in two and a half years to debate what lies ahead for practitioners and clients, amid skyrocketing inflation, post-covid supply chain issues and war in Europe.
10 June 2022
GRR Live, Women in Restructuring: in pictures
Around 140 women from around the world joined GRR for its first Live event after a long, covid-related hiatus, on 9 June. Click on the headline for pictures.
10 June 2022
China’s Modern Land requests US recognition
Troubled Hong Kong-registered property developer Modern Land is seeking Chapter 15 recognition of a Cayman scheme to deal with US$1.34 billion of notes, amid a recent ruling that warned such restructurings may not be effective in Hong Kong.
10 June 2022
Fantasia vows to fight new Cayman winding up petition
Chinese property developer Fantasia Holdings said it will “vigorously” oppose a winding up petition submitted last month in the Cayman Islands over its inability to pay US$149 million outstanding on its loan facilities.
10 June 2022
Spanish asset manager wins English scheme sanction
UPDATED: A Madrid-based asset manager linked to US private equity group Cerberus Capital Management has secured sanction of its English scheme of arrangement, with a pre-insolvency process set to follow in Spain to complete its restructuring.
09 June 2022